Shahjibazar Power profit surges 138% in Jul-Mar FY26

Shahjibazar Power Co Ltd, a concern of Youth Group, has reported a staggering 138% growth in its consolidated net profit during the first nine months of the 2025-26 fiscal year, driven by higher operational efficiency and strong contributions from its associate companies. 

According to the company's price-sensitive disclosure released on Monday following its board meeting, consolidated net profit reached Tk81.53 crore for the July-March period, while the consolidated earnings per share (EPS) surged to Tk4.37 from the previous year's levels. 

This growth was supported by a 15% increase in total consolidated revenue, which climbed to Tk1,055 crore.

The company's performance was even more robust in the third quarter alone, spanning January to March, where consolidated net profit skyrocketed by 254% to settle at Tk24.71 crore. 

During these three months, consolidated revenue grew by 13% to Tk331.31 crore, yielding an EPS of Tk1.32. 

The company attributed this stellar numerical performance primarily to a substantial increase in its plant factor, which rose to 77% during this period compared to just 55% in the corresponding period of the previous year.

Beyond its core operations, Shahjibazar Power benefited significantly from its diversified investment portfolio.

A senior company official noted that the firm's bottom line was bolstered by substantial earnings from its two associate companies – Midland East Power and Midland Power Company. 

Additionally, the company's subsidiary, Petromax Refinery Limited, showed a healthy recovery, with its revenue jumping by 6% to Tk721.32 crore during the nine-month period.

The parent company, Shahjibazar Power, also displayed remarkable standalone strength as its revenue grew by 41% to reach Tk333.71 crore. 

On Monday, Shahjibazar Power shares ended 2.12% higher at Tk53.10 at the Dhaka Stock Exchange.