BEML reported net loss
BEML reported net loss of Rs 39.44 crore in first quarter ended June 2012, compared with net profit of Rs 15.87 crore in first quartere ended June 2011.
BEML's net sales declined 25.1% to Rs 413.91 crore in first quarter ended June 2012 over first quarter of previous year. BEML operates under three major business verticals - viz. mining & construction, defence and rail & metro. Additionally there are three Strategic Business Units (SBUs): technology division for providing end-to-end engineering solutions, trading Division for dealing in non-company products and international business division for export activities.