Nepal Telecom (NTC) has released its financial report for the first quarter of the current Fiscal Year (FY 2024/25), showing a mixed performance. The total revenue for the quarter stood at Rs 10.6 billion, which represents a decrease of Rs 585.7 million, or 5.49 percent, compared to the same period in the previous fiscal year when the total revenue was Rs 10.65 billion.
However, the company’s operating income for the quarter saw a slight increase, rising by Rs 95.12 million, or 1.11 percent, to reach Rs 8.68 billion. This is an improvement compared to the operating income of Rs 8.59 billion during the same quarter of the previous fiscal year.
On the downside, NTC reported a decline in net profit, which fell to Rs 1.74 billion, a decrease of Rs 287.84 million, or 14.20 percent, compared to Rs 2.27 billion in the first quarter of the previous fiscal year. Despite this, the company’s profit before tax (PBT) increased by Rs 214.35 million, or 6.42 percent, reaching Rs 3.56 billion, up from Rs 3.34 billion in the same quarter of the previous year.
Overall, while NTC experienced a reduction in total revenue and net profit, it reported positive growth in operating income and pre-tax profit, suggesting that certain parts of its business are performing better than others. The decline in net profit could be due to higher operating expenses or other non-operating costs, but the growth in operating income indicates that the company is maintaining solid operational performance.
