BEML Announces ₹15.50 Dividend Per Share During Strong Q4 Performance

Image Source: Good Returns

BEML Ltd has declared a final dividend of ₹15.50 per share, after registering a strong Q4 FY24 financial performance. The company registered a 62.85% YoY rise in net profit, led by increased revenue and better operational efficiency.

Dividend Announcement & Shareholder Returns

BEML's board has recommended a final dividend of ₹15.50 per share, a 155% payout on paid-up share capital.
The dividend is in line with the company's robust financial performance, which strengthens investor confidence.

Q4 Financial Performance & Profit Growth

Net profit rose 62.85% YoY to ₹256.8 crore, from ₹157.7 crore in Q4 FY23.
Revenue from operations increased 9% YoY to ₹1,513.65 crore, driven by robust demand for defense and infrastructure equipment.

Market Expansion & Order Book Growth

BEML's order book was at ₹11,872 crore, up 38.5% from last year.
The firm bagged a ₹3,177 crore order from Bangalore Metro Rail Corporation, consolidating its urban infrastructure presence.

Stock Performance & Investor Sentiment

BEML's stock jumped 13% intraday to ₹3,636 on the BSE, led by healthy Q4 numbers and dividend payout declaration.
The shares of the company have returned 129% over the last one year, making it among the best PSU stock performers.

Future Outlook & Strategic Investments

BEML is further developing its defense and aerospace verticals based on government-supported initiatives.
The company is upbeat about long-term growth, keeping indigenization and infrastructure initiatives in focus.

This robust bottom-line performance underlines BEML's resilience, strengthening its leadership in the defense and infrastructure business.

Sources: ET Now, GoodReturns, Business Standard