For the first time since 2007, state-owned telecom provider bharat sanchar nigam limited (BSNL) has achieved a stunning turnaround and earned a profit. For the first time in 17 years, bsnl reported a quarterly profit of ₹262 crore in the third quarter of the fiscal year 2024–25.
This accomplishment has been linked to network expansion, 4G service introduction, cost optimization, and growth across all business segments. By the conclusion of the fiscal year, the PSU anticipates revenue growth to surpass 20%. In a formal statement, bsnl stated, "This milestone reflects the company's focus on innovation, aggressive network expansion, cost optimization, and customer-centric service improvements."
As he announced the quarterly financial results, BSNL's CMD, Shri A. Robert J. ravi, stated: "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 anticipate revenue growth to improve further, surpassing 20% by the end of the fiscal year," ravi added. Compared to the third quarter of the previous year, revenue from mobility, FTTH, and leased lines has grown by 15%, 18%, and 14%, respectively. Furthermore, bsnl has effectively cut its total spending and finance costs, which has resulted in a decrease in losses of more than ₹1,800 crore over the previous year.
"We have implemented innovations like National WiFi Roaming, BiTV - Free Entertainment for All mobile customers, and IFTV for All FTTH customers to improve our customer experience," he continued. Our unwavering commitment to service assurance and quality of service has increased consumer confidence and solidified BSNL's standing as India's top telecom service provider.
This ₹262 crore profit, according to the firm, highlights BSNL's recovery and long-term viability. "As we continue on this growth trajectory, we remain committed to delivering higher value to our shareholders, expanding market opportunities, and driving innovation," stated the press release.
The main points of BSNL's Financial Performance & Growth Strategy were as follows:
Strong Growth in Revenue:
Revenue from mobility services increased by 15%.
Revenue from fiber-to-the-home (FTTH) grew by 18%.
Revenue from Leased Line services increased by 14% compared to the third quarter of the prior year.
Expanding the Network Aggressively:
Upgraded fiber-optic infrastructure and a quicker rollout of 4G.
Improved communication between rural and urban communities.
Customer-focused innovations in wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital technology:
For smooth network-to-network internet access, use national WiFi roaming.
BiTV is a free mobile entertainment platform that provides top-notch wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital content.
FTTH customers may enjoy exclusive entertainment with IFTV, which improves wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital engagement.
This accomplishment has been linked to network expansion, 4G service introduction, cost optimization, and growth across all business segments. By the conclusion of the fiscal year, the PSU anticipates revenue growth to surpass 20%. In a formal statement, bsnl stated, "This milestone reflects the company's focus on innovation, aggressive network expansion, cost optimization, and customer-centric service improvements."
As he announced the quarterly financial results, BSNL's CMD, Shri A. Robert J. ravi, stated: "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 anticipate revenue growth to improve further, surpassing 20% by the end of the fiscal year," ravi added. Compared to the third quarter of the previous year, revenue from mobility, FTTH, and leased lines has grown by 15%, 18%, and 14%, respectively. Furthermore, bsnl has effectively cut its total spending and finance costs, which has resulted in a decrease in losses of more than ₹1,800 crore over the previous year.
"We have implemented innovations like National WiFi Roaming, BiTV - Free Entertainment for All mobile customers, and IFTV for All FTTH customers to improve our customer experience," he continued. Our unwavering commitment to service assurance and quality of service has increased consumer confidence and solidified BSNL's standing as India's top telecom service provider.
This ₹262 crore profit, according to the firm, highlights BSNL's recovery and long-term viability. "As we continue on this growth trajectory, we remain committed to delivering higher value to our shareholders, expanding market opportunities, and driving innovation," stated the press release.
The main points of BSNL's Financial Performance & Growth Strategy were as follows:
Strong Growth in Revenue:
Revenue from mobility services increased by 15%.
Revenue from fiber-to-the-home (FTTH) grew by 18%.
Revenue from Leased Line services increased by 14% compared to the third quarter of the prior year.
Expanding the Network Aggressively:
Upgraded fiber-optic infrastructure and a quicker rollout of 4G.
Improved communication between rural and urban communities.
Customer-focused innovations in wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital technology:
For smooth network-to-network internet access, use national WiFi roaming.
BiTV is a free mobile entertainment platform that provides top-notch wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital content.
FTTH customers may enjoy exclusive entertainment with IFTV, which improves wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital engagement.
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