BEML Ltd shares fell sharply by more than 7% on May 29 after the company reported a decline in profitability for the fourth quarter of FY26, despite posting growth in revenue.
For the quarter ended March 2026, the company reported a net profit of ₹180 crore, down 38% from ₹288 crore recorded in the corresponding quarter of the previous financial year. The decline in bottom-line performance came despite higher revenue during the period.
Revenue from operations rose 9% year-on-year to ₹1,794 crore in Q4 FY26, compared to ₹1,653 crore reported in the same quarter last year, reflecting steady business growth across its key segments.
At the operating level, EBITDA fell 36% to ₹271 crore from ₹423 crore in the year-ago quarter. The company’s EBITDA margin also contracted significantly to 15.1% from 25.6% a year earlier, indicating higher costs and pressure on operational efficiency.
The sharp decline in margins weighed on overall profitability, resulting in a substantial drop in quarterly earnings despite the increase in revenue.
At the time of writing, BEML shares were trading over 7% lower as investors reacted to the company’s subdued quarterly performance.
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