IPDC Finance PLC posted a 98.8% year-on-year jump in net profit to Tk 3.7 crore for the January–March quarter of 2025, driven primarily by strong income from government securities.

Earnings per share rose to Tk 0.09 from Tk 0.05 in the same period last year, the non-bank financial institution (NBFI) said in a press release.

Total investment income surged 134.8% year-on-year to Tk 23.9 crore, with returns from government securities alone rising 208.8% to Tk 12.5 crore. This more than offset a 22.9% increase in financing costs, fuelled by higher deposit rates and consecutive policy rate hikes by Bangladesh Bank.

Gross interest income grew 16.1% to Tk 228.8 crore.

The company also saw a marked improvement in cash flow, with net operating cash flow per share rising to Tk 4.86, compared to negative Tk 12.39 in the same quarter last year. Net asset value per share inched up to Tk 17.83.

“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.

As of March 2025, IPDC’s gross assets stood at Tk 7,951 crore. Customer deposits rose 7.8% to Tk 5,578 crore, accounting for an estimated 11% of the NBFI deposit market. Loans and advances increased 1.1%, while the investment portfolio remained strong despite a slight 3.3% dip.