State-owned Bharat Earth Movers Limited (BEML) has announced a second interim dividend of Rs. 15 per equity share (150%) on a face value of Rs. 10 for the financial year 2024–25. The record date for the dividend has been fixed as May 15, 2025, according to the company’s exchange filing on May 9. In comparison, BEML had declared a total dividend of Rs. 35.50 per share in the previous fiscal year.
While the dividend announcement signals positive shareholder returns, the company’s December quarter results reflect weak operational performance. BEML’s net profit dropped significantly to Rs. 24.4 crore, nearly half of the Rs. 48.2 crore reported in the same quarter last year.
Revenue also declined by 16.3% to Rs. 876 crore, down from Rs. 1,047 crore a year ago. However, operating performance was supported by lower costs. The company’s EBITDA rose 8% year-on-year to Rs. 60.6 crore, and margins improved to 7% from 5.4%, aided by a reduction in other expenses and employee benefit costs.
Despite the interim dividend declaration, BEML shares have declined over 26% so far this year. On Friday, however, the stock traded 0.82% higher at Rs. 3,038.60.
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