Kay and Que gets BTRC nod as A2P SMS aggregator, shares hit two-year high
Financially, the firm has been showing steady improvement as well. Earnings per share (EPS) rose to Tk2.03 during January-March 2025 from Tk1.26 in the same period a year ago.
Kay and Que (Bangladesh) Limited has secured the much-coveted Application to Person (A2P) SMS Aggregator Enlistment Certificate from the Bangladesh Telecommunication Regulatory Commission (BTRC), aiming to diversify its business portfolio.
The company disclosed the development through a stock exchange filing yesterday, boosting investor sentiment. Its share price surged 7.52% on the Dhaka Stock Exchange to close at Tk401.60, the highest in more than two years.
Since August, the stock has gained 102%, more than doubling in less than two months.
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A2P SMS aggregators act as intermediaries between businesses and telecom operators, facilitating bulk SMS delivery for marketing campaigns, service alerts, and secure authentication messages.
According to BTRC data, 146 companies have been granted enlistment certificates so far, reflecting the growing demand for digital communication services in Bangladesh's expanding fintech, e-commerce, and telecom sectors.
This regulatory approval follows another significant announcement from the company earlier this month.
On 2 September, Kay and Que launched retail sales of Liquefied Petroleum Gas (LPG) at its Dakshinpara Dhamrail unit, a move expected to strengthen revenue streams.
Financially, the firm has been showing steady improvement as well. Earnings per share (EPS) rose to Tk2.03 during January-March 2025 from Tk1.26 in the same period a year ago.
For the July-March period of FY25, EPS climbed to Tk3.69 from Tk2.45 in FY24.
Net operating cash flow per share (NOCFPS) also increased to Tk4.31 during July-March FY25, up from Tk1.48 in the corresponding period of FY24.
Meanwhile, net asset value (NAV) per share climbed to Tk97.51 as of March 2025, compared to Tk96.17 in June 2024.
For the fiscal year ending June 2024, the company declared a 3% cash and 2% stock dividend, underscoring its improved profitability. It reported EPS of Tk0.67, NAV per share of Tk96.17, and NOCFPS of Tk0.99.
Kay and Que, once reliant on carbon rod, coal tar, and pesticide ventures that eventually collapsed under market and operational challenges, turned to a strategic merger with IT firm MultiSourcing Limited in July 2023 to secure long-term growth.
The company's traditional businesses had become unsustainable as suppliers closed, demand plunged, and losses mounted. By merging with a fast-growing IT player, the firm's management aimed to diversify into a resilient sector with stronger profitability potential.
