Shahjibazar Power posts Tk56.81 cr profit in H1

Shahjibazar Power Company Limited (SPCL) has reported a 99.47% year-on-year consolidated profit growth in the first six months of the current fiscal year compared to the same period of the previous year riding on associate companies' profit. 

During this period, the company recorded a consolidated profit of Tk56.81 crore, significantly higher than the Tk28.48 crore reported in the same period last year.

In the July-December period, SPCL's consolidated revenue stood at Tk723.73 crore, which was up from Tk626.67 crore in the previous fiscal year. Of these, Shahjibazar Power generated revenue of Tk245.68 crore and Petromax Refinery achieved revenue of Tk478 crore in this period. 

The company's share price closed at Tk49.40, marking a 1.59% decrease on the Dhaka Stock Exchange yesterday. Meanwhile, its earnings per share (EPS) for the period increased to Tk3.04, compared to Tk1.53 a year earlier.

A top official of the company said, seeking anonymity, that the company got significant profit from its two associate companies- Midland East Power and Midland Power Company. 

Besides, the company has been able to control general and administrative expenses effectively. 

For the October-December quarter of 2025, the company reported consolidated revenue of Tk383 crore, an increase from Tk322 crore in the same quarter last year. 

However, its net profit for the quarter rose slightly, from Tk21.18 crore in the previous year to Tk30.46 crore in the current year.

In this quarter, its earnings per share stood at Tk1.63 which was Tk1.13 a year ago.

A senior company official, speaking on condition of anonymity, said the firm posted strong profit mainly due to significant earnings from its two associate companies—Midland East Power and Midland Power Company. 

In addition, business performance improved at Shahjibazar Power and Petromax Refinery, which also contributed positively to overall profitability. 

The official added that effective control over General and Administrative (G&A) expenses played a key role in strengthening the company's financial position. 

As a result of higher income from associates, improved operational performance of key units, and disciplined cost management, the company was able to achieve notable growth in profit during the period.

According the financials statement, Earnings per share (EPS) during the period increased by Tk2.02 per share compared to the half-yearly EPS of the corresponding period. 

The plant factor also improved significantly, rising to 85% from only 41% in the comparable period, reflecting higher operational efficiency. As a result of improved operating performance and higher associate income, consolidated EPS rose by Tk1.57 per share compared to the previous period.