BEML share price remains in focus after Elara Capital revised its target price to Rs 2,620 from Rs 2,700, citing a weaker-than-expected closing order book and near-term supply constraints. While the brokerage maintained a ‘Buy’ rating, it flagged that the FY26 order book came in at Rs 159 billion, missing the Rs 200 billion target due to delayed mining tenders. Despite this, Elara highlighted strong medium-term prospects driven by robust metro and defence pipelines, steady revenue growth guidance, and improving operating leverage supporting margins.
Consolidated revenue from operations rose 8.5 per cent to a record Rs 1,794 crore during March ended quater, against Rs 1,653 crore posted in the year-ago period.
EBITDA came in at Rs 271 crore in Q4 FY26 against Rs 423 crore in Q4 FY25, representing a decline of 35.9 per cent YoY. EBITDA margin contracted to 15.1 per cent in the January-March quarter of FY26 against 25.6 per cent reported in Q4 FY25. For the full financial year FY26, consolidated net profit fell 51.7 per cent to Rs 141 crore from Rs 293 crore in FY25, while revenue from operations increased 8.2 per cent to Rs 4,351 crore from Rs 4,022 crore.
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