Pakistan Telecommunication Company Limited (PSX: PTC) posted a 17% year-on-year reduction in consolidated losses for the quarter ended March 31, 2025, with after-tax loss narrowing to Rs3.97 billion. Revenue rose 22% to Rs61.85 billion, driven by strong top line performance, while cost of services remained largely stable.
Gross profit more than doubled to Rs19.97 billion, aided by improved service margins. However, operating expenses continued to climb and expected credit losses surged to Rs5.26 billion, reversing a provision reversal from the same period last year. Despite this, PTCL returned to an operating profit of Rs2.38 billion from a loss in the same quarter of 2024.
Finance costs remained flat at Rs13.45 billion, while other income declined by 20% to Rs5.53 billion. Loss per share improved to Rs0.78 from Rs0.94 a year earlier.
The results come shortly after PTCL finalized its acquisition of Telenor Pakistan, aiming to expand its market presence and infrastructure. The group has also been restructuring operations and investing in network modernization to enhance service delivery and capture digital growth opportunities.
