BAFL reports 47.4% YoY increase in quarterly profits

Consolidated Financial Results for the quarter ended March 31, 2022 ('000 Rupees)

Mar-22

Mar-21

% Change

Mark-up/return/interest earned

35,952,161

21,389,307

68.08%

Mark-up/return/interest expensed

21,673,191

11,064,172

95.89%

Net mark-up/interest income

14,278,970

10,325,135

38.29%

Non mark-up/interest income

Fee and commission income

2,537,304

1,943,395

30.56%

Dividend income

 194,511

132,720

46.56%

Foreign exchange income

 1,430,821

 657,996

117.45%

Gain/(loss) from derivatives

 80,457

49,113

63.82%

Gain / (loss) on sale of securities

11,068

1,094,391

-

Share of profit from associates

61,268

38,345

59.78%

Other income

160,787

38,127

321.71%

Total non-mark-up/interest income

 4,476,216

3,954,087

13.20%

Total income

18,755,186

14,279,222

31.35%

Non mark-up/interest expenses

Operating expenses

10,341,028

8,509,541

21.52%

Workers welfare fund

160,162

109,584

46.15%

Other charges

1,803

6,535

-72.41%

Total non-mark-up/interest expenses

 10,502,993

8,625,660

21.76%

Profit before provisions

8,252,193

5,653,562

45.96%

Provisions and write offs - net

385,859

 216,168

78.50%

Extra-ordinary/ unusual items

  -  

 -  

Profit before taxation

7,866,334

5,437,394

44.67%

Taxation

2,836,174

2,015,158

40.74%

Profit after taxation

5,030,160

                                      3,422,236

46.98%

Earnings per share - basic (rupees) - Restated

2.83

1.92

47.40%