Friday, March 28, 2025
News

BSNL makes quarterly profit after 17 years

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

New Delhi | February 14, 2025 9:12:49 PM IST
State-owned telecom services provider Bharat Sanchar Nigam Limited (BSNL) has reported a profit of Rs 262 crore in the third quarter of the financial year, marking its first return to profitability since 2007.

This milestone reflects the company's focus on innovation, aggressive network expansion, cost optimization, and customer-centric service improvements.

Minister for Communications Jyotiraditya Scindia said BSNL's all three line functions -- cellular mobility, FTTH, and lease lines grew during the quarter -- at 15 per cent, 18 per cent and 14 per cent, respectively.

"Under the leadership of Prime Minister Modi, the government's own telecom service provider is going back to its path of profitability and we certainly hope that this year will not only see increase in revenues at the end of the fourth quarter, and we (will) also keep expenditure and cost under control and significantly reduce losses...," Scindia told reporters.

BSNL's number of subscribers also increased from 8.4 crore in June 2024 to close to 9 crore in December 2024, the minister told the reporters on Friday.

Of planned 100,000 towers, almost 75,000 have been erected, the minister said. About 65,000 odd have been commissioned and by June this year all 100,000 towers will be operational.

Separately, announcing the quarterly financial results, A. Robert J. Ravi, CMD, BSNL, said, with these efforts, they expect revenue growth to improve further, exceeding 20 per cent by the end of the financial year.

Additionally, BSNL has successfully reduced its finance cost and overall expenditure, leading to a decline in losses by over Rs 1,800 crore compared to last year.

To enhance the customer experience, they have introduced new innovations such as National WiFi Roaming, BiTV - Free Entertainment for All Mobile Customers, and IFTV for All FTTH Customers.

"Our continuous focus on Quality of Service and Service Assurance has further strengthened customer trust and reinforced BSNL's position as a leading telecom service provider in India," the CMD said. (ANI)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Indian markets open flat, muted volumes ...
India's Industrial and Logistics sector ...
Govt's capex focus shifts from roads to ...
Auto sales in March to remain positive f...
Tribhuvan Cooperative University Bill, 2...
Vinsmera Group to Invest Rs2,000 Cr for ...
More...
 
INDIA WORLD ASIA
'Leaders should not be criticised': Cong...
Police should catch Kunal Kamra, make hi...
Indian Army reports death of Police pers...
Tamil Nadu: Forest Department recovers 2...
J-K: Baramulla Police recovers arms and ...
Auraiya police arrests two more accused ...
More...    
 
 Top Stories
Delhi Police crackdown on illegal g... 
Perks: Jatin and Mohit Vijayran's J... 
Saif Ali Khan, Jaideep Ahlawat's 'J... 
Revyz Unveils Game-Changing Deploym... 
"Hawa Hawai budget...": LoP Atishi ... 
Australia to hold federal election ... 
Easily Bring Home Your Dream Car wi... 
"Mamata Banerjee only thinks about ...