Padma Oil Company's profit grew significantly in the second quarter of the fiscal year 2024-25 as its income rose.

The state-owned company's profit rose by 76 percent year-on-year to Tk 125.03 crore in the second quarter of the fiscal year, according to its financial statements.

Its earnings per share (EPS) rose to Tk 12.73 for October-December 2024 from Tk 7.29 a year ago. For July-December, EPS stood at Tk 25.40, up from Tk 16.53 in the same period of the previous year.

The company attributed the growth to higher non-operating income.

Meanwhile, the company's net operating cash flow per share was Tk 20.36 in the negative for July-December, improving from Tk 73.84 in the negative in the same period a year earlier.

Shares of Padma Oil declined by 0.05 percent to Tk 187.5 in midday trading yesterday at the Dhaka Stock Exchange.