BEML Q2 results

Bharat Earth Movers Ltd (BEML) has announced the following Unaudited results for the quarter ended September 30, 2007:

The Company has posted a net profit of Rs 243.20 million for the quarter ended September 30, 2007 where as the same was at Rs 365.70 million for the quarter ended September 30, 2006. Total Income is Rs 4872.80 million for the quarter ended September 30, 2007 where as the same was at Rs 6187.80 million for the quarter ended September 30, 2006.

The paid up capital of the Company has changed from Rs 367.40 million to Rs 416.40 million consequent upon public issue of 49 lakhs shares of Rs 10 each issued at a premium of Rs 1065 per share. The EPS for the current quarter / Half Year is based on Weighted Average Number of Shares outstanding during the period and thus is not comparable with those of previous reported periods.