BEML Limited 
(A Government of India Undertaking)
          Registered Office :  BEML SOUDHA - 23/1, 4th Main, S.R. Nagar, Bangalore - 560 027.
UN-AUDITED FINANCIAL RESULTS FOR THE THIRD QUARTER/NINE MONTHS  ENDED DECEMBER 31, 2009
(Rs. in lakhs except EPS)
Sl. Particulars Three Months Corresponding Year to date Year to date Previous 
No. ended Three Months figures for figures for Accounting
  31/12/2009 ended in the  current  previous year year ended 
    Previous Year period ended  ended  31/03/2009
    31/12/2008 31/12/2009 31/12/2008  
  (Un-audited) (Un-audited) (Un-audited) (Un-audited) (Audited)
    (1) (2) (3) (4) (5)
             
1 Sales/Income from operations 89353 66001 205598 162429 301347
  Less: Value of Consortium supply 16999 0 33906 0 8257
    72354 66001 171692 162429 293090
  Less:  Excise Duty 2818 2716 7272 8963 13373
  Net Sales 69536 63285 164420 153466 279717
           
2 Expenditure:-          
      a. (Increase)/decrease in stock in trade  (9870) (455) (32448) (15538) (28072)
          and work in progress 0 0      
      b. Consumption of raw materials 48233 33504 119059 97950 177899
      c.  Purchase of traded goods 1350 4121 1681 4121 7190  
      d.  Employees  cost 13298 12561 40779 36913 56919
      e. Depreciation 784 613 2313 1792 2731
      f.  Other expenditure 8769 7741 24212 21156 31376
      g. Total 62564 58085 155596 146394 248043
3 Profit from Operations before Interest and Exceptional items (1-2) 6972 5200 8824 7072 31674
4 Other Income 1419 4748 4907 9021 10997
5 Profit  before Interest and Exceptional items (3+4) 8391 9948 13731 16093 42671
6 Interest 1323 977 3800 2126 3925
7 Profit after Interest but before Exceptional items (5-6) 7068 8971 9931 13967 38746
8 Exceptional items 0 0 0 0 0
9 Profit(+)/Loss(-)  before tax (7-8) 7068 8971 9931 13967 38746
10 Tax expenses 2402 3097 3376 4285 11862  
11 Net Profit(+)/Loss(-)from ordinary activities after tax (9-10) 4666 5874 6555 9682 26884
12 Extraordinary items (net of tax expense)          
13 Net Profit(+)/Loss(-)for the period(11-12) 4666 5874 6555 9682 26884
14 Paid-up Equity Share Capital (Face Value Rs.10/- Per Share)  4164 4164 4164 4164 4164
15 Reserves excluding revaluation reserves as per balance sheet of previous accounting year. 0 0   0 187360
16 Earnings Per share (EPS)          
  a) Basic and diluted EPS before Extraordinary items for the period for the year to date and for the previous year (not annualised) 11.20 14.10 15.74 23.25 64.56
  b) Basic and diluted EPS after Extraordinary items for the period for the year to date and for the previous year (not annualised) 11.20 14.10 15.74 23.25 64.56
17 Public share holding (Non promoters)          
  -Number of shares 19144500 19144500 19144500 19144500 19144500
  -Percentage of shareholding 45.97 45.97 45.97 45.97 45.97
18 Promoters and promoter group shareholding          
  a) Pledged/Encumbered           
      - Number of shares          
      - Percentage of shares (as a % of the total shareholding of the promoter and promoter group)          
      - Percentage of shares (as a % of the total share capital of the company)          
  b) Non-encumbered          
      - Number of shares 22500000 22500000 22500000 22500000 22500000
      - Percentage of shares (as a % of the total shareholding of the promoter and promoter group) 100.00 100.00 100.00 100.00 100.00
      - Percentage of shares (as a % of the total share capital of the company) 54.03 54.03 54.03 54.03 54.03
       NOTES :
 
1 The above  results have been reviewed by the Audit Committee and approved by the Board of Directors in their Meeting held on 29.01.2010.
2 The auditors of the Company have carried out the limited review of the above unaudited financial results.
3 The previous period's figures have been regrouped  and reclassified wherever necessary  to make them comparable with the current period's figures.
4 Exemption has been granted from publishing Segment-wise Information.
5 The company has consistently recognised revenue in line with it's accounting policies as well as  past practices which are supported by various opinions expressed by the Expert Advisory Committee  of The Insitutute of Chartered Accountants of India, not withstanding the qualifications by the Auditors in their  report for the year ended 31st March 2009 as well as for the quarter ended 31st December 2009 arising on account of interpretational differences of certain terms of the contract. The qualification of the statutory auditors in their limited review report for the quarter ended 31st December 2009 impacts Revenue by Rs. 25126 lakhs and Profit before Tax by Rs. 3055 lakhs. 
6 During the quarter, 35 investor complaints were received and resolved.  There were no complaints pending at the beginning and end of the quarter.
7 Out of the amount of Rs 52675 lakhs collected from Public Issue, Rs.42677 lakhs is spent till  Dec.'09 and the balance of  Rs.9998  lakhs  is invested in Fixed Deposit with Scheduled Banks till deployment of funds.
8 Provision in respect of employee retirement benefits, contractual obligations, wage revision and slow and non-moving inventory are made prorata as assessed for the year 2008-09.
9 Disclosure in terms of clause 41(VI) of the listing agreement relating to consolidated results for the nine months ended 31st December 2009  of the Company and its subsidiary Vignyan Industries Ltd.;   Consolidated Net Turnover Rs.205599 lakhs, Consolidated Net profit after tax Rs.6792 lakhs and Consolidated Earnings Per Share Rs. 16.31. 
By order of the Board
   for BEML LIMITED
Place:    :  Bangalore     (V.RS.Natarajan)
Date  :   :  29.01.2010       CHAIRMAN AND MANAGING DIRECTOR