BEML LTD - QTRLY RESULTS - Q3 FY 2012 - 3RD Q /E DEC,2011 - NET SALES DOWN BY 13%YoY; NPT DOWN 20.45% YoY;

BEML Limited

NSE Symbol        BEML

BEML LTD has declared its Results for the 3^rd qtr ending Dec,2011.

Net Sales stands at Rs.574.50 cr – down by -27.51% from Q2 FY 12; and down by  -12.71% from Q3 FY 11.

Raw Materials stand at Rs.438.38 Cr in Q3 FY 12 –down by -19.48% from Q2 FY 12  and up by  24.96% from Q3 FY 11.

Total Expenditure stands at Rs.520.10 cr – down by -32.46% from Q2 FY 12 and down by -13.64% from Q3 FY 11.

Profit from Operations  stands at Rs.54.40 cr in Q3 FY 12 -  compared to Rs.22.42 cr in Q2 FY 12 (Up by a huge 142.6%) and compared to Rs.55.90 cr in Q3 FY 11 (down by -2.68%).

Other Income at Rs.15.22 cr is less by -10.21% from Q2 FY 12 and less by -34.62% from Q3 FY 11.

Interest    expense at Rs.22.87 cr is less by -1.21% from Q2 FY 12 and up by 59.93% from Q3 FY 11.

Profit before tax at Rs.46.99 is higher by 138.9% from Q2 FY 12 and down by -31.61% from Q3 FY 11.

Tax expense at Rs.6.92 cr – is higher by 58.35% from Q2 FY 12 but down by -62.27% from Q3 FY 11.

Net Profit amounts to Rs.40.07 cr – compared to Rs.15.30 cr in Q2 FY 12 (Up by 161.9%) and Rs.50.37 cr in Q3 FY 11 (down by -20.45% from Q3 FY 11).

On a Face Value of Rs.10 - Basic EPS  stands at Rs.9.62 in Q3 FY 12; Rs.3.67 in Q2 FY 12; Rs.3.81 in Q1 FY 12; Rs.16.87 in Q4 FY 11; and Rs.12.1 in Q3 FY 11. The EPS is highly fluctuating for BEML – as can be seen from this. However, annual EPS may be around Rs.26.72.

The current Market Price amounts to Rs.523.95 – and the 52 week high price amounts to Rs.961, while the 52 week low price is Rs.411.70.

The PE Ratio amounts to 19.61

RESULTS TABLE :

BEML	31-Dec-11	30-Sep-11	%DIF1	30-Jun-11	31-Mar-11	31-Dec-10	%DIF2
Net Sales	57450	79247	-27.51	55391	93607	65818	-12.71
Increase in SIT/WIP	-21379	-8362	155.7	-765	4565	1462	-1562.31
Raw Materials	43838	54445	-19.48	30518	51967	35083	24.96
Traded Goods	208	5	4060	785	1366	968	-78.51
Employees Cost	16343	17665	-7.48	15161	26691	14375	13.69
Depreciation	1018	1048	-2.86	981	959	806	26.3
Other Expenditure	11982	12204	-1.82	7531	12769	7534	59.04
Total Expenditure	52010	77005	-32.46	54211	98317	60228	-13.64
Profit from Operations	5440	2242	142.6	1180	-4710	5590	-2.68
Other Income	1522	1695	-10.21	1519	15161	2328	-34.62
Interest	2287	2315	-1.21	1539	1760	1430	59.93
Exceptional Items7	-24	-345	-93.04	-979	383	-383	-93.73
Profit before tax	4699	1967	138.9	2139	8308	6871	-31.61
Tax expense	692	437	58.35	552	1283	1834	-62.27
Net Profit	4007	1530	161.9	1587	7025	5037	-20.45
Face Value (In Rs	10	10	0	10	10	10	0
Paid Up Equity	4164	4164	0	4164	4164	4164	0
Basic EPS	9.62	3.67	162.1	3.81	16.87	12.1	-20.5
Public Holding (%)	45.97	45.97	0	45.97	45.97	45.97	0

 *  *  *   E  N  D  *  *  *