United Power Generation & Distribution Company reported a 35 percent year-on-year decline in profit in the January–March quarter of FY26, mainly due to lower electricity sales and rising finance costs.
The company’s consolidated profit fell to Tk 2.76 billion from Tk 4.24 billion a year earlier, while revenue dropped 30 percent to Tk 6.74 billion.
United Power said the decline was caused by lower production and the absence of one-time supplemental revenue linked to previous gas price adjustments.
During the first nine months of FY26, profit declined 24 percent to Tk 8.66 billion, while finance costs surged sharply because of higher interest payments on bank borrowings.
Delayed payments from the Bangladesh Power Development Board also weakened cash flow.
Despite the earnings pressure, analysts say the company remains financially stable due to its long-term power purchase agreements and diversified customer base.
