KATHMANDU — Nepal Telecom has reported a significant 48.6 percent drop in net profit for the first nine months of the current Fiscal Year (FY) 2024/25, posting Rs 2.84 billion compared to Rs 5.53 billion during the same period last year. The decline is primarily attributed to a sharp reduction in total revenue, particularly from interest income.
The company’s interest income fell by 46 percent, decreasing from Rs 5.19 billion last year to Rs 2.80 billion this year. This is notable as Nepal Telecom had invested heavily in deposits that previously generated substantial interest earnings.
Revenue from customer services, however, remained relatively stable, slightly dipping from Rs 25.48 billion to Rs 25.31 billion. Overall total revenue decreased from Rs 31.20 billion in the previous year to Rs 28.43 billion in the current period, mainly due to the interest income shortfall.
The profit decline also impacted earnings per share (EPS), which dropped to Rs 21.05 from Rs 41 in the prior year. Nepal Telecom maintains a paid-up capital of Rs 18 billion, a reserve fund of Rs 72.70 billion, and a net worth per share of Rs 503.93.
