Last Updated on June 23, 2026
Ncell Axiata ended the year 2021 with NPR 41 billion in revenues. The private telco also maintained its EBITDA at 58%, its latest yearly report shows.
The private operator generated a total of 41 billion and 45 crores of revenues in 2021. As per the report, Ncell collected 10 billion, 19 crore, and 70 lakh revenues in the final quarter (Q4) of 2021. This was an increase of 2.3% against the Q3 revenues of this same year.
However, comparing the total yearly revenue against 2020, Ncell’s total collection this year dropped by 1.14%. In 2020, Ncell ended its annual book with 41 billion 92 crores and 80 lakh. Ncell’s year-to-year revenue dropped by 47 crores, and,80 lakh. The has blamed the marginal slump on “lockdown and stiff competition”.
| Ncell’s Total Revenues in 2021 | Ncell’s Total Revenues in 2020 | Growth | Growth in percent |
| 41.45 billion (NPR) | 41.92 billion (NPR) | 47.80 billion (NPR) ↓ | 1.14% ↓ |
However, the telco did maintain a healthy EBITDA (earnings before interest, taxes, depreciation, and amortization).
The company says, “whilst revenue continues to be dragged by lockdown and competitive pressures, we are encouraged by the growth in EBITDA on the back of cost controls and its healthy EBITDA margin.”
Ncell managed 56.725% of EBITDA in 2020. In 2021, the company grew to 58.15% marking a YoY increase of 1.4%. Besides, its PATAMI also jumped to more than 100% from a low base in FY20 due to asset write-off.
Ncell’s 2021 Revenues Encouraged by Data Service
Another encouragement for Ncell is its boost in data consumption. Ncell’s data service contributed 24.25% to its total revenue collection. This increased to 27% in 2021 which meant a yearly increase of 2.75% point.
The report shows Ncell users’ data consumption rise by an exceptional 40.10% in a year-to-year comparison. In 2021, each Ncell subscriber used 3,411.25 MB per month on average. In 2020, people were only using 2,043 MB of data per month marking an increase of 1,368 MB in y-t-y comparison.
| Ncell’s Data Consumption in 2021 (per user/month) | Ncell’s Data Consumption in 2020 (per user/month) | Growth | Growth in percent |
| 3,411.25 MB | 2,043 MB | 1,368 MB ↑ | 40.10% |
Ncell closed its books of 2021 with a slight regress in revenues but with positives in EBITDA, and PATAMI. Ncell will also find encouragement by data consumption which has been massively soaring since the COVID-19 lockdown began. This year in 2022, Ncell would be keen on increasing its revenues and asserting its 5G approach further. The private telco could also roll out VoLTE calling feature this year.
How do you rate Ncell’s call and data services? Do share your impression below in the comments.
