BEML reports all-time record revenue from operations of Rs4,000Cr for FY22; stock gains ~1.5%

5 Apr 2022 , 01:20 PM

In its regulatory filing, BEML Limited informed the investors and exchanges that the company has achieved a record revenue from operation for the current fiscal year.

It stated that BEML has achieved all-time record revenue from operations of Rs4,000 crore for FY2021-22. However, the amount stated is provisional and not yet audited. So, the final outcome may differ.

Post this development, BEML’s stock marched upwards and is currently trading at Rs1800, adding 1.41% against the previous close of Rs1,775.10 on NSE. It hit the intraday high of Rs1,848 and the intraday low of Rs1,792.55 so far in the day.

Earlier in Feb, BEML has also announced an interim dividend of Rs5 per share of Rs10 each for the current financial year.