Walton Hi-Tech Industries PLC, country’s leading electrical and electronics manufacturing company listed in capital market, has recorded about Tk 696.44 crore net profits during the first nine months (July’2024-March’2025) of the financial year 2024-25.
It was disclosed in the third quarter (Q3) unaudited financial statements of the company for the period ended 31 March, 2025.Â
The report was published after reviewed and approved by the company’s board of directors in its 44th meeting held on Sunday.
The report says, following the post pandemic impact and Russian’s invasion of Ukraine, global economy continued to be weakened, the price hike of material and devaluation of Bangladesh currency have increased material cost and also higher inflation rate has impacted company’s operating cost.
In addition, VAT on the supply of refrigerator has been increased to 7.5 percent from 5 percent and also 7.5 percent VAT has been imposed on the supply of air conditioner under the Finance Act 2024.
Due to increased cost pressures, the company’s operating profit margin during the July-March period of 2024-2025 declined to 22.09 per cent from 24.73 per cent in the previous year’s same period. In addition, the finance cost as a percentage of sales rose to 7.29 per cent from 6.14 per cent, driven by higher borrowing costs and devaluation of Bangladesh currency against dollar.
As a result of these combined economic and political challenges, the net profit after tax for the period ended 31 March, 2025 stood at TK.696.44 Crore and Earnings Per Share (EPS) of Tk 22.99 whereas in comparative period ended 31 March, 2024 the net profit after tax was Tk 762.34 crore and EPS was Tk 25.17.
As on March 31 of 2025, the Company’s Net Asset Value Per Share (NAVPS) stood at Tk 277.04 without revaluation and Tk 378.42 with revaluation.
