Nepal Telecom (NTC) Releases Q3 Report with Stable Net Profit, Increased Investments, and Strong Financial Position
Nepal Doorsanchar Company Limited (NTC), commonly known as Nepal Telecom, has published its third-quarter report for the fiscal year 2079/80. The report reveals that the company has achieved almost similar figures in Net Profits compared to the corresponding quarter of the previous fiscal year. In Q3, NTC recorded a Net Profit of Rs. 5.41 Arba, which is slightly lower than the Rs. 5.43 Arba achieved in the same quarter of FY 2078/2079.
However, the company’s income from other sources has seen a notable increase of 35.78%, reaching Rs. 5.86 Arba in the third quarter of the current fiscal year, compared to Rs. 4.31 Arba in the previous fiscal year.
While the administrative expenses of the company have risen by 16.25% to Rs. 89.87 crores during Q3 of this fiscal year, NTC has successfully reduced its operating and maintenance expenses by 13.65% to Rs. 5.28 Arba, as opposed to Rs. 6.12 Arba during the corresponding quarter of FY 2078/79.
NTC has also made significant increments in its investments, which now amount to Rs. 72.66 Arba, including both long-term and short-term investments.
With a paid-up capital of Rs. 18 Arba and reserves and surplus of Rs. 75.47, Nepal Telecom stands in a robust financial position.
The company maintains an Earning per Share (EPS) of Rs. 40.09 and was traded at a Price per Earnings Ratio of 20.40 times.