BEML profit narrows to Rs 98 cr in June quarter

BEML Ltd on Friday reported narrowing of its consolidated profit to Rs 98.21 crore for the quarter ended June 30. The company had posted a consolidated profit of Rs 162.56 crore in the year-ago period, BEML Ltd said in a filing to the BSE.

Its consolidated income during June 2019 quarter increased to Rs 589.10 crore, compared with Rs 457.91 crore a year ago. BEML Ltd serves core sectors such as defence, rail, power, mining and infrastructure. The company operates under three major business verticals -- mining and construction, defence, and rail and metro.