14th May 2021, Kathmandu
In the first and second quarters of the year, the total service revenue was Rs. 8,63,53,40,041, and Rs. 9,08,95,73,462 in the current fiscal year. In the third quarter of the year, total service revenue increased by 7% to Rs. 9,72,64,39,459.
In the current fiscal year, net profit for the first and second quarters of the year was Rs. 1,51,77,69,381 and Rs. 1,77,16,25,079, respectively. Net profit increased by Rs. 82,34,52,370 over the previous quarter to Rs. 2,59,50,77,449.
In the current fiscal year, total service revenue up to the third quarter was Rs. 26,83,66,45,272. Total service income increased by 2.29 percent to Rs. 27,45,13,52,961 in the previous year’s corresponding period.
The previous year in the third quarter, gross service revenue was Rs. 8,79,70,69,183. The gross service revenue in the third quarter of the year ranged from Rs. 92,93,70,276 to Rs. 9,72,64,39,459.
The previous year, the total income up to the third quarter of the current fiscal year was Rs. 32,27,23,23,046 compared to Rs. 31,67,37,73,937 in the same time last year.
The company’s net profit for the third quarter of the current fiscal year was Rs. 7,56,55,15,380. For the same time frame, the net profit was Rs. 5,88,44,71,909.
The following are the primary reasons for the downturn in the current fiscal year under these headings:
- Due to the direct impact of the pandemic, there has been a decline in trade worldwide.
- The interest rate on the bank and financial institution term deposits and call deposits has risen in the current fiscal year relative to the previous year. As interest income fell.
- Due to the outbreak and travel restrictions, there has been an unprecedented decline in international roaming services, as well as a sharp decline in international interconnection services due to their growing use.
- Over the evaluation period, a rise in the minimum wage of manpower from external suppliers, an increase in infrastructure costs, a shift in the foreign exchange rate, and the implementation of emerging technology such as depreciation have resulted in an increase in depreciation and an impact on income.