B Mirror Report: IPDC Finance PLC reported a 78.52 percent year-on-year rise in net profit for the first quarter of 2026, driven by strong net interest income, higher investment earnings, and controlled operating expenses.
According to the company’s unaudited financial statement approved at a board meeting on Sunday, post-tax net profit reached Tk 65 million during the January-March quarter, compared with the same period last year.
Earnings per share (EPS) increased to Tk 0.16 from Tk 0.09 a year earlier.
The non-bank financial institution said its total operating income grew 24.40 percent to Tk 942 million despite ongoing macroeconomic challenges. Total interest income rose 6.01 percent to Tk 2.43 billion, supported by prudent lending and continuous asset portfolio management.
Interest expenses increased by only 1.74 percent to Tk 1.84 billion, indicating a decline in funding costs. As a result, net interest income climbed 22.33 percent to Tk 581 million.
Investment income also posted strong growth, rising 32.51 percent to Tk 317 million, mainly due to higher returns from government securities and an expanded treasury portfolio. Commission and brokerage income increased 13.29 percent to Tk 38 million.
Operating expenses remained under control, increasing just 3.52 percent to Tk 397 million during the quarter. Profit before provisions surged 45.79 percent to Tk 545 million.
As of March 31, 2026, the company’s loans, advances, and leases stood at Tk 73.74 billion, slightly down by 1.18 percent from December 2025, reflecting a selective lending strategy amid the ongoing economic recovery.
Total deposits, however, increased 1.60 percent to Tk 63.25 billion, indicating customer confidence and a strong funding base.
Net asset value (NAV) per share rose to Tk 18.01 as of March 2026, up from Tk 17.85 at the end of December 2025.
Managing Director Rizwan Dawood Shams said the first-quarter performance reflected the strength of IPDC’s business fundamentals and successful execution of its strategic plans. He said the company remained committed to strengthening customer trust, maintaining effective risk management, and creating long-term value for stakeholders while contributing to Bangladesh’s economic progress.
