Bsnl this October-December Q3 making a net profit of 262 crore after 17 years. EBITA has doubled in the last four years, the report says.
The last time BSNL was profitable was in 2007. So what were the changes made this year that led to the profit this year and would this be a turning point.
Telecommunications minister Jyotiraditya Scindia termed BSNL’s quarterly performance a “significant turning point” for the telecom giant, which has focused on expanding service offerings and subscriber base.
Reason:
People have subscribed from 8.4 crore in June to 9 crore this december. BSNL’s mobility services have grown this time to 15%,Line services revenue rose from 14% over a year compared to the same quarter of previous year.
“Today is an important day for BSNL and for the journey of the telecom sector in India…BSNL has, in the third quarter of FY 2024-25, for the first time in 17 years, posted a profit quarterly. The last time BSNL posted a quarterly profit was in the year 2007,” said Scindia on BSNL’s earnings.
The Q3F25 report underlined BSNL’s “focus on innovation, network expansion, cost optimisation, and customer-centric service improvements”.
“We certainly hope that this year will not just see an increase in revenues at the end of the fourth quarter for the full financial year, but will also (see BSNL) keep expenditure and costs under control and significantly reduce losses from the figures of last year,” said Scindia. In the last four years, BSNL’s EBITDA doubled from ₹1,100 crore to ₹2,100 crore as of FY 23-24.
Out of 100,000 towers, 75,000 have been installed, and about 60,000 have been commissioned. We hope that all 100,000 towers will be operational by June,” said Scindia.
Source: Livemint
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