BEML Limited

(A Govt. of India Mini Ratna Company under Ministry of Defence)

Registered Office : BEML SOUDHA - 23/1, 4th Main, S.R. Nagar, Bangalore - 560 027. UNAUDITED RESULTS FOR THE SECOND QUARTER / HALF-YEAR ENDED SEPTEMBER 30, 2013 PART I Statement of Standalone Unaudited Results for the Quarter and Six months Ended 30/09/2013 3 months ended 30/09/2013 (Unaudited) (1) 1 Income from operations (a) Net Sales/ Income from operations (b) Other operating income Total Income from Operations (Net) Expenditure (a) Cost of materials consumed (b) Purchases of stock in trade (c) Changes in Inventories of finished goods, work-in- progress and stock in trade (d) Employee benefits expense (e) Depreciation and Amortisation expense (f) Other expenses Total Expenses Profit/ (Loss) from operations before other income, finance costs and exceptional items (1-2) Other Income Profit/ (Loss) from ordinary activities before finance cost and exceptional items (3+4) Finance costs Profit/ (Loss) from ordinary activities after finance costs but before exceptional items (5-6) Exceptional items Profit / (Loss) from ordinary activities before tax (7+8) Tax expense Net Profit / (Loss) from ordinary activities after tax (9-10) Extraordinary items (net of tax expense) Net Profit / (Loss) for the period (11-12) Paid-up equity share capital (Face Value ` 10 per share) Reserve excluding Revaluation Reserves as per balance sheet of previous accounting year Paid up Debt Capital Earnings per share (EPS) of ` 10 each (not annualised) i) Basic and diluted EPS before extraordinary items ( ` ) ii) Basic and diluted EPS after extraordinary items ( ` ) Debenture Redemption Reserve Debt Equity Ratio Debt Service Coverage Ratio Interest Service Coverage Ratio 74321 785 75106 42091 0 2630 19132 1310 11259 76422 (1316) 704 (612) 3315 (3927) 44 (3883) 5 (3888) 0 (3888) 4164 (9.34) (9.34) (6.20) (6.20) Preceding 3 months ended 30/06/2013 (Unaudited) (2) 59047 706 59753 36109 116 (4444) 18780 1310 8726 60597 (844) 1223 379 2996 (2617) 33 (2584) 0 (2584) 0 (2584) 4164 (14.99) (14.99) 0.27 (0.02) (0.02) Corresponding 3 months ended in the Previous Year 30/09/2012 (Unaudited) (3) 58092 604 58696 37228 0 (2943) 17321 1224 10745 63575 (4879) 2118 (2761) 3495 (6256) 12 (6244) 0 (6244) 0 (6244) 4164 142629 (15.54) (15.54) 0.27 (0.53) (0.60) Year to date figures for current period ended 30/09/2013 (Unaudited) (4) 133368 1491 134859 78200 116 (1814) 37912 2620 19985 137019 (2160) 1927 (233) 6311 (6544) 77 (6467) 5 (6472) 0 (6472) 4164 (` in lakhs except EPS) Year to date figures for the previous year ended 30/09/2012 (Unaudited) (5) 99483 1552 101035 67794 1108 (18165) 35349 2388 20111 108585 (7550) 3734 (3816) 6384 (10200) 12 (10188) 0 (10188) 0 (10188) 4164 149184 (24.46) (24.46) 0.26 0.12 0.13 Previous Accounting year ended 31/03/2013 (Audited) (6) 277199 3692 280891 171517 910 (6992) 73940 5025 45996 290396 (9505) 10359 854 14099 (13245) 1012 (12233) (4246) (7987) 0 (7987) 4164 203826 126141 (19.18) (19.18)

Particulars

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Statement of Standalone Unaudited Results for the Quarter and Six months Ended 30/09/2013 3 months ended 30/09/2013 (Unaudited) (1) PART II A. PARTICULARS OF SHAREHOLDING 1 Public share holding -Number of shares -Percentage of shareholding 2 Promoters and promoter group shareholding a) Pledged/Encumbered - Number of shares - Percentage of shares (as a % of the total shareholding of promoter and promoter group) - Percentage of shares (as a % of the total share capital of the company) b) Non-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. INVESTOR COMPLAINTS Pending at the beginning of the quarter Received during the quarter Disposed off during the quarter Remaining unresolved at the end of the quarter Notes 1 The above results have been reviewed by the Audit Committee and approved by the Board of Directors in their Meeting held on 08.11.2013. 22500000 100.00 54.03
3 months ended 30/09/2013

