Walton Hi-Tech Industries PLC, a leading electrical and electronics manufacturer listed on Bangladesh’s capital market, has posted a net profit of Tk 304.47 crore during the first half (July-Dec) of the financial year 2024-25.
The unaudited financial statements for the period ending December 31, 2024, were disclosed during the company’s 43rd Board of Directors meeting on Monday, January 27, 2025.
According to the report, the global economy remains under pressure due to the lingering effects of the pandemic, the Russia-Ukraine war, and subsequent disruptions in trade, food, and fuel supplies. These challenges, coupled with material cost hikes, currency devaluation, and increased inflation, have significantly impacted Walton’s operating costs. Moreover, the Finance Act 2024 imposed a higher VAT on refrigerators (7.5%, up from 5%) and air conditioners (7.5%), further affecting profit margins.
Read more: Walton launches new 4K interactive displays for offices, educational institutes
Walton’s profit margin for the first half of FY 2024-25 dropped to 19% from 22.17% in the same period last year. Finance costs also rose slightly to 7.73% of net revenue from 7.51%. The net profit margin declined to 11.96% of sales from 14.37% in the previous period. Consequently, the company’s net profit after tax stood at Tk 304.47 crore, with an Earnings Per Share (EPS) of Tk 10.05, compared to Tk 340.35 crore and Tk 11.24 EPS in the corresponding period last year.
As of December 31, 2024, Walton’s Net Asset Value Per Share (NAVPS) was Tk 264.07 without revaluation and Tk 365.47 with revaluation. However, the Net Operating Cash Flow Per Share (NOCFPS) declined to Tk 6.93 from Tk 27.16 due to increased supplier payments and reduced reliance on bank borrowings.
Read more: Akij Bakers Ltd. Launches Premium Chocolate Brand ‘Hi5’ in the market.
Walton’s management emphasized that these cash flow adjustments are strategic steps to ensure long-term growth and operational stability. They remain optimistic about stronger profits in the upcoming quarters, driven by anticipated sales growth during peak seasons.
