BEML Ltd Q1 FY27 Results Analysis: Revenue Surges 29%, Order Book Stays Elevated

Cofacto Research Updated August 07, 2026 2 min read

Positive

BEML Ltd's Q1 FY27 numbers came in strong. Here's a quick read of what worked, what to watch, and what management said.

Quick Details

Results date	August 07, 2026
Quarter	Q1 FY 2026-2027
Revenue (Q1)	Rs. 819.62 Cr (+29.28% YoY)
PAT (Q1)	Rs. -27.26 Cr
EBITDA margin	0.26% (+783 bps YoY)
EPS (Q1)	Rs. -3.27
Market cap	Rs. 14,948.65 Cr
CMP	Rs. 1,795.00

Quarter Snapshot

BEML delivered strong revenue growth of 29% YoY, its best Q1 in recent years, and EBITDA turned positive from a loss a year ago. The order book of Rs.16,700 Cr provides revenue visibility, but EBITDA margin at 0.26% remains far from the 16% target, and governance concerns persist with no independent directors on the board.

Key Investment Insights

Key Positives

Revenue grew 29.28% YoY to Rs.819.62 Cr, the strongest Q1 growth in recent years.
EBITDA turned positive at Rs.2.13 Cr vs loss of Rs.48.01 Cr in Q1 FY26.
PAT loss narrowed from Rs.63.91 Cr to Rs.27.26 Cr, a 57% improvement.
Order book of ~Rs.16,700 Cr provides strong revenue visibility.
Debt/equity improved from 0.26 to 0.19.

Risk Factors

EBITDA margin of 0.26% remains far from management's 16% sustainable target.
Finance costs rose 41.39% YoY to Rs.13.87 Cr.
Interest service coverage ratio remained negative at -1.45.
Board composition non-compliance persists with no independent directors.