New Delhi: Bharat Earth Movers Limited (BEML), a leading indigenised heavy equipment manufacturer and Schedule ‘A’ PSU under the Ministry of Defence, has reported strong operational and financial performance for the first quarter of FY 2026–27.
The defence PSU recorded Revenue from Operations of ₹820 crore, registering a 29% growth over the corresponding quarter of the previous year. The financial results were announced by BEML Chairman and Managing Director Shantanu Roy.
The company also recorded significant improvement in operational performance, with its Value of Production (VoP) reaching ₹777 crore, representing a 16% year-on-year growth.
BEML Revenue Grows 29% in Q1 FY27
BEML’s Revenue from Operations stood at ₹820 crore in Q1 FY27, marking a 29% increase compared with the corresponding quarter of FY26.
The company attributed the performance to improved execution across its key business verticals and sustained operational momentum.
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The growth comes as BEML continues to serve critical sectors including Defence, Rail & Metro, Mining and Construction, with a diversified product portfolio spanning heavy equipment and specialised systems.
The company’s Value of Production also rose to ₹777 crore, registering a healthy 16% growth over the year-ago period.
BEML Returns to Positive EBITDA After 10 Years
One of the major highlights of BEML’s Q1 performance was its return to positive EBITDA of ₹3 crore.
According to the company, this marks its first positive quarterly EBITDA in the last 10 years.
The turnaround in quarterly EBITDA reflects BEML’s focus on improving operational efficiency, enhancing productivity and strengthening its underlying business fundamentals.
The company said the achievement represents an important milestone in its ongoing efforts to improve its financial and operational performance.
Order Inflow Jumps 172% Year-on-Year
BEML also witnessed a sharp increase in new order inflows during the quarter.
The company secured orders worth ₹1,181 crore in Q1 FY27, compared with ₹435 crore during the corresponding quarter of FY26. This represents a significant 172% year-on-year growth in order inflow.
The new orders were spread across BEML’s major business segments, reflecting demand for its products and solutions across multiple strategic sectors.
The sector-wise order inflow was:
- Mining & Construction: ₹589 crore
- Defence: ₹581 crore
- Rail & Metro: ₹11 crore
The strong order intake from Defence and Mining & Construction, in particular, highlights the diversified nature of BEML’s business portfolio.
Order Book Reaches ₹16,284 Crore
With the addition of new orders during the quarter, BEML’s total order book stood at ₹16,284 crore at the end of Q1 FY27.
The sizeable order book provides the company with substantial revenue visibility and a strong foundation for sustained business growth in the coming quarters.
The company said the healthy order pipeline, combined with improving operational performance, positions BEML to capitalise on emerging opportunities across its three major business verticals — Defence & Aerospace, Mining & Construction, and Rail & Metro.
Strong Demand Across Diversified Business Portfolio
BEML’s Q1 performance comes amid continued demand for heavy equipment and specialised products across India’s strategic and infrastructure sectors.
As a major PSU under the Ministry of Defence, BEML plays an important role in supporting India’s defence manufacturing ecosystem while also supplying equipment and systems to the Rail, Mining and Construction sectors.
Its diversified business model allows the company to participate in multiple segments, reducing dependence on any single market and creating opportunities for growth through both defence and civilian-sector requirements.
Six Decades of Manufacturing and R&D Legacy
BEML is a Schedule ‘A’ company under the Ministry of Defence and has a manufacturing legacy spanning around six decades.
The company operates through three principal verticals:
- Defence & Aerospace
- Mining & Construction
- Rail & Metro
BEML has state-of-the-art manufacturing facilities at Bengaluru, Kolar Gold Fields (KGF), Mysore and Palakkad.
The company also has an established research and development infrastructure and a nationwide sales and service network.
Over the years, BEML has developed and manufactured a wide range of earthmoving, transportation and construction equipment, along with specialised products for India’s defence and strategic sectors.
Q1 FY27 Performance at a Glance
- Revenue from Operations: ₹820 crore, up 29% year-on-year
- Value of Production: ₹777 crore, registering 16% growth
- EBITDA: ₹3 crore positive, marking the first positive quarterly EBITDA in 10 years
- Order Inflow: ₹1,181 crore, up 172% year-on-year from ₹435 crore
- Total Order Book: ₹16,284 crore at the end of Q1 FY27
- Mining & Construction Orders: ₹589 crore
- Defence Orders: ₹581 crore
- Rail & Metro Orders: ₹11 crore
Positioning for Sustained Growth
BEML’s latest quarterly performance combines higher revenue, improved production, a return to positive EBITDA and a substantial increase in order inflows.
The ₹16,284 crore order book provides the company with a strong pipeline of business, while the 172% rise in quarterly order inflows points to improving demand across its diversified operations.
With its established manufacturing capabilities, R&D infrastructure and presence across Defence, Rail & Metro and Mining & Construction, BEML is positioned to pursue emerging opportunities in India’s strategic and infrastructure sectors.
The return to positive quarterly EBITDA after a decade marks a particularly significant milestone for the defence PSU, signalling progress in its efforts to strengthen operational efficiency and business fundamentals.
About BEML Limited
BEML Limited is a Schedule ‘A’ Central Public Sector Enterprise (CPSE) headquartered in Bengaluru, Karnataka. The company is one of India’s leading manufacturers of defence equipment, mining and construction machinery, rail and metro rolling stock, and aerospace components. BEML plays a vital role in supporting India’s defence preparedness, infrastructure development and industrial growth, while serving customers in both domestic and international markets.
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