(` in lakhs except EPS) Corresponding 3 months ended in the Previous Year 30/09/2012 (Unaudited) (3) Year to date figures for current period ended 30/09/2013 (Unaudited) (4) Year to date figures for the previous year ended 30/09/2012 (Unaudited) (5) Previous Accounting year ended 31/03/2013 (Audited) (6)

Particulars

Preceding 3 months ended 30/06/2013 (Unaudited) (2)

19144500 45.97

19144500 45.97

19144500 45.97

19144500 45.97

19144500 45.97

19144500 45.97

22500000 100.00 54.03

22500000 100.00 54.03

22500000 100.00 54.03

22500000 100.00 54.03

22500000 100.00 54.03

0 2 2 0

2 Sales / Income from operations is considered after deducting the value of consortium supplies and excise duty from the Gross Revenue from Operations as indicated below: 3 months ended 30/09/2013 82255 2627 5307 74321 Preceding 3 months ended 30/06/2013 Corresponding Year to date Year to date 3 months figures for figures for the ended in the current period previous year Previous Year ended ended 30/09/2012 30/09/2013 30/09/2012 65263 69038 147518 118634 2449 7635 5076 12647 3767 3311 9074 6504 59047 58092 133368 99483 Previous Accounting year ended 31/03/2013 325285 29090 18996 277199

Particulars

Sales/Income from operations (Gross) Less: Value of Consortium supply Less: Excise duty Net Sales/ Income from operations (Net of excise duty)

3 The auditors of the Company have carried out the limited review of the above unaudited financial results. 4 The previous period's figures have been regrouped and reclassified wherever necessary to make them comparable with the current period's figures. 5 Exemption has been granted by SEBI from publishing Segment-wise Information. 6 Provision in respect of employee retirement benefits, contractual obligations, slow and non-moving inventory are made prorata as assessed for 2012-13. 7 The details of Balance Sheet as at 30.09.2013 is enclosed. 8 Formula for computation of ratios are as under: (i) Debt Equity Ratio = Long Term Debt/ (Share Capital + Reserves and Surplus) (ii) Debt Service Coverage Ratio = PBIT/ (Interest+Principal Repayment) (iii) Interest Service Coverage Ratio = PBIT/ Interest Expense By order of the Board for BEML LIMITED Place : Bangalore Date : 08.11.2013 Sd/ (P.Dwarakanath) CHAIRMAN AND MANAGING DIRECTOR

BEML Limited
(A Govt. of India Mini Ratna Company under Ministry of Defence)

Regd Off : BEML SOUDHA - 23/1, 4th Main, S.R. Nagar, Bangalore - 560 027 STANDALONE STATEMENT OF ASSETS AND LIABILITIES (` in lakhs) As at Particulars 30/09/2013 30/09/2012 A. EQUITY AND LIABILITIES 1 Shareholders' Funds (a) Share Capital (b) Reserves and Surplus (c) Money received against share warrants Sub-total - Shareholders' funds 2 Share application money pending allotment 3 Minority Interest 4 Non- current liabilities (a) Long term borrowings (b) Deferred tax liabilities (net) (c) Other long-term liabilities (d) Long-term provisions Sub-total - Non-current liabilities 5 Current liabilities (a) Short term borrowings (b) Trade payables (c) Other current liabilities (d) Short-term provisions Sub-total - Current liabilities TOTAL - EQUITY AND LIABILITIES B. ASSETS 1 Non-current Assets (a) Fixed Assets (b) Goodwill on consolidation (c) Non-current investments (d) Deferred tax assets (net) (e) Long-term loans and advances (f) Other non-current assets Sub-total-Non-current assets 2 Current Assets (a) Current Investments (b) Inventories (c) Trade Receivables (d) Cash and Cash equivalents (e) Short-term loans and advances (f) Other current assets Sub-total-Current assets TOTAL - ASSETS 66168 258 10524 28607 271 105828 156 252047 94327 1493 38531 29980 416534 522362 By order of the Board for BEML LIMITED Place : Bangalore Date : 08.11.2013 Sd/(P.Dwarakanath) CHAIRMAN AND MANAGING DIRECTOR 54935 443 6277 25491 705 87851 269067 74500 31745 53297 32038 460647 548498 4177 197354 201531 49085 38238 13812 101135 88627 56962 53892 20215 219696 522362 4177 202844 207021 53986 42304 12258 108548 93632 51847 67763 19687 232929 548498