TBT Desk: Bangladesh Submarine Cables has reported robust earnings for the first quarter of 2025, posting a revenue of Tk 99 crore and securing a net profit of Tk 48 crore-almost half of its total income during the period.
The government-owned company released its unaudited financial results for the January-March quarter on Monday, following approval by its Board of Directors. As a listed company, the report was also disclosed through the stock exchanges in compliance with regulatory requirements.
According to data submitted to the Dhaka Stock Exchange (DSE), the company's profit in Q1 rose by Tk 7.5 crore or nearly 19% compared to the same period last year, when it had earned Tk 40.45 crore. Revenue, meanwhile, saw a modest year-on-year increase of just over Tk 2 crore or roughly 2.3%, rising from Tk 97.2 crore in Q1 of 2024 to Tk 99.42 crore in Q1 of 2025.
Bangladesh Submarine Cables operates under a July-June fiscal year. With three quarters now completed, the company has also shared its 9-month financials (July-March), showing total revenue of Tk 294 crore and a net profit of Tk 140 crore.
However, compared to the same nine-month period of the previous fiscal year, both revenue and profit have declined. Revenue dropped by Tk 44 crore from Tk 338 crore, while net profit fell from Tk 168 crore to Tk 140 crore. Despite the fall, the profit margin remains impressive-nearly 50% of revenue.
The company continues to maintain strong financial health, demonstrating its ability to convert earnings into consistent profitability, even amid a slight downturn in overall business activity.