BEML Ltd – Q1 FY26 Financial & Business Highlights

• Revenue from operations: ~₹634 crore, almost unchanged YoY from ~₹634 crore in Q1 FY25. • Total expenses: ~₹713 crore, up slightly (~0.4%) YoY. • Net loss (PAT): ~₹64.11 crore, narrowed from ~₹70.47 crore a year ago. • Earnings per share (EPS): ~-₹15.40, improved from ~-₹16.90 YoY. • Profit Before Tax (PBT): ~-₹70.28 crore vs ~-₹75.38 crore a year ago. • Order book: Strong orders in hand of ~₹14,429 crore. New orders secured ~₹435 crore in the quarter. Strategic / Operational Notes • Losses are narrowing, indicating modest improvement in cost management. • Revenue stagnated, as there was essentially no growth in topline. • The company is active in defence, infrastructure, mining, rail/metro, and heavy equipment segments. • There are recent reports of possible upgradation from Miniratna to Navratna status, which if approved would grant BEML more autonomy. Conclusion BEML is still running at a loss in Q1 FY26, but the narrowing of losses is a positive sign. Revenue being flat suggests demand is stable but not growing; improving order book and new contracts provide visibility ahead. Upgrading to Navratna status could be a favourable development. For investors, the path to profitability will depend on scaling revenue, reducing costs further, and executing existing and new orders efficiently.