Nepal Doorsanchar Company Unveils Q2 Report with Net Profits Declining; EPS at Rs. 43.68
Tue, Feb 13, 2024 11:22 AM on Financial Analysis, Company Analysis, Latest,
Nepal Doorsanchar Company Limited (NTC), also known as Nepal Telecom, has recently released its second-quarter report for the fiscal year 2080/81. The report indicates a decrease in Net Profits compared to the same quarter in the previous fiscal year. In Q2, the company achieved a Net Profit of Rs. 3.93 Arba, a decline from Rs. 4.25 Arba in the corresponding quarter of FY 2079/2080.
There is an increase in the company's income from other sources, showing a substantial growth of 567.38% to reach Rs. 44.64 Crores from Rs. 6.68 Crores in the second quarter of the previous fiscal year.
In terms of expenses, administrative costs have decreased by 2% to Rs. 3.52 Arba, while operating and maintenance expenses have seen a 7.42% reduction, totaling Rs. 3.18 Arba compared to Rs. 3.44 Crores in the corresponding quarter of FY 2080/81.
NTC has augmented its investments, reaching a cumulative figure of Rs. 75.51 Arba, encompassing both long-term and short-term investments. The company maintains a paid-up capital of Rs. 18 Arba and possesses Rs. 72.67 arba in reserves and surplus.
Financial metrics for the company include an annualized Earning per Share (EPS) of Rs. 43.68, a net worth per share of Rs. 503.76, and a Price per price-per-earnings ratio of 20.62 times.
Major Financial Highlights:
* Figures are of Immediate Previous Year Quarter Ending
| Particulars (Rs in 000) | Nepal Telecom | ||
|---|---|---|---|
| Q2 2080/81 | Q2 2079/80 | Difference | |
| Paid Up Capital | 18,000,000 | 18,000,000* | 0.00% |
| Reserve and Surplus | 72,676,442 | 75,945,038* | -4.30% |
| Property, Plant and Equipment | 49,065,780 | 50,859,361* | -3.53% |
| Investment (Long Term + Short Term) | 75,513,455 | 71,965,601* | 4.93% |
| Trade Receivables | 1,866,439 | 2,087,247* | -10.58% |
| Revenue from Operation | 17,246,780 | 18,077,349 | -4.59% |
| Other Income | 446,445 | 66,895 | 567.38% |
| Finance Income | 3,616,155 | 3,956,893 | -8.61% |
| Administration Expenses | 3,514,409 | 3,586,258 | -2.00% |
| Operating and Maintenance Expenses | 3,186,231 | 3,441,769 | -7.42% |
| Net Profit | 3,931,404 | 4,254,777 | -7.60% |
| Annualized EPS (In Rs.) | 43.68 | ||
| Net Worth per Share (In Rs.) | 503.76 | ||
| Qtr End P/E Ratio | 20.62 | ||
| Current Ratio | 1.52 | ||
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