B Mirror Repot : Listed company Deshbandhu Polymer Limited has reported a sharp deterioration in its financial performance for the third quarter (January March) of 2026 citing power shortages and rising production costs as key challenges.

According to its unaudited financial statements, the company posted a loss per share (EPS) of Tk 1.10 for the quarter, compared to a loss of Tk 0.61 in the same period a year earlier. For the nine months from July 2025 to March 2026, the loss per share widened to Tk 2.89, up from Tk 1.95 in the corresponding period of the previous year.

The company’s net operating cash flow per share (NOCFPS) also remained negative, standing at Tk (1.61), compared to Tk (0.80) in the same period last year.

Meanwhile, net asset value (NAV) per share declined to Tk 11.66 as of March 31, 2026, down from Tk 14.54 as of June 30, 2025. The company attributed the drop in NAV to a significant reduction in current assets following tax adjustments.

Deshbandhu Polymer said that lower production and sales contributed to the negative earnings. Production activities were disrupted due to electricity shortages and higher raw material costs. A shortage of US dollars also made it difficult to open letters of credit (LCs), forcing the company to procure raw materials from the local market at higher prices.

As a result, the company could not fully utilize its production capacity and failed to secure purchase orders from key clients, including the Bangladesh Agricultural Development Corporation (BADC), as well as other customers.

Additionally, higher bank interest rates increased financial expenses. Combined with declining sales and collections, the rising costs further weakened the company’s operating cash flow during the period, the company added.