Bangladesh Submarine Cables PLC (BSCPLC) saw its profit grow in the January-March quarter of the fiscal year 2024-25 (FY25).

 The state-run company reported an 8 percent year-on-year increase in profit to Tk 43.58 crore.

 Its diluted earnings per share (EPS) stood at Tk 2.33 during the quarter, up from Tk 2.16 in the same period a year ago, the company said in a disclosure posted on the Dhaka Stock Exchange (DSE) website yesterday.

 Shares of the company went up 1.72 percent to close at Tk 124.20 on the DSE.

 However, its nine-month EPS from July 2024 to March 2025 dropped to Tk 6.83, down from Tk 8.99 in the corresponding period of the previous fiscal year.

 The company said its net operating cash flow per share (NOCFPS) fell to Tk 7.83 in the first three quarters of the current financial year from Tk 14.06 over the same period a year ago.

 BSCPLC attributed the fall in NOCFPS to lower collection of revenue and dues from customers and higher expenses compared to the previous year.

 The company also cited the issuance of 2.21 crore new shares to the government's Post and Telecommunications Division on September 17, 2024, against equity.

 As of March 31, 2025, the shareholding structure of BSCPLC shows the government holding 76.94 percent, institutional investors 15.02 percent, foreign investors 2.07 percent, and the general public 5.97 percent.

 Since 2008, state-owned BSCPLC has managed the country's submarine cables. Starting with the optical fibre submarine communications cable system SMW4 and later joining SMW5, it currently offers around 7,220 Gbps of bandwidth.

 The company is also working on its third undersea cable, SMW6, which is 77 percent complete and expected to add 13,200 Gbps of capacity by the end of 2025, according to its website.