BEML Limited Cuts Consolidated Net Loss Amid Revenue Growth

Defence PSU BEML Limited reported a reduced net loss of Rs 70.47 crore for Q1 ending June 30, 2024. This marks an improvement from the Rs 75.01 crore loss in the same period last year. Concurrently, consolidated income rose to Rs 634.61 crore from Rs 5,78.11 crore.

Defence PSU BEML Limited has reported a reduced net loss of Rs 70.47 crore for the quarter ending June 30, 2024. This figure marks an improvement compared to a consolidated net loss of Rs 75.01 crore for the same period last year, according to a filing with BSE.

The company's consolidated income during the April to June timeframe witnessed an increase, climbing to Rs 634.61 crore from Rs 5,78.11 crore in the corresponding quarter of the previous fiscal year.

BEML Ltd, known for its diversified portfolio, continues to supply products, services, and support across sectors including defence and aerospace, mining and construction, as well as rail and metro.

(With inputs from agencies.)