IPDC Finance PLC reported a 98.8% year-on-year increase in net profit to Tk3.7 crore for the January–March 2025 quarter, driven primarily by strong returns from its investments in government securities.
Such information was provided in a press release on Wednesday.
According to the release, earnings per share rose to Tk0.09 from Tk0.05 in the same quarter a year earlier, while gross interest income climbed 16.1% to Tk228.8 crore, despite a 22.9% rise in financing costs amid higher deposit rates and successive policy rate hikes by Bangladesh Bank.
Total investment income surged 134.8% year-on-year to Tk23.9 crore, led by a 208.8% increase to Tk12.5 crore in income from government securities.
Total operating income reached Tk75.7 crore, up 14.9%, and operating profit rose 26.6% to Tk37.4 crore as strategic resource optimization, selective hiring, and enhanced operational efficiency kept operating expense growth limited to 5.3%.
Net operating cash flow per share (NOCFPS) improved to Tk4.86 from negative Tk12.39, while Net Asset Value per share edged up to Tk17.83.
IPDC’s gross assets stood at Tk7951.1 crore as of March 2025, reflecting stable growth, while customer deposits increased 7.8% to Tk5578.6 crore, securing an approximately 11% share of the financial institution deposit market.
Loans and advances grew 1.1%, while the investment portfolio remained strong despite a modest 3.3% decline.
“We are delighted with our first-quarter results, which demonstrate the resilience of our diversified business model,” said Rizwan Dawood Shams, managing director of IPDC Finance PLC.
He added: “By balancing risk-adjusted investments and prudent cost management, we have delivered robust profitability even as credit demand softened. We remain committed to supporting our customers and contributing to Bangladesh’s economic growth.”
Amid a challenging economic backdrop of sluggish private sector credit growth and rising non-performing loans across finance companies, IPDC Finance’s Q1 performance underscores its strategic focus on sustainable growth, financial discipline, and customer-centric solutions poised to drive long-term value for stakeholders and the broader economy.
