Subject: BEML Ltd. Q1 Earnings Update: Robust Top-line Growth and Return to Positive Operating Earnings

Key Financial Highlights (Q1 YoY) Revenue from Operations: Surged 29.3% to ₹820 crore, up from ₹634 crore in the year-ago quarter. Total income for the period stood at ₹821.2 crore. Operating Performance (EBITDA): The company achieved a positive EBITDA of ₹3 crore, a sharp recovery from an EBITDA loss of ₹49 crore in the same quarter last year. EBITDA margins consequently turned positive, registering at 0.4%. Bottom Line: Consolidated net loss narrowed substantially to ₹27 crore, an improvement from a ₹64 crore loss a year earlier. Pre-tax losses also reduced to ₹33.7 crore from ₹70.3 crore. Cost Dynamics & Margins While total expenses increased to ₹854.9 crore, the company demonstrated disciplined cost management in key areas. Employee benefit expenses declined to ₹202.6 crore (from ₹209.4 crore), partially offsetting the rise in material costs (₹428.6 crore) and elevated finance and depreciation charges. Strategic & Corporate Developments Asset Management: The company reported that its subsidiary, Vignyan Industries, remains under voluntary liquidation. Furthermore, BEML maintains advances totaling ₹80.9 crore related to the MAMC asset acquisition process, with recoverability contingent upon the eventual realization of the acquired assets. Leadership Appointment: The Board appointed Ms. Savitri Yadav as the new Company Secretary and Compliance Officer. Ms. Yadav brings over 17 years of extensive experience in corporate law and SEBI regulations, strengthening the firm's compliance framework. Market Reaction Despite some intraday volatility, BEML shares demonstrated resilience following the earnings announcement, recovering from daytime lows to trade 1.8% higher at ₹1,756.1. The stock's current trajectory reflects cautious market optimism regarding the PSU's operational turnaround and narrowing losses.