P Dwarakanath, CMD of BEML sees lot of traction in the mining space and increased visibility on Metro orders, on which the company is heavily booked.
BEML's current orders give revenue visibility till FY19-20 and the company is expected to report profits for FY16, says P Dwarakanath, CMD of the company.
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The management believes Indian Railways will start improving significantly November onwards though Q3 is likely to remain muted.
BEML‘s total income for first quarter of FY14 was up 41.4 percent at Rs 598 crore against Rs 423 crore year-on-year. It is banking on mining equipment and rail business to turn EBITDA positive in the September quarter.
BEML posted quarter ended March results on May 29. It reported a net profit of Rs 85.35 crore as compared to a net loss of Rs 13.99 crore in the corresponding quarter last fiscal.
A day after V R S Natarajan was suspended, BEML today said its seniormost Director P Dwarakanath has been given the additional charge as its Chairman and Managing Director (CMD).