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BSNL is targeting a revenue growth to exceed 20 per cent by the end of the financial year, with a constant focus on upgrading services, 5G preparedness and digital transformation.
BSNL becomes profitable first time in 17 years.
Bharat Sanchar Nigam Limited (BSNL), the public telecom, on Saturday reported the net profit of Rs 262 crore in the third quarter of the financial year 2024-25. This is the first time in the public telecom’s history since 2007 when it became profitable. The company’s mobility services grew by 15 per cent Year-on-Year, with Fiber-to-the-Home (FTTH) revenue by 18 per cent.
BSNL was successful in cutting its financial cost and overall expenditure, leading to a decline in losses by over Rs 1800 crore compared to last year. Its EBITDA (earnings before interest, taxes, depreciation, and amortization) doubled in the last four years, reaching Rs 2,100 crore in FY24.
Announcing the quarterly financial results, Shri A. Robert J. Ravi, CMD, BSNL, said: “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 further, exceeding 20% by the end of the financial year. Revenue from Mobility, FTTH, and Leased Lines has increased by 15%, 18%, and 14% respectively over Q3 of the previous year. Additionally, BSNL has successfully reduced its finance cost and overall expenditure, leading to a decline in losses by over ₹1,800 crore compared to last year.
Key Highlights of BSNL’s Financial Performance & Growth Strategy:
Strong Revenue Growth:
• Mobility services revenue grew by 15%.
• Fiber-to-the-Home (FTTH) revenue increased by 18%.
• Leased Line services revenue rose by 14% over Q3 of the previous year.
BSNL is targeting a revenue growth to exceed 20 per cent by the end of the financial year, with a constant focus on upgrading services, 5G preparedness and digital transformation.
