BEML Limited investor meet summary

Investor meet of 12 Dec 2025, summarised by AI from the filing.

BEML expects 20% revenue growth in FY26 and year-end order book of ₹20,000 cr plus, driven by Rail and Metro and Defense.

Key takeaways

1. Order book ₹16,300 cr, with 65% Rail and Metro, 30% Defense, 5% Mining.
2. Guidance 20% revenue growth achievable in FY26; 30% would be a challenge.
3. Change Rail and Metro contribution fell from 38% to 19% in FY24-25, but execution to ramp up from FY27.
4. Driver Rail and Metro and Defense to drive growth; mining flat at 3-5%.
5. Risk Mining demand depends on Coal India's changing acquisition model and MDO preferences.

Original filing on BSE

BEML Limited Q1 FY27 results

As filed: Revenue ₹820 cr (+29% year on year), EBITDA ₹2.0 cr, PAT −₹27.0 cr, EBITDA margin 0.2% (+797 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

• Q4 FY26: Revenue ₹1,794 cr (+9% year on year), EBITDA ₹272 cr (−36% year on year), PAT ₹180 cr (−38% year on year), EBITDA margin 15.1% (−1,000 bps). Score 49 of 100, In line with trend. Revenue growth was above the company's own trend; EBITDA and profit growth were below it. EBITDA margin fell 1000 bps year on year. Revenue grew on the previous quarter, against its usual seasonal pattern. Share price after the results: +1.5% in 27 days (Nifty 500: +2.0%).
• Q3 FY26: Revenue ₹1,083 cr (+24% year on year), EBITDA ₹3.6 cr (−94% year on year), PAT −₹22.4 cr (−193% year on year), EBITDA margin 0.3% (−663 bps). Score 20 of 100, Below trend. Revenue growth was well above the company's own trend; EBITDA and profit growth were well below it. EBITDA margin fell 663 bps year on year. Profit fell 147% from last quarter. Share price after the results: −5.3% in 28 days (Nifty 500: −4.0%).
• Q2 FY26: Revenue ₹839 cr (−2% year on year), EBITDA ₹73.0 cr (0% year on year), PAT ₹48.0 cr (−6% year on year), EBITDA margin 8.7% (+21 bps). Score 40 of 100, Below trend. Revenue growth was below the company's own trend; EBITDA and profit growth were in line with it. EBITDA margin rose 21 bps year on year. Tax rate 6%. Share price after the results: −20.5% in 30 days (Nifty 500: +0.7%).
• Q1 FY26: Revenue ₹634 cr (0% year on year), EBITDA −₹49.0 cr, PAT −₹64.0 cr, EBITDA margin -7.7% (+16 bps). Score 45 of 100, In line with trend. Revenue growth was in line with the company's own trend. EBITDA margin rose 16 bps year on year. Revenue fell 62% from last quarter. Share price after the results: +5.3% in 30 days (Nifty 500: +2.8%).
• Q4 FY25: Revenue ₹1,653 cr (+9% year on year), EBITDA ₹423 cr (+14% year on year), PAT ₹288 cr (+12% year on year), EBITDA margin 25.6% (+109 bps). Score 71 of 100, Above trend. Revenue and EBITDA growth were above the company's own trend; profit growth was in line with it. EBITDA margin rose 109 bps year on year. Revenue grew on the previous quarter, against its usual seasonal pattern. Share price after the results: +28.0% in 28 days (Nifty 500: +2.0%).
• Q3 FY25: Revenue ₹876 cr (−16% year on year), EBITDA ₹61.0 cr (+7% year on year), PAT ₹24.0 cr (−50% year on year), EBITDA margin 7.0% (+152 bps). Score 22 of 100, Below trend. Revenue growth was well below the company's own trend. EBITDA margin rose 152 bps year on year. Profit fell 53% from last quarter.
• Q2 FY25: Revenue ₹860 cr (−6% year on year), EBITDA ₹73.0 cr (+18% year on year), PAT ₹51.0 cr (−2% year on year), EBITDA margin 8.5% (+173 bps). Score 28 of 100, Below trend. EBITDA margin rose 173 bps year on year. Other income 27% of PBT. Tax rate 7%. Not enough history for a trend yet: scored on growth alone.

Past price moves after results do not indicate future moves. Not a recommendation.

BEML Limited earnings call, investor presentation and press release summaries

• Q3 FY26: Earnings call (12 Feb 2026)
• Other events: Investor meet (10 Jun 2026), Investor meet (12 Dec 2025), Investor meet (16 Jun 2025)