Nature of the Event

BEML Limited submitted its Standalone and Consolidated Unaudited Financial Results for the first quarter ended 30.06.2026 to the stock exchanges, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were approved by the Board of Directors at its 422nd meeting held on 07.08.2026, which commenced at 09:30 hours and concluded at 12:00 hours.

Key Financial Figures (Standalone)

  • Total Income: ₹81,962 lakhs (₹819.62 crore) for Q1 FY27
  • Profit/(Loss) before tax: Loss of ₹3,396 lakhs (₹33.96 crore) for Q1 FY27, compared to a profit of ₹24,482 lakhs in Q4 FY26 and a loss of ₹7,008 lakhs in Q1 FY25
  • Net Profit/(Loss) for the period: Loss of ₹2,726 lakhs (₹27.26 crore) for Q1 FY27, compared to a profit of ₹17,932 lakhs in Q4 FY26 and a loss of ₹6,391 lakhs in Q1 FY25
  • Total Comprehensive Income: Loss of ₹2,890 lakhs for Q1 FY27
  • Earnings Per Share (EPS): Basic and diluted EPS of (₹3.27) for Q1 FY27
  • Equity Share Capital: ₹4,164 lakhs
  • Reserves: ₹2,81,889 lakhs
  • Net Worth: ₹2,86,066 lakhs
  • Debt Equity Ratio: 0.19

Key Financial Figures (Consolidated)

  • Total Income from Operations: ₹81,962 lakhs (₹819.62 crore) for Q1 FY27
  • Profit/(Loss) before tax: Loss of ₹3,371 lakhs (₹33.71 crore) for Q1 FY27
  • Net Profit/(Loss) for the period: Loss of ₹2,701 lakhs (₹27.01 crore) for Q1 FY27
  • Total Comprehensive Income: Loss of ₹2,865 lakhs for Q1 FY27
  • Earnings Per Share (EPS): Basic and diluted EPS of (₹3.24) for Q1 FY27
  • Equity Share Capital: ₹4,164 lakhs
  • Reserves: ₹2,84,353 lakhs
  • Net Worth: ₹2,88,530 lakhs
  • Debt Equity Ratio: 0.18

Notes and Additional Disclosures

1. Governance: There are currently no independent directors on the Board of BEML, and consequently, the Audit Committee has not been constituted. The results were reviewed and recommended by the Committee of Functional Directors on 06.08.2026 and approved by the Board on 07.08.2026.

2. Audit: A limited review of the financials was conducted by the statutory auditors, G. Natesan & Co., who issued limited review reports for both standalone and consolidated results.

3. Segment Information: Exemption has been granted by the Ministry of Corporate Affairs (MCA) from publishing segment-wise information.

4. Subsidiary Status: Voluntary liquidation of Vignyan Industries Ltd (96.56% subsidiary) is under process as per CCEA approval dated 8th September 2021.

5. MAMC Consortium Advance: The company has advanced ₹7,467.50 lakhs (₹74.68 crore) to the MAMC consortium formed with Coal India Ltd (CIL) and Damodar Valley Corporation (DVC) for acquiring specified assets of Mining & Allied Machinery Corporation Ltd (under liquidation). BEML's share in the consortium is 48%.

6. MAMC Industries Ltd Advance: The company has advanced ₹624.01 lakhs (₹6.24 crore) to its subsidiary MAMC Industries Ltd (MIL), which was formed for the intended JV formation.

7. Previous Period Figures: Figures for the quarter ended March 2026 are balancing figures between audited annual figures and published figures up to Q3 FY26. Previous period figures have been regrouped and reclassified for comparability.

Auditor Emphasis of Matter

The auditors emphasized two matters:

  • The absence of independent directors and consequently no Audit Committee
  • The recoverability of advances to the MAMC consortium (₹74.68 crore) and MAMC Industries Ltd (₹6.24 crore) depends on the sale/realization of assets acquired from MAMC (under liquidation), the value and timing of which are presently not ascertainable

The auditors' conclusion was not modified in respect of these matters.

Subsidiaries Included in Consolidation

  • Vignyan Industries Ltd (96.56% shareholding, under liquidation)
  • MAMC Industries Ltd (100% shareholding)