HBL profit edges up in March 2025 quarter

By MG News | April 25, 2025 at 04:25 PM GMT+05:00

0:00

April 25, 2025 (MLN): Habib Bank Limited (PSX: HBL) has reported a consolidated profit after tax of Rs16.63 billion for the quarter ended March 31, 2025, reflecting an increase of 10.52% compared to Rs15.04bn in the same period last year (SPLY).

The bank has declared an interim cash dividend of Rs4.50 per share (45%).

The earnings per share (EPS) for the quarter stood at Rs11.32, compared to Rs10.37 in SPLY.

HBL total income for the quarter stood at Rs90.36bn, marking an 11.05% increase from Rs81.37bn in the corresponding period last year.

Net mark-up/return/profit/interest income grew by 12.33% to Rs68.75bn, supported by a 36.17% reduction in interest expense, even as mark-up earned declined by 21.25%.

Non-markup income rose by 7.18% to Rs21.61bn, aided by gains on securities and improved dividend and associate income, despite a drop in foreign exchange and derivative income.

Operating expenses increased by 7.28% to Rs50.27bn, while total non-markup expenses, including Workers’ Welfare Fund and other charges, grew by 7.09% to Rs50.98bn.

Credit loss allowances and write-offs declined by 24.83% to Rs2.74bn.

Despite these movements, HBL’s profit before taxation registered a solid growth of 21.67% to Rs36.64bn, while taxation expenses surged by 32.80% to Rs20.01bn during the quarter.

Consolidated Profit and Loss for the Three Month Ended March 31, 2025 (Rupees in '000)
Category	Mar-25	Mar-24	%Change
Mark-up / Return / Profit / Interest Earned	156,694,988	198,980,966	-21.25%
Mark-up / Return / Profit / Interest Expensed	87,944,416	137,777,272	-36.17%
Net Mark-up / Return / Profit / Interest Income	68,750,572	61,203,694	12.33%
Non Mark-up / Interest Income
Fee and Commission Income	11,588,386	11,891,918	-2.55%
Dividend Income	1,384,434	1,007,077	37.47%
Share of Profit of Associates	1,349,255	896,406	50.52%
Foreign Exchange Income	2,175,065	4,087,696	-46.79%
Income from Derivatives	780,774	2,417,841	-67.71%
Gain / (Loss) on Securities - Net	4,167,710	(283,097)
Other Income	168,362	148,885	13.08%
Total Non Mark-up / Interest Income	21,613,986	20,166,726	7.18%
Total Income	90,364,558	81,370,420	11.05%
Non Mark-up / Interest Expenses
Operating Expenses	50,272,809	46,861,270	7.28%
Workers' Welfare Fund	697,415	588,286	18.55%
Other Charges	11,291	158,496	-92.88%
Total Non Mark-up / Interest Expenses	50,981,515	47,608,052	7.09%
Profit Before Credit Loss Allowance and Taxation	39,383,043	33,762,368	16.65%
Credit Loss Allowance and Write Offs - Net	2,743,194	3,649,085	-24.83%
Profit Before Taxation	36,639,849	30,113,283	21.67%
Taxation	20,013,088	15,069,700	32.80%
Profit After Taxation	16,626,761	15,043,583	10.52%
Attributable To:
Equity Holders of the Bank	16,605,085	15,217,216	9.12%
Non-Controlling Interest	21,676	(173,633)	-
Profit After Taxation	16,626,761	15,043,583	10.52%
Basic and Diluted Earnings Per Share (Rs.)	11.32	10.37	9.16%

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