BEML has reported results for first quarter ended June 30, 2016.
The company has reported a net loss of Rs 107.10 crore for the quarter ended June 30, 2016 as compared to a net loss of Rs 68.10 crore for the same quarter in the previous year. Total income of the company decreased by 49.70% to Rs 300.52 crore for the quarter under review from Rs 597.49 crore for the corresponding quarter of the 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.
