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BEML Board to Weigh Maiden Stock Split After Shares Rally

It aims to make shares more affordable for retail investors by boosting trading liquidity after posting robust quarterly earnings.

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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.