India's BEML drops on posting quarterly loss

BEML

06/02/2026 10:02

** Shares of BEML BEML.NS fall as much as 10% to 1570 rupees, hitting its lowest since May 12, 2025

** Railways and defence engineering firm posts consol loss of 223.8 million rupees ($2.5 million) for Q3, comapred to profit of 244.1 million rupees a year earlier

** A 31% jump in expenses more than offset a 24% rise in revenue

** More than 1.7 mln shares change hands, 6x its 30-day avg

** Stock last down 6.6%, taking YTD losses to 12%

($1 = 90.6500 Indian rupees)

(Reporting by Nishit Navin in Bengaluru)

((nishit.navin@thomsonreuters.com))