The company announced this in an exchange filing published on June 26. The Bengaluru-based company further added that this order has increased the aggregate value of the order(s) received under the said contract, having risen from $36.38 million to approximately $41.73 million.
Furthermore, BEML’s total international order bookings have now expanded and stand at approximately $112.35 million.
In its most recent quarterly results, the company saw its net profit falling 38% from last year to ₹180 crore from ₹288 crore earlier. Revenue for the quarter grew by 9% on a year-on-year basis to ₹1,794 crore from ₹1,653 crore.
When we take a quick look at the recent performance of BEML stock, the company’s shares slipped on Thursday’s trade. In the past 6 months of trade, the company shares have declined over 6%, taking the current stock price to ₹1,748 per share.
Read More: BEML Q4 Results: Stock slides 6% after sharp cut in order book guidance
