National Tubes posts Tk5.57cr loss as sales halve

State-owned National Tubes Ltd, the country's only
government-run steel pipe manufacturer listed on the stock exchanges, has
reported a sharp decline in performance, with sales nearly halving in the first
nine months of FY2025–26 amid weakening demand.
According
to company disclosures approved by the board on Thursday, the firm's net sales
dropped 50% year-on-year to Tk18.15 crore during the July–March period, down
from Tk36.24 crore in the same period of the previous fiscal year.
The
steep fall in revenue pushed the company into losses, reversing its profit
trend from a year earlier.
National Tubes posted a net loss of Tk5.57 crore for the nine-month period,
compared to a profit of Tk2.66 crore in July–March of FY25. Its loss per share
stood at Tk1.60.
Operating
cash flow also deteriorated significantly, with net operating cash flow per
share falling to Tk0.17 as of March 2026, compared to Tk1.09 in the same period
a year earlier.
The
company's net asset value was recorded at Tk473 crore, according to its
financial statements.
In
the third quarter alone (January–March), National Tubes incurred a loss of
Tk1.31 crore, a sharp reversal from a profit of Tk1.42 crore in the same
quarter of the previous fiscal year. Quarterly revenue also declined by 40% to
Tk8.12 crore from Tk13.51 crore a year earlier.
The company attributed the downturn to a broader fall in demand for steel pipes
across key industrial and utility sectors.
National Tubes supplies pipes to major gas distribution and utility operators,
including Titas Gas, Bakhrabad Gas Distribution Company, Jalalabad Gas
Transmission and Distribution System, BAPEX, WASA, Fire Hydrant Company, and
various manufacturing and real estate firms, according to its website.
Established
in 1964 as a private-sector enterprise, National Tubes was nationalised in 1972
and placed under the Bangladesh Steel and Engineering Corporation (BSEC). It
was later converted into a public limited company in 1989, with 49% of its
shares offloaded to the general public.
















