BEML FY26 revenue rises 8% to ₹4351 crore, order book hits record

BEML Limited reported a record order book of ₹15896 crore for FY26, driven by its highest ever export order book of $107 million, during an investor meet held on June 10, 2026. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company highlighted significant wins in Africa and West Asia, alongside a strategic shift in its revenue mix towards the Defence sector.

Financial Performance

For FY26, BEML reported revenue from operations of ₹4351 crore, an increase of 8% from the previous year. Profit after tax (PAT) stood at ₹148 crore, while EBITDA was recorded at ₹328 crore. The company noted a shift in revenue mix, with Defence revenue rising to 35% and Mining & Construction revenue decreasing to 41% of total operations.

Metric	FY26 (₹ Crs)	FY25 (₹ Crs)
Revenue from Operations	4351	4022
Profit After Tax	148	294
EBITDA	328	531
Order Book	15896	14610

Strategic Achievements

BEML outlined key accomplishments during FY25-26, including the handover of India's first indigenously designed 21 Cubic Meter Electric Rope Shovel to Coal India Limited and the commencement of manufacturing for High Speed Rail components. The company also inaugurated new warehousing facilities in Bengaluru and laid the foundation stone for a new Central Warehousing Centre at Bilaspur.

The Vande Bharat Sleeper Train, designed and developed by BEML, was dedicated to the nation by the Prime Minister of India on January 17, 2026. Additionally, the company rolled out a prototype of a new Driverless Metro Trainset for BMRCL's Phase-2 Network and secured its first export order for Metro Rolling Stock.

Outlook and Order Book

Management attributed the margin pressure in FY26 to one-time legacy corrections of approximately ₹250 crore and provisions for gratuity due to new labor codes. The company targets a sustainable EBITDA margin of 16%, with a break-even revenue estimated near ₹4000 crore. The order book composition has shifted, with Rail & Metro accounting for 65% and Defence for 25%. BEML aims to add ₹15000-16000 crore to the order book in the current financial year, targeting a closing balance of around ₹24000 crore, driven by opportunities in commuter rail, metro, and defence segments.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.23%	-3.30%	-4.46%	-6.38%	-21.28%	+228.05%

BEML has set an ambitious target of securing over $3.3 billion in orders during the current fiscal year, according to reports. The company is simultaneously pursuing expansion across several high-priority sectors, including rail, high-speed trains, and defense systems.

Strategic Order Target

The order target of over $3.3 billion underscores BEML's intent to significantly scale its business operations this fiscal year. The company's focus spans multiple growth verticals, positioning it to capture opportunities across both domestic and potentially broader markets.

Key Expansion Areas

BEML's expansion strategy is centered on three core segments, as outlined below:

Segment:	Focus Area
Rail:	Expansion in rail systems
High-Speed Trains:	Development and growth in high-speed train segment
Defense Systems:	Broadening presence in defense systems

These segments represent critical areas of infrastructure and national security investment, and BEML's push across all three reflects a diversified approach to order acquisition and business growth.

Outlook

With an order target exceeding $3.3 billion and a clear focus on rail, high-speed trains, and defense systems, BEML appears to be pursuing a multi-pronged strategy to strengthen its order book this fiscal year. The company's expansion plans across these segments highlight its commitment to capturing opportunities in both civilian infrastructure and defense procurement.