Bashundhara Paper Mills, a concern of Bashundhara Group, has incurred a loss of Tk422 crore in the first nine months of the current fiscal year, mainly due to a shortage of raw materials and a rise in utility costs.
During the July-March period of FY26, the company’s loss widened significantly from Tk184 crore in the same period a year earlier, according to its financial statement ended in March.
Its year-on-year revenue also plunged by 56% to Tk223.22 crore, down from Tk507.67 crore in the corresponding period of the previous fiscal year.
Despite the sharp decline in revenue, the cost of sales stood at Tk420.59 crore at the end of March 2026, compared to Tk482.11 crore in the same period a year ago.
The company reported an operating loss of Tk523.43 crore, up from Tk230 crore in the July-March period of the previous fiscal year.
Explaining the losses, company officials said operating profitability declined due to the unavailability of raw materials, increased utility costs, a sharp rise in input prices, and higher borrowing costs following interest rate hikes.
As a result, the company’s earnings per share (EPS) deteriorated significantly, with per-share loss rising to Tk24.27 from Tk10.60 in the previous period.
However, net operating cash flow per share rose slightly to Tk8.95 during the July-March period of FY26, compared to Tk8.75 in the same period a year earlier. The net asset value per share declined to Tk33.60 as of 31 March.
The company said the improvement in cash flow was mainly due to reduced payments to suppliers and other operating creditors, which strengthened its overall operating cash position.
In FY25, Bashundhara Paper Mills incurred a loss of Tk329.91 crore, with a per-share loss of Tk18.98. Due to continued losses, the company did not declare any dividend for its shareholders for FY24.
The company’s shares closed on Sunday at Tk26.30 on the Dhaka Stock Exchange, down 1.87% from the previous trading session.
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