BEML revenues have risen over 80 percent this quarter as did the cost of materials. The company has posted an EBITDA loss of Rs 77 crores and a net loss of Rs 85 crores.

Q1 usually has loss due to seasonality but they have been reduced substantially, he said.

This year, I am expecting the mining companies to make up for the loss that they had last year in terms of ordering. So I am extremely bullish on mining, Hota said.

On Metro, he said that the company has a huge healthy order book position. We have got orders from Bengaluru Metro which we are going to execute, Kolkata Metro, execution is on and we are expecting some more orders from Delhi Metro.

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