The company attributed the turnaround primarily to a reduction in system loss, which fell by 4.05 percentage points year-on-year to 5.91% in July-September, down from 9.96% a year earlier.
Representational Image. Illustration: TBS
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Representational Image. Illustration: TBS
Titas Gas Transmission and Distribution PLC returned to profitability in the July-September quarter of the 2026-27 financial year, posting a net profit of Tk147 crore against a loss of Tk249 crore in the same period a year earlier, largely due to a significant reduction in system loss.
The state-run gas distributor reported earnings per share (EPS) of Tk1.49 for the first quarter of FY27, compared to a negative EPS of Tk2.52 in the corresponding period of the previous fiscal year, according to a price-sensitive disclosure filed with the Dhaka Stock Exchange today (12 November).
The company attributed the turnaround primarily to a reduction in system loss, which fell by 4.05 percentage points year-on-year to 5.91% in July-September, down from 9.96% a year earlier.
Although the figure remains above the regulatory allowable limit of 2%, the improvement helped reduce the company’s gas purchase costs and boost its overall margins.
Despite the return to profit, Titas Gas faced increased pressure on its operating cash flow during the quarter. Its net operating cash flow per share (NOCFPS) stood at negative Tk5.73, compared to negative Tk0.58 in the same period a year earlier, mainly due to higher payments for gas purchases relative to collections from customers.
Meanwhile, the company’s net asset value (NAV) per share rose to Tk85.43 as of 30 September 2026, from Tk83.94 as of 30 June 2026.
Following the earnings announcement, Titas Gas shares rose 9.50% to Tk19.60 on the Dhaka Stock Exchange during the first hour of today’s trading session.
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