April 22, 2025 (MLN): BankIslami Pakistan Limited (PSX: BIPL) has released its condensed interim consolidated financial results for the period ended March 31, 2025, reporting a profit after taxation of Rs2.61 billion, reflecting an 18.72% decline from Rs3.21bn recorded in the same period last year.
The bank’s earnings per share dropped to Rs2.3575 from Rs2.9004.
Total income rose by 6.34% to Rs12.38bn, compared to Rs11.64bn in March 2024.
This was despite a 33.90% decline in profit/return earned, which stood at Rs19.67bn, down from Rs29.75bn. Profit/return expensed also decreased significantly by 47.03% to Rs10.43bn.
Other income witnessed a sharp growth of 98.10%, reaching Rs3.15bn, mainly driven by a substantial increase in gain on securities, which surged by 874.65% to Rs2.11bn.
Fee and commission income grew by 16.89% to Rs735 million.
However, foreign exchange income dropped by 66.78% to Rs132.89m, and income from Shariah-compliant alternatives of forward FX contracts declined by 64.76%.
On the expenses side, operating expenses jumped by 44.29% to Rs7.05bn, contributing to a 45.16% increase in total other expenses which reached Rs7.28bn.
Despite a positive impact from a credit loss recovery of Rs390.5m, profit before taxation declined by 12.94% to Rs5.49bn, compared to Rs6.31bn in the same period last year.
The bank incurred taxation of Rs2.88bn, slightly lower than the Rs3.09bn paid in the previous year.
| Condensed Interim Consolidated Profit and Loss Account (Un-audited) (Rupees '000) | |||
| Description | Mar-25 | Mar-24 | %Change |
| Profit / return earned | 19,665,159 | 29,751,745 | -33.90% |
| Profit / return expensed | 10,434,380 | 19,699,444 | -47.03% |
| Net Profit / return | 9,230,779 | 10,052,301 | -8.17% |
| OTHER INCOME | – | ||
| Fee and commission income | 735,048 | 628,811 | 16.89% |
| Dividend income | 26,306 | – | – |
| Foreign exchange income | 132,890 | 400,011 | -66.78% |
| Income from shariah compliant alternative of forward FX contracts | 106,405 | 301,971 | -64.76% |
| Gain on securities – net | 2,107,651 | 216,248 | 874.65% |
| Net gains on derecognition of financial assets | – | – | – |
| Other income | 40,312 | 42,334 | -4.78% |
| Total other income | 3,148,612 | 1,589,375 | 98.10% |
| Total Income | 12,379,391 | 11,641,676 | 6.34% |
| OTHER EXPENSES | |||
| Operating expenses | 7,053,329 | 4,888,236 | 44.29% |
| Workers welfare fund | 112,063 | 126,106 | -11.14% |
| Other charges | 113,436 | 127 | – |
| Total other expenses | 7,278,828 | 5,014,469 | 45.16% |
| Share of (loss) / profit from associates | – | – | – |
| Profit before credit loss allowance | 5,100,563 | 6,627,207 | -23.04% |
| Credit loss allowance and write offs – net | (390,536) | 320,155 | – |
| Extraordinary / unusual items | – | – | – |
| PROFIT BEFORE TAXATION | 5,491,099 | 6,307,052 | -12.94% |
| Taxation | 2,877,373 | 3,091,424 | -6.92% |
| PROFIT AFTER TAXATION | 2,613,726 | 3,215,628 | -18.72% |
| ATTRIBUTABLE TO: | – | ||
| Equity Shareholders of the Holding Company | 2,613,726 | 3,215,628 | -18.72% |
| Non-controlling interest | – | – | – |
| Basic and Diluted earnings per share | 2.3575 | 2.9004 | -18.72% |
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Posted on: 2025-04-22T16:40:53+05:00
