Bangladesh Steel Re-Rolling Mills (BSRM) reported a significant increase in profit in the third quarter of fiscal year 2024-25.

BSRM's profit rose 53 percent year-on-year to Tk 226.02 crore in the January-March quarter.

Its consolidated earnings per share (EPS) went up to Tk 7.57 in the three-month period, up from Tk 4.92 a year earlier, according to a disclosure on the Dhaka Stock Exchange (DSE) website yesterday.

BSRM shares gained 6.10 percent on the DSE to close at Tk 73 following the announcement.

In the nine months through March 2025, its consolidated EPS stood at Tk 14.31, up from Tk 11.17 in the same period of the previous year.

BSRM's consolidated net operating cash flow per share (NOCFPS) rose to Tk 29.55 from Tk 16.90.

The company attributed the increase in NOCFPS to a higher inflow of cash receipts, higher profits, and efficient collections from customers.

As of March 31, 2025, sponsors and directors held 47.12 percent of the company's shares, institutional investors 15.53 percent, foreign investors 17.13 percent, and the public 20.22 percent, according to DSE data.