IDLC Finance PLC closed Q1 2025 with exceptional growth, recording a standalone net profit after tax of Tk 368 million, up 25 per cent from the same period of the last year.
On a consolidated basis, net profit after tax stood at Tk聽509 million, reflecting a 44 per cent increase quarter-on-quarter. Earnings per share stood at Tk 1.22 from Tk聽0.85 in Q1 2024.
Customer deposits grew steadily to Tk 92.66 billion (10 per cent growth over 2024), while the group maintained a healthy loan book of Tk 118.57 billion (4pc growth over 2024).
Return on Equity (ROE) stood at 10.02pc (annualised), a strong indication of enhanced profitability and effective use of shareholder capital. Return on Assets (ROA) stood at 1.34pc, reflecting the company鈥檚 ability to generate higher returns from its asset base.
The Non-Performing Loan (NPL) ratio was maintained at 4.60 per cent, lower than the same period of the previous year and significantly below the industry average, with a provision coverage ratio of 103.21 per cent.
The Board of Directors approved the financial statements for the first quarter ended 2025 in the company鈥檚 352nd board meeting held at IDLC鈥檚 corporate head office in Gulshan, Dhaka, on May 08.
