BSNL has just reported 5.8% profit. Has the service actually improved?
Advertisement
Advertisement
State-owned The state-run telecom company posted a 5.8 per cent increase in income from services at Rs 19,379.6 crore during the period under review. The figure stood at Rs 18,314.9 crore in the same period of the previous year.
The telecom company expects losses to come down for the full financial year as the fourth quarter is a seasonally strong quarter.
"Our revenue from services has risen by 5.8 per cent and the total income is up 7 per cent. It is a good sign," BSNL Chairman and Managing Director
Noting that the losses are down substantially on a year-on-year basis, he said, "the overall loss for the full year is likely to be further lower, as most of the revenue comes in during the fourth quarter."
Advertisement
The same was the case in 2015-16, when loss for full year tapered down due to fourth quarter performance, he added.
With other income coming in at 42 per cent higher, the total income was pegged at Rs 20,290.5 crore for nine months ending December 2016 against Rs 18,954.4 crore in the same period of the previous year.
The telecom
On the other hand, the total revenue (which includes revenue from operations and other income) rose from Rs 27,996 crore in 2013-14, to Rs 28,645 crore in 2014-15, and further to Rs 32,919 crore in 2015-16.
Communications Minister
Advertisement
Revenue from operations stood at Rs 7,183 crore during April-June quarter of 2016-17.
BSNL's revenue from operation has increased from Rs 26,153 crore in 2013-14 to Rs 27,242 crore in 2014-15, and to Rs 28,449 crore in 2015-16.
Advertisement
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- Catan adds climate change to the latest edition of the world-famous board game
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- JNK India IPO allotment – How to check allotment, GMP, listing date and more
- Indian Army unveils selfie point at Hombotingla Pass ahead of 25th anniversary of Kargil Vijay Diwas
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market