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India's BEML reports narrower quarterly loss on better order execution, non-operating income

The heavy equipment manufacturer reported a loss of 641.1 million rupees ($7.3 million) in the April-June period, compared to a loss of 704.7 million rupees in the year-ago quarter. India's manufacturing sector activity hit a 10-month-high in April and a 14-month-high in June, led by a surge in exports. The Bengaluru-based firm's revenue was largely unchanged at 6.34 billion rupees, but its non-operating income, usually income from investments, surged 16-fold to 85.7 million rupees.

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