United Power experienced a marginal 2 per cent rise in profit to Tk 2.98 billion in the second quarter of FY26, despite a more than 22 per cent decline in revenue, as the cost of sales shrank by 40 per cent.
It has been facing diminishing revenue as the government is gradually reducing its dependence on private power producers to reduce costs.
In the October-December quarter of FY26, the company's earnings stood at Tk 5.06 per share, which is 1.94 per cent higher than the EPS of the same quarter a year earlier.
United Power Generation & Distribution Company Ltd. (UPGDCL), established in 2007 and part of the Bangladeshi conglomerate United Group, is a premier private power generator supplying uninterrupted power to industries in export processing zones (EPZs).
It operates multiple gas- and HFO-based plants, providing electricity and steam to industrial, commercial, and government clients.
