WorldCall Telecom Limited (PSX: WTL) reported a 17.3% reduction in its net loss for Q3 CY24, posting a loss of Rs342.68 million (Loss per Share: Rs0.07), an improvement from the Rs414.42 million loss (LPS: Rs0.13) reported in the same period last year. Although the company remains in a loss position, revenue surged by 84.2% year-on-year, largely driven by positive operational adjustments.
Financial Performance Overview
WorldCall’s Q3 revenue increased significantly to Rs1.38 billion, reflecting an 84.2% year-on-year growth. However, rising costs impacted the company’s bottom line.
| Metric | Q3 CY24 / Q3 CY23 (% Change) |
|---|---|
| Revenue | Rs1,384,337 / Rs751,374 (+84.24%) |
| Net Loss | Rs(342,680) / Rs(414,419) (-17.31%) |
| Loss Per Share (LPS) | (0.07) / (0.13) |
Cost and Expense Breakdown
Despite the revenue boost, direct costs (excluding depreciation and amortization) rose by 75.6%, and operating costs increased by 14.8%. Depreciation and amortization expenses also saw a 12.33% rise.
| Expense Category | Q3 CY24 / Q3 CY23 (% Change) |
|---|---|
| Direct Costs (excl. depreciation) | Rs1,276,439 / Rs726,886 (+75.60%) |
| Operating Costs | Rs121,243 / Rs105,598 (+14.82%) |
| Depreciation and Amortization | Rs206,360 / Rs183,709 (+12.33%) |
Other Income and Finance Cost
The company recorded a substantial 294.95% increase in other income, contributing positively to the profit before interest, tax, and depreciation (EBITDA). However, finance costs increased by 5.6%, reaching Rs162.35 million due to higher interest rates.
| Other Items | Q3 CY24 / Q3 CY23 (% Change) |
|---|---|
| Other Income | Rs55,238 / Rs13,986 (+294.95%) |
| Finance Cost | Rs162,352 / Rs153,755 (+5.59%) |
Taxation
Tax expenses rose by 61.3%, with the company paying Rs15.86 million compared to Rs9.83 million in Q3 CY23.
| Taxation | Q3 CY24 / Q3 CY23 (% Change) |
|---|---|
| Tax Expense | Rs15,861 / Rs9,831 (+61.34%) |
WorldCall’s financials for Q3 CY24 underscore improved revenue performance alongside increasing operating costs, signaling the need for cost optimization to achieve sustainable profitability.
