Overview
- BEML’s board is set to meet on July 21 to consider its first-ever subdivision of equity shares under the Companies Act.
- Shares jumped as much as 6% to ₹4,425 on July 14 in anticipation of the potential liquidity boost.
- The company reported a 12% rise in net profit to ₹287.5 crore and a 9.1% increase in revenue to ₹1,652.5 crore for the quarter ended March 31, 2025.
- In early July, BEML secured two export contracts worth $6.23 million, supplying heavy-duty bulldozers to the CIS region and a motor grader to Uzbekistan.
- Management expects the split to expand outstanding shares and lower per-share prices to broaden retail investor participation.