BEML Limited — Investor Meet, 23-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

BEML's Q3 revenue grew 24% YoY, but profit dipped due to an INR 80 Cr provision for a metro project. Current order book stands at INR 16,300 Cr, expected to cross INR 20,000 Cr by year-end.

The company is investing INR 1,500 Cr in a new Bhopal rolling stock plant to boost capacity by 300 cars/year initially, funded by debt. Diversifying into Tunnel Boring Machines, Maritime Cranes, and underground mining equipment. Defense and Rail/Metro have strong pipelines, while Mining orders are expected to pick up. Management expresses long-term confidence.