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The BSNL is targeted to more than 20 percent to the revenue growth by the end of the financial year, with constant focus on upgrading services, 5G preparations and digital changes.
BSNL becomes beneficial for the first time in 17 years.
Public Telecom, for India, BSNL), Bharat Scholar Nigam Limited (BSNL) on Saturday described a net profit of Rs 262 crore in the third quarter of the financial year 2024-25. This is the first time in the history of public telecommunications since 2007 when it became profitable. The company’s mobility services increased by 15 percent year-on-year, with an increase of 18 percent in fiber-to—house (FTTH) revenue.
BSNL was successful in cutting its financial cost and overall expenditure, decreasing by more than Rs 1800 crore compared to last year. Its Ebitda (earning before interest, taxes, depreciation and pre -refinement) doubled in the last four years, reaching Rs 2,100 crore in FY 2014.
Declaring quarterly financial results, Mr. A. Robert J. Ravi, CMD, BSNL, said: “We are pleased with our financial performance in this quarter, which reflects our attention on innovation, customer satisfaction and aggressive network expansion. With these efforts, we hope that revenue growth will improve further, more than 20% by the end of the financial year. Revenue from dynamics, ftth, and lines on lease has increased by more than 15%, 18%and 14%respectively than the previous year’s Q3. Additionally, BSNL has successfully reduced its finance cost and overall expenditure, causing more than 1,800 million losses compared to the previous year.
BSNL’s major highlights of financial performance and development strategy:
Strong revenue growth:
• Mobility services revenue increased by 15%.
• Fiber-to-the-home (FTTH) revenue increased by 18%.
• Revenue of more than last year’s Q3 leased line services increased by 14%.
The BSNL is targeted to more than 20 percent to the revenue growth by the end of the financial year, with constant focus on upgrading services, 5G preparations and digital changes.
