BEML has reported results for third quarter ended December 31, 2014.
The company has reported a net loss of Rs 11.42 crore for the quarter under review as compared to a net profit of Rs 5.51 crore for the same quarter in the previous year. Total income of the company decreased by 25.31% at Rs 591.45 crore for Q3FY15 as compared Rs 791.87 crore for the corresponding quarter previous year.
BEML, the brand name over a period of five decades, known for its huge Mining & Construction Equipment like Dozers, Excavators, Draglines, Rope Shovels, Pipe Layers etc., has not only maintaining major share in the domestic market, but also has sizeable presence in overseas markets.
