Walton’s profit increases by 12 percent in Q2

Business Desk :

Walton Hi-Tech Industries PLC reports that the profit of the company went up in the second quarter of fiscal year 2024-25 as it adjusted sales prices to align with higher costs.

The company reported a profit of Tk 155.43 crore in the October-December quarter, reflecting a 12 percent year-on-year growth.

Shares of Walton declined 0.73 percent to Tk 500 as of mid-day trading today on the Dhaka Stock Exchange.

The earnings per share (EPS) stood at Tk 5.13 for October-December 2024, up from Tk 4.56 in the same period a year earlier, according to its financial statements.

However, for the first half of the fiscal year, the EPS dropped to Tk 10.05 from Tk 11.24 recorded in the corresponding period of the previous year.

For the half-year period ended December 31, 2024, Walton reported a net profit after tax of Tk 304.47 crore, down from Tk 340.35 crore in the previous year.

The company highlighted rising raw material costs, a vulnerable global market, and currency devaluation as key factors affecting its financial performance, according to a price-sensitive disclosure.

Despite these hurdles, Walton achieved a 7.51 percent growth in net revenue by adjusting sales prices with increased costs.

The company also noted an increase in VAT on its refrigerator and air conditioner this fiscal year, which impacted operating costs.

The Net Operating Cash Flows Per Share (NOCFPS) also declined significantly, standing at Tk 6.93 for the period, compared to Tk 27.16 in the same period of 2023.