IDLC Finance posts 22% profit growth in Q1
IDLC Finance PLC has wrapped up the first quarter of 2026 with strong growth, recording a consolidated net profit after tax of Tk62.2 crore, marking a 22% year-on-year increase.
Reflecting improved profitability and effective use of shareholder capital, the leading non-bank financial institution posted a return on equity of 11.26% during the quarter.
Return on assets stood at 1.36%, reflecting the company's ability to generate higher returns from its asset base.
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The company's earnings per share increased to Tk1.43 in Q1 2026 from Tk1.17 in the same quarter of the previous year.
On a standalone basis, customer deposits grew steadily to Tk11,002 crore, while IDLC maintained a healthy loan book of Tk12,060 crore.
The non-performing loan ratio stood at 4.44%, lower than 4.60% in Q1 2025. It also remained significantly below the industry average, with a provision coverage ratio of 108%.
IDLC said this demonstrates its disciplined credit risk management practices and reflects its commitment to protecting the balance sheet and maintaining long-term financial resilience.
IDLC's subsidiaries – IDLC Securities Limited, IDLC Investments Limited and IDLC Asset Management Limited – also continued their positive momentum in Q1 2026, contributing to the group's strong financial performance and reinforcing its diversified business model.
The board of directors approved the financial statements for Q1 2026 at the company's 366th board meeting, held at the IDLC corporate head office in Gulshan, Dhaka, today (6 May).
"Starting the year with 22% profit growth demonstrates that our strategic direction is accurate. With a strengthening loan book, improving asset quality and subsidiaries that are contributing meaningfully, IDLC enters the rest of 2026 from a position of earned confidence," said IDLC Finance Managing Director and CEO M Jamal Uddin.
"Trust remains the foundation of IDLC's progress. This quarter's result reflects the confidence our customers continue to place in us, and we are committed to building on it with prudence, consistency and a clear focus on long-term value for all our stakeholders," said IDLC Finance Chairman Kazi Mahmood Sattar.
Key highlights for the quarter ended 31 March 2026
- Consolidated net profit after tax stood at Tk62.2 crore, marking 22% year-on-year growth.
- Earnings per share rose to Tk1.43 from Tk1.17 in Q1 2025.
- Annualised return on equity stood at 11.26%, compared with 10.02% in Q1 2025.
- Return on assets stood at 1.36%, compared with 1.34% in Q1 2025.
- Customer deposits stood at Tk11,002 crore on a standalone basis.
- The standalone loan book stood at Tk12,060 crore.
- The non-performing loan ratio improved to 4.44% from 4.60% in Q1 2025.
- Provision coverage stood at 108%.
