NEW DELHI: BEML on Wednesday reported a loss of Rs 160.34 crore for June quarter against Rs 85.13 crore loss in the corresponding quarter last fiscal.Revenue from operations for the quarter plunged 28 per cent to Rs 454.68 crore against Rs 631.66 crore in the last-year period.Total income of the PSU came in at Rs 459.33 crore, down 27.8 per cent against Rs 636.79 crore in the year-ago period.
BEML (formerly Bharat Earth Movers) is a public sector undertaking (PSU) for manufacture of rail coaches and spare parts and mining equipment.
It has partially disinvested and presently Government of India owns 54 per cent of total equity and rest 46 per cent is held by public, financial institutions, foreign institutional investors, banks, and employees.At 03:06 pm, shares of the company were trading 4.84 per cent lower at Rs 827 apiece on BSE.