Bharat Sanchar Nigam Limited reported a profit of Rs 262 crore in the third quarter of the financial year, marking its first return to profitability since 2007. This was due to customer additions driven by aggressive network expansion and cost optimisation measures.
“We are pleased with our financial performance this quarter, which reflects our focus on innovation, customer satisfaction, and aggressive network expansion. With these efforts, we expect revenue growth to improve, exceeding 20% by the end of the financial year,” A. Robert J. Ravi, CMD, BSNL, said in a statement.
This Rs 262-crore profit underscores BSNL’s resurgence and long-term sustainability, said Ravi, adding that BSNL has also reduced its finance cost and overall expenditure, leading to a decline in losses by over Rs 1,800 crore compared to last year.
The telco said its mobility services revenue grew by 15%, while Fiber-to-the-Home (FTTH) revenue increased by 18%. Leased Line services revenue rose 14% over Q3 of the previous year.
To enhance our customer experience, BSNL recently introduced 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,” he added.
The telco said it has continued to focus on service excellence, 5G preparedness, and digital transformation, which will further help BSNL stay competitive.
“This financial turnaround underscores BSNL’s commitment to providing high-quality, affordable telecom services while driving India’s digital growth. The company remains dedicated to enhancing service delivery, expanding its customer base, and contributing to the Digital India and Atmanirbhar Bharat vision,” the telco said.
Earlier this month, the Union Cabinet approved approximately Rs 6,000 crore financial package to accelerate the 4G network expansion of Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL). Under the plan, around one lakh 4G sites will be set up to improve connectivity and ensure better network services for consumers.
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