BEML Limited  (Formerly known as the BHARAT EARTH MOVERS 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 SECOND QUARTER / HALF YEAR ENDED SEPTEMBER 30, 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
  30/09/2009 ended in the  current  previous year year ended 
    Previous Year period ended  ended  31/03/2009
    30/09/2008 30/09/2009 30/09/2008  
  (Un-audited) (Un-audited) (Un-audited) (Un-audited) (Audited)
    (1) (2) (3) (4) (5)
           
1  Sales/Income from operations 57892 65972 116245 96428 301347
  Less: Value of Consortium supply 7315   16907   8257
    50577 65972 99338 96428 293090
  Less:  Excise Duty 2239 4583 4454 6247 13373
  Net Sales 48338 61389 94884 90181 279717
           
2 Expenditure:-          
      a. (Increase)/decrease in stock in trade  (13963) (6884) (22578) (15083) (28072)
          and work in progress 0 0      
      b. Consumption of raw materials 37806 39372 70826 61919 177899
      c.  Purchase of traded goods 331 2527 331 2527 7190
      d.  Employees  cost 13872 12920 27481 24352 56919
      e. Depreciation 864 697 1529 1179 2731
      f.  Other expenditure 8072 7626 15443 13415 31376
      g. Total 46982 56258 93032 88309 248043
3 Profit from Operations before Interest and Exceptional items (1-2) 1356 5131 1852 1872 31674
4 Other Income 2168 2161 3488 4273 10997
5 Profit  before Interest and Exceptional items (3+4) 3524 7292 5340 6145 42671
6 Interest 1507 573 2477 1149 3925
7 Profit after Interest but before Exceptional items (5-6) 2017 6719 2863 4996 38746
8 Exceptional items 0 0 0 0 0
9 Profit(+)/Loss(-)  before tax (7-8) 2017 6719 2863 4996 38746
10 Tax expenses 657 1168 973 1188 11862
11 Net Profit(+)/Loss(-)from ordinary activities after tax (9-10) 1360 5551 1890 3808 26884
12 Extraordinary items (net of tax expense)          
13 Net Profit(+)/Loss(-)for the period(11-12) 1360 5551 1890 3808 26884
14 Paid-up Equity Share Capital (Face Value of the Share shall be indicated)  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) 3.27 13.33 4.54 9.14 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) 3.27 13.33 4.54 9.14 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
1 The above  results have been reviewed by the Audit Committee and approved by the Board of Directors in their Meeting held on 28.10.2009.
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 Accountans 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 30th September 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 30th September 2009 impacts Revenue by Rs.16506 lakhs and Profit before Tax by Rs.2574 lakhs.  
6 During the quarter, 18 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. 40675 lakhs is spent till  Sept. '09 and the balance of  Rs. 12000  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 half year ended 30th September 2009 of the Company and its subsidiary Vignyan Industries Ltd.;   Consolidated Net Turnover Rs.116245 lakhs, Consolidated Net profit after tax Rs.2040 lakhs and Consolidated Earnings Per Share Rs. 4.90 . 
By order of the Board
   for BEML LIMITED
Place:   Bangalore     (V.RS.Natarajan)
Date  :  28.10.2009       CHAIRMAN AND MANAGING DIRECTOR