Walton posts Tk642.94cr profit in nine months
Walton Hi-Tech Industries PLC demonstrated resilience amid a challenging business environment, reporting a profit of Tk642.94 crore for the first nine months of FY2025–26.
Net profit for July 2025–March 2026 fell by Tk53.49 crore from last year, based on unaudited third quarter figures to 31 March 2026.
The board reviewed and approved the financial statements at its 51st meeting on 29 April.
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Walton reported a modest profit decline despite revenue growth, mainly due to higher VAT, but achieved a significant improvement in operating cash flow.
Net operating cash flow per share was Tk22.32 at the third quarter's end, up from negative Tk1.67 last year.
Management credited improved operating cash flow to better customer collections and efficient liquidity management.
Walton focused on internal cash generation over increased bank loans. Higher payments to the government—driven by VAT and taxable income—were managed through working capital discipline, strengthening liquidity.
The doubling of VAT on key products—such as refrigerators and air conditioners—from 7.5% to 15% increased pressure on the cost of sales. The company kept product prices unchanged, taking consumers' purchasing capacity into account.
Earnings per share were Tk19.29 for the period ended 31 March 2026, down from Tk20.90 last year.
Net asset value per share was Tk265.70 excluding revaluation and Tk366.80 including it.
The company changed its commercial policy, restructuring the rebate framework and launching target-based distributor incentives.
Management remains optimistic about sustaining profit growth through supply chain improvement, cost control, financial discipline, and strategic initiatives, despite external market challenges.
