Nepal Telecom has become a breeding ground for corruption and irregularities in recent years. The company's profits have plummeted significantly, largely due to Chinese involvement and the ineptitude of its top management. The financial report for the fiscal year 2080/81 makes it crystal clear that the management is utterly incapable of boosting the company's profits.

Decline in Revenue:
According to the public financial report, Nepal Telecom's total revenue for the current fiscal year stands at a mere NPR 41.61 billion, a sharp decline of NPR 2.8 billion from last year's NPR 44.42 billion. The total operating income has also dropped by 4.99%, amounting to only NPR 34.46 billion compared to the previous year.

Plummeting Profits:
Nepal Telecom's net profit for this fiscal year has nosedived to NPR 6.61 billion, a staggering 16.44% decrease from the previous year. The pre-tax profit has also fallen by 3.91%, settling at NPR 11.37 billion. The company's earnings per share have dwindled to just NPR 36.77.

Reasons Behind the Decline:

1. Rising Use of IP Services:
   Revenue from international services has plummeted by around NPR 1.43 billion, with the increasing use of IP services negatively impacting the company.

2. High Costs:
   The excessive expenditure on expanding services to remote and underserved areas has yielded minimal returns.

3. Service Rate Changes:
   Changes in service rate policies have adversely affected the company’s revenue stream.

4. Lower Bandwidth Costs:
   Bandwidth was procured at lower rates than in previous years, leading to reduced operational expenses.

5. Implementation of Pension Plan:
   The introduction of a contribution-based pension plan in the current fiscal year has increased financial burdens.

6. Challenges in Financial Management:
   Difficulties in managing resources for the third renewal fee of NTC’s operating license led to the premature withdrawal of fixed deposits, causing a loss of approximately NPR 1.29 billion in financial income.

The incompetence of Nepal Telecom's top management and the detrimental impact of Chinese involvement have weakened the company's financial standing, posing even greater challenges for the future. Current Managing Director Sangeeta Pahadi (Aryal), who previously served as the Chief Commercial Officer, has been a key figure in the company’s profit decline despite holding a high position. According to union officials, there is a strong possibility that she, like previous managing directors, could be implicated in corruption, necessitating vigilant oversight.