BEML Ltd Reports Strong Quarter with 125% Growth in PAT, Cash Reserves Decline

BEML Ltd, a midcap company in the engineering and industrial equipment industry, recently announced its financial results for the quarter ending March 2024. The results, declared on August 5, 2024, have received a 'Hold' call from MarketsMOJO.

According to the financials, BEML Ltd has shown positive performance in the quarter, with a score of 10 compared to 17 in the previous 3 months. The company's Profit After Tax (PAT) for the half-yearly period has seen a significant growth of 125.36% year on year, standing at Rs 186.33 crore. This trend in PAT is a positive sign for the company.

In addition, the company's PAT for the half-yearly period is higher at Rs 186.33 crore compared to the preceding 12 months ended June 2024, which was Rs 182.67 crore. This indicates that in just half a year, BEML Ltd has already surpassed its PAT for the entire previous year.

However, the company's Cash and Cash Equivalents for the half-yearly period is at its lowest in the last six periods, standing at Rs 8.86 crore. This shows a deterioration in short-term liquidity for the company.

Overall, BEML Ltd has shown a positive financial performance in the quarter ending March 2024, with a significant growth in PAT. However, the company's short-term liquidity has seen a decline. Investors are advised to hold their stocks in BEML Ltd for now, as per MarketsMOJO's recommendation.