PTCL Group posts Rs4.7bn profit

PTCL Group, comprising Pakistan Telecommunication Company Ltd, the merged telco company (Ufone and Telenor), and U Microfinance Bank (Ubank), reported a net profit of Rs4.7 billion during the July-September period of the 2026 calendar year. Revenue surpassed Rs304 billion, marking a 343 percent surge in net profit to Rs3 billion, as reported by PTCL Chief Executive Officer Nadeem Khan on Thursday.

The group's profitability was anticipated to improve due to the highest level of business costs, including elevated electricity expenses, fuel prices, and inflationary effects. Khan emphasized the pursuit of an industrial electricity tariff for the telecom sector from the government to expand infrastructure in remote areas. The mobile business, encompassing the merged telecom company, experienced revenue growth of 139 percent over the same period last year, with an operating profit of Rs33.5 billion.

Chief Operating Officer of the merged telco, Atif Raza, disclosed that the company was integrating and rebranding its operations. Approximately 40 percent of Ufone and Telenor's infrastructure had been integrated, benefiting around 70 percent of its 76 million customers. Ubank generated revenues of Rs18.3 billion and reported an operating profit, contrary to an operating loss in the same period last year. PTCL Group invested over Rs53 billion in the first nine months of the 2026 calendar year.