BEML profit drops 37% to Rs 180 cr in Q4

New Delhi: State-owned BEML Ltd on Friday reported a 37.4 percent decline in consolidated profit at Rs 179.82 crore during the March quarter.

The company had posted consolidated profit of Rs 287.55 crore in the year-ago period, BEML Ltd said in a filing to the BSE.

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However, the total income of the company during the January-March period rose to Rs 1,804.14 crore over Rs 1,656.36 crore in the year-ago period, the filing said.

The total expenses of the company rose to Rs 1,559.19 crore over Rs 1,261.54 crore in the year-ago period, the filing said.

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BEML Ltd manufactures a variety of heavy equipment, such as those used for earth moving, railways and mining. It is headquartered in Bengaluru.

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