Business

Energypac posts Tk 35 crore Q1 loss despite revenue growth

Higher finance costs and interest rate hikes caused the loss  
Photo: Energypac Power

Energypac Power Generation PLC has plunged into losses in the July-September quarter due to a rise in finance charges, although the company has registered strong revenue growth. 

The company's revenue rose 33 percent year-on-year to Tk 93.15 crore in the first quarter of 2024-25 fiscal year, signalling robust sales.

However, mounting finance charges and rising interest rates pushed the company into a loss of Tk 35.17 crore, a stark reversal from the Tk 99.65 lakh profit it recorded during the same period last year. 

This financial setback translated into a loss per share of Tk 1.85, compared to an earnings per share (EPS) of Tk 0.05 in the prior year's corresponding quarter, according to its unaudited financial statements. 

Despite the net loss, Energypac's operational cash flow showed modest improvement. 

The company's net operating cash flow per share climbed to Tk 0.22 from Tk 0.01 in the same quarter last year, which was attributed to tightened receivables monitoring and extended credit terms with suppliers.

Founded in 1995, Energypac is a diversified industrial company with interests in power generation equipment, construction machinery, agro-machinery, and LPG bottling under its G-Gas brand.

Comments

Energypac posts Tk 35 crore Q1 loss despite revenue growth

Higher finance costs and interest rate hikes caused the loss  
Photo: Energypac Power

Energypac Power Generation PLC has plunged into losses in the July-September quarter due to a rise in finance charges, although the company has registered strong revenue growth. 

The company's revenue rose 33 percent year-on-year to Tk 93.15 crore in the first quarter of 2024-25 fiscal year, signalling robust sales.

However, mounting finance charges and rising interest rates pushed the company into a loss of Tk 35.17 crore, a stark reversal from the Tk 99.65 lakh profit it recorded during the same period last year. 

This financial setback translated into a loss per share of Tk 1.85, compared to an earnings per share (EPS) of Tk 0.05 in the prior year's corresponding quarter, according to its unaudited financial statements. 

Despite the net loss, Energypac's operational cash flow showed modest improvement. 

The company's net operating cash flow per share climbed to Tk 0.22 from Tk 0.01 in the same quarter last year, which was attributed to tightened receivables monitoring and extended credit terms with suppliers.

Founded in 1995, Energypac is a diversified industrial company with interests in power generation equipment, construction machinery, agro-machinery, and LPG bottling under its G-Gas brand.

Comments