Ncell Axiata Limited posted Rs 8.18 billion in revenue for the first quarter of the current fiscal year ending October 16, 2025. The company’s EBITDA margin stood at 49 percent. Amid ownership transition issues involving Spectrlite UK Limited, Ncell expanded its credit rating ceiling to Rs 32 billion to secure both long-term and short-term loans. ICRA Nepal assigned an ‘LA’ rating for Rs 20 billion in long-term debt. Reynolds Holding currently owns 80 percent of the company, while Sunivera Ventures holds the remaining 20 percent.
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