Welcast Group has reported its strongest financial performance in its three-decade history, achieving a remarkable 18% year-over-year revenue growth in fiscal year 2024. The diversified conglomerate, which operates across agriculture, real estate, healthcare, technology, and trading, saw growth across all its business verticals.
The group's agricultural division led the charge with a 22% increase in revenue, driven by expanded rubber plantation operations and record crop yields. The real estate division contributed significantly with the successful completion of Welcast Tower and ongoing developments.
"Our consistent growth reflects the strength of our diversified portfolio and the dedication of our 15,000+ employees," said the Group Chairman. "We remain committed to creating value for our stakeholders while contributing to Bangladesh's economic development."
Key highlights include: - Total revenue growth of 18% compared to previous fiscal year - Agricultural exports increased by 25% - Real estate deliveries exceeded 500,000 sq ft - Healthcare division served over 200,000 patients - IT division completed 150+ enterprise projects
The group plans to invest BDT 500 crore in expansion projects over the next three years, focusing on technology infrastructure, sustainable agriculture, and premium real estate developments.