Thursday, July 31, 2008

BEML sinks on reporting quarterly loss

BEML declined 2.03% to Rs 706 at 15:17 IST on BSE after the company posted net loss of Rs 17.43 crore in Q1 June 2008 as against net profit of Rs 23.59 crore in Q1 June 2007.
The company announced the results during trading hours today, 31 July 2008.
The stock hit a high of Rs 728 and a low of Rs 671.10 so far during the day. The stock had a 52-week high of Rs 1849.95 on 5 December 2007 and a 52-week low of Rs 600 on 16 July 2008.
The company has an equity capital of Rs 41.64 crore. Face value per share is Rs 10.
The current price of Rs 706 discounts its Q4 March 2008 annualised EPS of Rs 113.83, by a PE multiple of 6.20.
BEML’s total income fell 24.06% to Rs 309.04 crore in Q1 June 2008 over Q1 June 2007.
On 15 July 2008, BEML bagged export orders aggregating to Rs 34.50 crore from African countries for supply of equipments.
BEML earlier known as Bharat Earth Movers is engaged in manufacturing mining and construction equipments, railway rolling stocks, metro and defense equipments and aggregates. The products include bulldozers, shovels, excavators, dumpers, railway and transway passenger coaches.

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