Bangladesh Submarine Cables posts 56% profit growth as data demand rises
The company’s net operating cash flow per share was recorded at Tk9.76, reflecting a healthy cash position generated from its core operations.
Bangladesh Submarine Cables PLC has recorded a significant 56% jump in net profit during the first nine months of the 2025-26 fiscal year, bolstered by robust demand for bandwidth and supportive government policies.
According to the company's price-sensitive disclosure released on 23 April following board approval, net profit for the July-March period reached Tk219 crore, a substantial increase from the corresponding period of the previous year.
This impressive bottom-line performance was supported by a 28% surge in revenue, which climbed to Tk376.90 crore during the same nine-month period.
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The state-owned sole provider of submarine cable-based bandwidth saw its earnings per share (EPS) rise to Tk11.71 for the July-March period, while its net asset value per share stood at Tk98.71 as of 31 March 2026.
The company's net operating cash flow per share was recorded at Tk9.76, reflecting a healthy cash position generated from its core operations.
The growth momentum was particularly evident in the third quarter alone, spanning January to March 2026, where revenue surged by 26% to reach Tk125.31 crore. Consequently, the quarterly profit rose by 51% to Tk72.43 crore, yielding an EPS of Tk3.87 for the three-month period.
In its official statement, the management attributed the revenue growth primarily to increased income from International Private Leased Circuit rent, IP Transit services, and co-location services.
The company emphasised that the substantial efforts of the management team, coupled with proactive government policies, played a pivotal role in scaling up turnover.
The management also clarified that the significant increase in EPS is a direct result of core business activities and other income generated in the ordinary course of business, noting that no extraordinary transactions impacted the financial results during this period.
On the Dhaka Stock Exchange, the company's shares closed at Tk141.60 on 23 April, bringing its total market capitalisation to Tk2,648 crore.
Based on its audited report for the FY2024-25, the company currently maintains a price-to-earnings ratio of 14.26 and a dividend yield of 3.21%.
For the previous FY2024-25, the Bangladesh Submarine Cables paid a 40% cash dividend to its shareholders after posting a net profit of Tk205.94 crore, which was a 13% increase over the FY2023-24.
The government remains the dominant shareholder with a 76.94% stake, while institutional investors hold 17.52% and the general public holds approximately 5.47%.
