trending Market Intelligence /marketintelligence/en/news-insights/trending/aU8hlT0rQiw0CSKEDUy7LQ2 content esgSubNav
In This List

IFAD Autos fiscal Q3 profit climbs 54.5% YOY

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Corporate Credit Risk Trends in Developing Markets: A Loss Given Default (LGD) Perspective

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow


IFAD Autos fiscal Q3 profit climbs 54.5% YOY

IFAD Autos Ltd. said its normalized net income for the fiscal third quarter ended March 31 came to 78 poisha per share, a gain of 54.5% from 51 poisha per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 127.8 million taka, an increase of 54.5% from 82.7 million taka in the year-earlier period.

The normalized profit margin climbed to 8.4% from 6.6% in the year-earlier period.

Total revenue rose 20.3% on an annual basis to 1.52 billion taka from 1.26 billion taka, and total operating expenses grew 19.0% year over year to 1.33 billion taka from 1.12 billion taka.

Reported net income grew 43.0% year over year to 151.8 million taka, or 93 poisha per share, from 106.2 million taka, or 65 poisha per share.

As of May 2, US$1 was equivalent to 78.45 taka.