BEML Limited (500048) Q4 00/01 earnings summary

Executive summary

• FY2000-01 sales were Rs 134,740.03 lakh, up 2.30% YoY; value of production rose 3.81% to Rs 134,317 lakh.

• Pre-tax profit was Rs 1,064.71 lakh and profit after tax Rs 599.71 lakh; a 10% dividend was recommended.

• Lower profits reflected wage-settlement arrears and voluntary-retirement costs, partly offset by lower interest expense and cost-control measures.

Financial highlights

• Sales were Rs 134,740.03 lakh vs Rs 131,708.84 lakh; other income was Rs 2,525.39 lakh vs Rs 3,105.67 lakh.

• PBT fell to Rs 1,064.71 lakh from Rs 2,359.75 lakh; PAT was Rs 599.71 lakh vs Rs 1,459.75 lakh.

• Employees’ remuneration and benefits increased to Rs 36,662.27 lakh from Rs 26,348.66 lakh, including wage arrears and VRS costs.

• Interest expense declined to Rs 3,120.02 lakh from Rs 6,399.45 lakh.

Outlook and guidance

• Carry-forward orders stood at Rs 108,690 lakh; a multicrore walking dragline was scheduled for commissioning at Dudichua, with two further NCL draglines planned in subsequent years.

• Planned road-building products included vibratory compactors, crushing equipment, batching plants and asphalt pavers for infrastructure projects.

• Development plans included disaster-management equipment with TIFAC and higher-capacity loaders and excavators; FY2001-02 Vignyan order book was described as comfortable.