BSNL Q3 profit after 17 years at ₹262 crore
The Hindu
BSNL returns to profitability after 17 years, marking a significant turning point with growth in services and subscriber base.
BSNL has posted a net profit of ₹262 crore for the December quarter, marking its return to profitability after almost 17 years, Union Minister Jyotiraditya Scindia said on Friday (February 14, 2025) terming it a “significant turning point” for the state-owned telco that has been focused on expansion of service offerings and subscriber base.
BSNL scripted an improvement on several counts, clinching 14-18% growth across mobility, FTTH and leased line service offering, Mr. Scindia, Minister for Communications said adding that the subscriber base too has risen to about 9 crores in December, from 8.4 crore in June.
“Today is an important day for BSNL, and for the journey of the telecom sector in India...BSNL has, in third quarter of FY2024-25, for the first time in 17 years, posted a profit on a quarterly basis. The last time that BSNL posted a quarterly profit was in the year 2007,” he said on BSNL’s earnings.
The net profit came in at about ₹262 crore in the third quarter of the financial year. Mobility services revenue grew by 15%, Fiber-to-the-Home (FTTH) revenue increased by 18% and leased line services revenue rose by 14% over Q3 of the previous year.
The Q3 scorecard underlined the telco’s focus on innovation, network expansion, cost optimisation, and customer-centric service improvements.
Additionally, BSNL has cut its finance cost and overall expenditure, leading to a decline in losses by over ₹1,800 crore compared to last year.
With a view to enhancing customer experience, BSNL has introduced offerings such as National WiFi Roaming, BiTV – Free Entertainment for All Mobile Customers, and IFTV for All FTTH Customers, and first private 5G connectivity for mining.
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