BEML has reported contrasting financial results for the third quarter, with strong revenue growth overshadowed by a dramatic decline in profitability metrics. The defense and heavy equipment manufacturer posted revenue of ₹11 billion compared to ₹8.8 billion in the same quarter of the previous year, representing a substantial 25% increase in top-line performance.

However, the company's operational efficiency deteriorated significantly, with EBITDA plunging to ₹36 million from ₹604 million in the corresponding quarter of the previous year. The company also reported a net loss of ₹227 million for the third quarter, marking a significant reversal from the net profit of ₹248 million recorded in the same period last year.

Financial Performance Overview

The quarterly results highlight the challenges facing BEML despite revenue expansion, with profitability metrics showing severe contraction across key parameters.

EBITDA Performance Analysis

The most striking aspect of BEML's quarterly performance was the sharp deterioration in EBITDA, which collapsed by 94% year-over-year. The EBITDA margin contracted dramatically from 6.9% to just 0.33%, indicating severe operational challenges despite the revenue growth.

Revenue Growth Amid Margin Pressure

While BEML successfully expanded its revenue base by 25%, the company faced significant margin compression. The growth from ₹8.8 billion to ₹11 billion demonstrates strong market demand for the company's defense and heavy equipment products, but operational inefficiencies have severely impacted profitability.

Bottom Line Impact

The combination of reduced EBITDA and operational challenges resulted in a net loss of ₹227 million, representing a total negative swing of ₹475 million from the previous year's profit of ₹248 million. This performance indicates that increased operational costs and expenses have more than offset the benefits of higher sales volumes.

BEML Limited has announced a revision to its previously declared record date for interim dividend eligibility. The company has moved the record date to February 13, 2026, from the earlier announced date of February 9, 2026, as communicated to stock exchanges on February 4, 2026.

Board Meeting Schedule

The board meeting remains scheduled for February 6, 2026, to consider crucial financial matters for the third quarter of FY 2025-26:

Revised Dividend Record Date

The company has updated the record date parameters following regulatory compliance under Regulation 42:

Shareholders holding shares on the revised record date will be eligible for the interim dividend, if declared by the board during the scheduled meeting.

Regulatory Compliance

The record date revision has been communicated to both NSE and BSE in compliance with regulatory requirements. The company secretary Urmi Chaudhury has digitally signed the communication, ensuring proper documentation of the change.

Trading Window Status

BEML Limited continues to maintain trading window restrictions in accordance with regulatory requirements, with the window remaining closed until 48 hours after the board meeting conclusion on February 6, 2026.

BEML Limited operates as a Schedule 'A' company under the Ministry of Defence, Government of India, with diversified business segments spanning Defence & Aerospace, Mining & Construction, and Rail & Metro sectors.