This small-cap PSU stock rises over 13% on higher Q4 net profit and robust orderbook; check details

BEML Ltd saw strong traction today, rising over 13% intraday and was among the top gainers in the NIFTY Smallcap 100 index. The stock saw strong buying following the fourth quarter results announcement last week.

The company reported robust quarterly earnings growth, with its net profit rising 12% YoY to ₹287.5 crore compared to ₹257 crore profit in the same period last year. State-owned heavy equipment maker’s revenue from operations stood at ₹1,652.5 crore, compared to ₹1,514 crore in Q4 FY24.

Higher profitability was mainly due to healthy performance across segments and margin expansion due to improved cost controls. The total order book of the company stood at ₹14,610 crore at the end of the March quarter.

Despite upbeat quarterly earnings, BEML has deferred the declaration of the final dividend as the company has recently announced a second interim dividend of ₹15 per share on May 9, with a record date on May 15. Earlier, the company announced interim dividend of ₹5 per share on February 14.

BEML is a government-owned heavy equipment manufacturer. The company mainly caters to the mining and construction industry, and makes vehicles forthe defence sector as well as railways coaches.

As of 2:00 pm, BEML shares are trading over 13% higher at ₹4,210 per share on NSE, with a day high of ₹4,235 per share and a day low of ₹3,697.40. So far this month, BEML stock has delivered a nearly 32% return to its shareholders.