BSNL posts Rs 262 crore profit in Q3FY25, its first since 2007
Mumbai: Bharat Sanchar Nigam Limited (BSNL) on Friday reported a Rs 262 crore profit for the third quarter of the financial year, its first since 2007, media reports said.
The company credited this turnaround to innovation-driven strategies, rapid network expansion, cost-cutting measures, and enhanced customer service, reported Hindustan Times..
“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,” he said.
"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 Rs 1,800 crore compared to last year," Ravi added.
The BSNL chairman also highlighted the launch of various customer-focused initiatives, such as National WiFi Roaming, BiTV – Free Entertainment for All Mobile Customers, and IFTV for All FTTH Customers, which have further enriched the user experience.
The company’s commitment to service quality and assurance has reinforced customer trust, positioning BSNL as a prominent telecom provider in India.
Key drivers behind the profit
Robust revenue growth: BSNL witnessed a strong rise in revenue across key segments. Mobility services saw a 15% increase over the previous year, while Fiber-to-the-Home (FTTH) revenue surged by 18%.
Rapid network expansion: The company has intensified efforts to enhance its network infrastructure nationwide, particularly focusing on the deployment of 4G services.
Customer-focused digital innovations: BSNL has introduced multiple digital services to improve user experience, including National WiFi Roaming for seamless internet access across networks.
Cost-efficiency measures: In addition to expanding services, BSNL has implemented operational improvements that contributed to its financial recovery.
The company significantly reduced finance costs and optimised expenditure, leading to a Rs 1,800 crore reduction in losses compared to the previous year.
Future outlook
BSNL is set for continued growth with a strong focus on service excellence, preparations for 5G, and digital transformation. The company anticipates revenue growth to surpass 20% by the end of the financial year.
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