BEML Q2 net profit up 4% at Rs 15.3 cr

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BEML Q2 net profit up 4% at Rs 15.3 cr

BEML has reported a net profit of Rs 15.3 crore in the second quarter of FY12, a growth of 4% as compared to Rs 14.7 crore in the corresponding quarter of last fiscal.

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BEML has reported a net profit of Rs 15.3 crore in the second quarter of FY12, a growth of 4% as compared to Rs 14.7 crore in the corresponding quarter of last fiscal.

Net sales jumped 55.6% to Rs 792 crore in the July-September quarter of FY12 versus Rs 509 crore in the same period of FY11.

Total expenditure shot up 53% to Rs 770 crore from Rs 503 crore year-on-year.

In the second quarter,

The company has signed technical tie-up with Vosta LMG, Netherlands.

BEML has received orders worth Rs 230 crore for its mining equipment.

The company forayed into Thailand for export of mining equipments