Nepal Doorsanchar Company (NTC) Reports Incremental Growth in Q3 Net Profits, Achieving Rs. 5.59 Arba; EPS at Rs. 41.44
Mon, May 13, 2024 11:17 AM on Financial Analysis, Company Analysis, Latest,
Nepal Doorsanchar Company Limited (NTC), popularly known as Nepal Telecom, has recently unveiled its third-quarter report for the fiscal year 2080/81, indicating a notable uptick in Net Profits compared to the corresponding quarter in the previous fiscal year. In Q3, the company achieved a Net Profit of Rs. 5.59 Arba, showing an incline from Rs. 5.41 Arba in the corresponding quarter of FY 2079/2080.
Despite a marginal decrease of 6.82% in revenue, totaling Rs. 25.48 Arba, NTC showcased substantial growth in income from other sources, with a remarkable surge of 229.08% to reach Rs. 53.02 Crores from Rs. 16.11 Crores in the third quarter of the previous fiscal year.
In terms of expenses, NTC witnessed a reduction in administrative costs by 5.28% to Rs. 5.84 Arba, alongside a 5.8% decrease in operating and maintenance expenses, totaling Rs. 4.97 Arba compared to Rs. 5.28 Arba in the corresponding quarter of FY 2080/81.
NTC has significantly augmented its investments, reaching a cumulative figure of Rs. 65.23 Arba, encompassing both long-term and short-term investments. The company maintains a paid-up capital of Rs. 18 Arba and possesses Rs. 74.33 arba in reserves and surplus.
Key financial metrics for NTC include an annualized Earning per Share (EPS) of Rs. 41.44, a net worth per share of Rs. 512.99, and a Price-to-Earnings (P/E) ratio of 20.13 times.
Major Financial Highlights:
* Figures are of the Previous Year's Quarter Ending (Ashad 31, 2080)
| Particulars (Rs in 000) | Nepal Telecom | ||
|---|---|---|---|
| Q3 2080/81 | Q3 2079/80 | Difference | |
| Paid Up Capital | 18,000,000 | 18,000,000* | 0.00% |
| Reserve and Surplus | 74,338,623 | 75,945,038* | -2.12% |
| Property, Plant and Equipment | 47,414,209 | 50,859,361* | -6.77% |
| Investment (Long Term + Short Term) | 65,235,565 | 71,965,601* | -9.35% |
| Trade Receivables | 1,499,360 | 2,087,247* | -28.17% |
| Revenue from Operation | 25,481,289 | 27,346,648 | -6.82% |
| Other Income | 530,200 | 161,118 | 229.08% |
| Finance Income | 5,193,369 | 5,700,800 | -8.90% |
| Administration Expenses | 5,840,480 | 6,166,306 | -5.28% |
| Operating and Maintenance Expenses | 4,978,472 | 5,285,067 | -5.80% |
| Net Profit | 5,593,768 | 5,411,975 | 3.36% |
| Annualized EPS (In Rs.) | 41.44 | 40.09 | 3.36% |
| Net Worth per Share (In Rs.) | 512.99 | ||
| Qtr End P/E Ratio | 20.13 | ||
| Current Ratio | 1.66 | ||
