Walton Hi-Tech Industries Ltd, one of Bangladesh’s top electronics manufacturers, has reported a profit of Tk696.44 crore for the first nine months (July 2024–March 2025) of the current fiscal year, according to its unaudited financial report approved by the board on 27 April.
Despite challenges such as rising raw material costs, global market volatility, and currency depreciation, Walton maintained solid profitability. However, its operating profit margin dropped to 22%, compared to 24.73% in the same period last year. Increased VAT rates under the Finance Act 2024 and higher inflation also pushed up costs.
Finance expenses rose to 7.29% of sales due to currency devaluation and higher borrowing costs. As a result, earnings per share (EPS) fell 9% year-on-year to Tk22.99.
The Net Asset Value Per Share (NAVPS) stood at Tk277.04 without revaluation and Tk378.42 with revaluation. Meanwhile, Net Operating Cash Flow Per Share (NOCFPS) turned negative at Tk1.83, compared to Tk22.88 in the previous year. This shift was due to changes in working capital strategy, where the company paid suppliers using customer collections rather than loans.
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Despite the short-term pressures, Walton remains optimistic, expecting stronger sales and profit growth in the final quarter of FY25.
In a forward-looking move, the board also approved a Lithium-Ion Battery Cell Project to reduce import dependence and produce competitively priced batteries locally. Commercial production is scheduled to begin by mid-2026.
