BEML Nets 36.36 Cr PBT IN Q-1

Bangalore, July 30 (UNI) Public Sector 'Miniratna'-- Bharat Earth Movers Limited, has achieved a total sales of Rs.421.78 crore during the quarter ending June 30, as against Rs.369.59 crore for the corresponding period last year.

The profit before tax was at Rs.36.36 crore a 56 percent increase compared to Rs.23.31 crore of last year. As far as first quarter results are concerned, PAT would be Rs.23 crore against Rs.15.01 crores for the same period with 57 per cent increase over the last year.

The Company has Rs.1621 crore worth of order book as of the end of first quarter of FY 2007-08 and expected to achieve a turnover of Rs.3000 crores for the current financial year, a company release said here today.

The Company achieved Rs.13 crore of exports in first quarter as against Rs. eight crore in the same period of last year. It company had recorded an export turnover of Rs.110.73 crore last year and has set a target of Rs.150 crore for the current year.

BEML, as part of realising its Corporate Vision 2013-14 to achieve Rs.5000 crore turnover to coincide its Golden Jubilee Year, has set itself for diversification in various fields of its business and set to score in technology, trading, mining businesses and recently launched 'BEML Oil' with business tie-up with M/s.Nandan Petrochem to market the lubricant for the machineries of heavy equipments.

Besides, the company has also launched a Joint Venture company at Hyderabad with M/s. Midwest for contract mining business. With coal, mineral and non-coal business getting opened out, this will add continuous&great value to BEML business.

UNI