BEML narrows Q1 net loss to Rs 27 crore

BEML is a company in India that makes big machines for the defence sector.

Every three months, companies tell people how much money they made or lost.

In the latest quarter, BEML lost Rs 27 crore.

That sounds like a lot, but it is better than a year ago, when BEML lost Rs 64 crore.

BEML also earned more money from sales this time than last year.

Its sales went up by about 29 percent.

However, compared with the previous three months, sales went down a lot.

In the previous quarter, BEML actually made a profit.

Because the company did well over the whole year, it decided to give its shareholders a small money gift called a dividend of Rs 12.28 per share.

This story is still developing, and more details might come later.