Bangladesh Lamps Limited, popularly known as BD Lamps, began the first quarter of the current fiscal year (FY26) with a loss, mainly due to higher finance costs and a sharp increase in customs duties.

The company has been incurring consecutive first-quarter losses for the past three fiscal years.

The electrical and energy-efficient bulb manufacturer reported a loss of Tk1.27 crore for the July–September quarter, compared to a loss of Tk5.88 crore in the same period last year, according to a disclosure on the Dhaka Stock Exchange (DSE) website on Monday.

Earnings per share (EPS) stood at a negative Tk1.19 for Q1 FY26, compared to a loss of Tk5.59 in the corresponding quarter of the previous year. Following the announcement, the company’s share price fell 8.79% on the DSE, closing at Tk150.50 per share.

According to the company’s statement, the first-quarter loss was primarily driven by increased finance costs and a steep rise in customs duties.

Company Secretary Mohammad Ruhan Miah explained that despite a 15% increase in revenue compared to the same quarter last year, the company faced significant pressure from rising customs duties and finance costs.

“In the same quarter last year, customs duty was 10%, which has now been raised to 28%,” he said.

Revenue from energy-saving LED bulbs fell by 7.68% year-on-year to Tk18.15 crore, while revenue from energy-saving LED tube lights rose by 43% to Tk13.25 crore during the July–September period of FY26.

The financial report mentioned that the company invested Tk11.1 crore in a new production line using bank loans, which led to higher interest expenses due to increased lending rates. As of December 2024, the company’s short-term loans rose to Tk127 crore, up from Tk100 crore in June 2024.

Bangladesh Lamps stated that rising financial costs were the main reason for the quarterly loss.

In addition to the first-quarter results, Bangladesh Lamps Limited has recommended a 10% cash dividend for the year ended 30 June 2025.

The company’s Annual General Meeting (AGM) is scheduled to be held on 11 December 2025 via a digital platform. The record date for entitlement to the dividend has been fixed for 3 November 2025.

For the year ended 30 June 2025, Bangladesh Lamps reported an Earnings Per Share (EPS) of negative Tk6.22, compared to negative Tk12.76 in the previous fiscal year, indicating a significant reduction in losses.

The company’s Net Asset Value (NAV) per share stood at Tk39.93 for FY25, down from Tk48.69 a year earlier. Meanwhile, the Net Operating Cash Flow per Share (NOCFPS) improved slightly to negative Tk13.86, from negative Tk18.87 in FY24.

Despite recording losses in four consecutive first quarters, the company has managed to turn a profit at the end of some fiscal years. In 2024, the company reported a net loss of Tk13.43 crore, compared to a profit of Tk1.09 crore in 2023.

Listed on the stock market since 1981, Bangladesh Lamps’ shareholding structure shows sponsors/directors holding 61.86%, institutional investors 9.89%, and general investors 28.22% of the total shares.