The Dhaka Electric Supply Company (Desco) saw its earnings increase in the second quarter of the 2024-25 fiscal year, a sharp reversal from the losses it made in the same period the previous year.

The company posted a profit of Tk 26.16 crore in Q2, up from a loss of Tk 43.46 crore in the same period a year ago.

Desco's revenue surged by 116 percent year-on-year to Tk 223.28 crore in the October–December period of 2024.

Thanks to higher distribution revenue, the company's earnings per share rose to Tk 0.66, compared to a loss per share of Tk 1.10 in the same period last year, according to its financial statement.

In the July–December period of 2024, its loss per share was Tk 0.15, down from Tk 4.92 a year ago.

Desco's net operating cash flow per share rose to Tk 2.88 from Tk 2.51, which the company attributed to increased revenue collection.