BEML Ltd
BEML Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management said on revenue, margins and capex.
The short version
Management projects a 20% growth in revenue for FY26, considering 30% growth a challenge but 20% achievable. Management expects a 20% growth in FY26, considering 30% growth as challenging but 20% achievable.
From BEML Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- Management projects a 20% growth in revenue for FY26, considering 30% growth a challenge but 20% achievable.
- Rail and Metro, and Defense are identified as the main growth drivers over the next few years.
- Rail and Metro revenue is expected to see a quantum jump next year with multiple metro projects ramping up between FY26-27 to FY27-28.
- Defense revenue grew nearly 100% last year; it is expected to grow 70-80% this year with bulk production of new systems starting next year.
- Mining growth is expected to be modest at 3-5% per annum, with challenges from shifting acquisition models and dependency on Coal India.
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Profitability & Margins
Read what BEML Ltd said on margins in the Q2 FY26 call
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Capital Expenditure Plans
- The management discussed a strategic move into the maritime crane segment, which is a new area leveraging existing competencies in sheet metal, fabrication, hydraulics, and powerline.
- They plan a graded approach starting with existing facilities, contract manufacturing, and technology transfer (TOT), ultimately moving to a waterfront location due to transportation needs of cranes.
- This maritime crane business is expected to take 4-5 years to mature and could generate revenue of around Rs. 4,000-5,000 crore annually.
- There is also ongoing collaboration with partners like Tesmec (Italy) for high-end mining equipment, signaling potential strategic investment in mechanized surface and underground mining sectors.
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Order Book & Pipeline
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BEML Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q3 FY26): revenue ₹1.1K Cr, net loss ₹22 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What BEML Ltd's management said in earlier quarters
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Frequently Asked Questions
What were BEML Ltd Q2 FY26 results?
Management projects a 20% growth in revenue for FY26, considering 30% growth a challenge but 20% achievable. Management expects a 20% growth in FY26, considering 30% growth as challenging but 20% achievable.
What is BEML Ltd share price analysis?
BEML Ltd currently shows a neutral. The stock trades at a P/E of 91.9 with a market cap of ₹16,397 Cr. Investors should review the full earnings analysis for detailed insights.
Is BEML Ltd planning capital expenditure?
The management discussed a strategic move into the maritime crane segment, which is a new area leveraging existing competencies in sheet metal, fabrication, hydraulics, and powerline. - They plan a graded approach starting with existing facilities, contract manufacturing, and technology transfer (TOT), ultimately moving to a waterfront location due to transportation needs of cranes. - This maritime crane business is expected to take 4-5 years to mature and could generate revenue of around Rs.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.