Shares of BEML Ltd, a state-owned firm, have declared a second interim dividend of Rs 15 per fairness share (150%) for the fiscal yr 2024-25. Every fairness share has a face worth of Rs 10.
The dividend’s file date has been scheduled for 15 Might 2025, the enterprise introduced in an change submitting on Friday, 9 Might. Over the past fiscal yr, BEML Ltd. distributed an fairness dividend of Rs 35.50 per share.
The corporate’s December quarter outcomes had been dismal, though lowering prices helped the corporate’s working efficiency. The corporate’s internet revenue was Rs 24.4 crore, just about halving from the identical interval the earlier yr. In the identical quarter of the earlier yr, it reported a revenue of Rs 48.2 crore.
The quarterly income decreased by 16.3% to Rs 876 crore from Rs 1,047 crore within the earlier quarter.
The corporate’s EBITDA (Earnings Earlier than Curiosity, Tax, Depreciation and Amortisation) for the quarter climbed by 8% from the year-ago interval to Rs 60.6 crore, whereas margins improved to 7%, a 160 foundation factors acquire from 5.4% final yr.
A discount in different bills, in addition to worker profit bills, helped enhance BEML’s margins throughout the quarter.
At 3:30 pm, the shares of BEML had been buying and selling 1.63% increased at Rs 3,063 on NSE.
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