L Limited (formerly Bharat Earth Movers Limited), a state-owned Miniratna defence PSU under the Ministry of Defence, announced its unaudited standalone and consolidated financial results for the third quarter ended December 31, 2025 (Q3 FY2026). Key Financial Highlights (Consolidated, YoY): Revenue from operations rose 23.7% to ₹1,083.27 crore from ₹875.77 crore in Q3 FY2025, reflecting strong growth in business execution, particularly in defence and related segments. Net profit/loss turned to a consolidated net loss of approximately ₹22.38–22.4 crore, compared to a net profit of ₹24.41 crore in the same quarter last year. Total expenses surged significantly to around ₹1,112–1,113 crore (up ~31% YoY), driven by higher material costs, other expenses, and operational pressures, which outweighed revenue gains and nearly wiped out operating profit (EBITDA down ~94% to ~₹4 crore). The shift to loss was primarily due to rising costs, despite solid topline momentum. Standalone figures showed a similar trend, with a loss of around ₹23 crore versus a loss or marginal profit in the prior year (variations noted across reports). Interim Dividend Declaration: The company's board declared an interim dividend of ₹2.50 per equity share (50% on a face value of ₹5 per share) for FY2025-26. The record date is set for February 13, 2026, meaning shareholders on record as of that date will be eligible for the dividend payout.