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BEML reports net loss of Rs 16.60 crore in Q2

25 Nov 2016 Evaluate

BEML has reported results for second quarter ended September 30, 2016.  

The company has reported a net loss of Rs 16.60 crore for the quarter under review as compared to a net loss of Rs 24.62 crore for the same quarter in the previous year. Total income of the company decreased by 32.43% at Rs 462.31 crore for the quarter under review as compared Rs 684.21 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.

Peers
Company Name CMP
BEML 2005.85
Action Const. Equip 1249.95
Sanghvi Movers 411.65
TIL 241.00
Brady & Morris Engg. 675.00
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