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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Posted on: 2025-04-25T16:25:16+05:00
