Shares of BEML slipped over 1 per cent to hit an intraday low of Rs 1,693 after brokerage turned mixed on the stock post company’s Q4FY26. The firm reported a sharp decline in March quarter earnings, prompting a mixed response from brokerage. While revenue growth remained steady and order inflows stayed strong, a steep drop in profitability and pressure on margins led analysts to trim earnings estimates, even as some retained a positive long-term view on the stock.
Consolidated revenue from operations rose 8.5 per cent to a record Rs 1,794 crore during the March-ended quarter, 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% 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.
BEML said it achieved strong financial performance during Q4 FY 2025-26. In Q4 FY26, the company recorded its highest-ever quarterly revenue of Rs 1,794 crore, registering a growth of 8.57 per cent YoY. EBITDA stood at Rs 281.33 crores, while interest cost reduced by 16.43 per cent to Rs. 45.39 crore.
For FY 2025-26, BEML achieved its highest-ever annual revenue of Rs 4.351 crore, reflecting a growth of 8.16 per cent YoY. The company also recorded its highest-ever Value of Production (VOP) of Rs 4, 239 crores, up by 8.58 per cent YoY. Capex reached an all-time high of Rs. 379 crore, including CWIP of Rs 191 crore. R&D investment increased by 150 per cent to Rs 251 crore. R&D spend rose to 6.25 per cent of revenue as against 2.57 per cent in the previous year, the defence PSU said in a press release.
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