IPDC Finance’s profit rises 98.8pc in Q1

Business Desk :

IPDC Finance PLC reported a 98.8 per cent year-on-year increase in net profit to BDT 37?million for the January-March 2025 quarter, driven primarily by strong returns from its investments in government securities.

Earnings per share rose to BDT 0.09 from BDT 0.05 in the same quarter a year earlier. At the same time, gross interest income increased 16.1 per cent to BDT 2,288 million, despite a 22.9 per cent rise in financing costs amid higher deposit rates and successive policy rate hikes by the Bangladesh Bank.

Total investment income surged 134.8 per cent year-on-year to BDT 239?million, led by a 208.8 per cent increase to BDT 125?million in revenue from government securities. Total operating income reached BDT 757?million, up 14.9 per cent, and operating profit rose 26.6 per cent to BDT 374?million as strategic resource optimisation, selective hiring, and enhanced operational efficiency kept operating expense growth limited to 5.3 per cent. Net operating cash flow per share (NOCFPS) improved to BDT 4.86 from negative BDT 12.39, while Net Asset Value (NAV) increased to BDT 17.83.

IPDC’s gross assets stood at BDT 79,511 million as of March 2025, reflecting stable growth, while customer deposits increased 7.8 per cent to BDT 55,786 million, securing an approximately 11 per cent share of the non-bank financial institution (NBFI) deposit market. Loans and advances grew 1.1 per cent, while the investment portfolio remained strong despite a modest 3.3 per cent decline.