BSNL becomes profitable after 17 years, Ebitda doubles in four years; Telecom Min Syndia calls it ‘turning point’. Stock market news

BSNL has posted net profit 262 crore for the December quarter, marking its return to profitability after about 17 years, Union Minister Jyotiraditya Scindia said on Friday that this is the “important twist point” for the state -owned telco which is the service prasad and the customer Focus on the expansion of the base.

BSNL made a improvement in many cases, which increased by 14-18 percent during mobility, FTTH and leased line service offering, Syndia, Sindia, Minister of Communications said that the subscriber base has also increased by about 9 crores in December, From 8.4 crores, 8.4 crores. june.

“Today is an important day for BSNL, and for a trip to the telecom sector in India … BSNL first posted a profit in the third quarter of FY2024-25, on a quarterly basis. When BSNL posted a quarterly benefit, he was in the year 2007, “he said on BSNL’s earnings.

Came about net profit 262 crores in the third quarter of the financial year. Mobility Services Revenue increased by 15 percent, fiber-to-the-hom (FTTH) revenue increased by 18 percent and was leased in line services revenue at a distance of more than the previous year.

The Q3 Scorecard underlined the attention of Telco on innovation, network expansion, cost adaptation and customer-focused service reforms.

Additionally, BSNL has cut its finance cost and overall expenditure, causing a decline in damage by over 1,800 crores compared to last year.

In terms of increasing customer experience, BSNL has offered offerings such as National WiFi roaming, BITV – free entertainment for all mobile customers and the first private 5G connectivity for IFTV and mining for all FTTH customers.

“We certainly hope that this year will not only see an increase in revenue at the end of the fourth quarter for the full financial year, but will keep the expenditure and cost under control and the losses from the previous year’s data significantly reduce the loss significantly. Will do it.

In the last four years, BSNL doubled from Ebitda About 1,100 crores 2,100 crores as FY23-24.

“… and the return to the profitability of this quarter is a significant turn for BSNL as it is now ready to provide 4G services to all its customers in the length and width of the country. Of the 100,000 towers, about 75,000, Close, around 60,000 have been commissioned.