BSNL posts six-fold jump in operating profit at Rs 3,855 cr in FY16 -Governance Now

BSNL posts six-fold jump in operating profit at Rs 3,855 cr in FY16

BSNL’s operating profit is highest in the last five years

GN Bureau | November 30, 2016

#BSNL #PSU #profit

State-run Bharat Sanchar Nigam Ltd (BSNL) has registered almost six-fold jump in operating profit during 2015-16 fiscal at Rs 3,855 crore from Rs 672 crore in the preceding fiscal. BSNL’s revenue from operation is highest in the last five years, reported Press Trust of India.

BSNL’s revenue from operation increased 4.4 percent to Rs 28,449 crore during fiscal ended March 2016. The information is said to be based on the latest audited financial statement of the government run undertaking which was placed at the AGM last week.

Sources said that the PSU witnessed acceleration in the mobility business during 2015-16 when 25,000 towers were installed, leading to strong addition of customers and higher revenue from the mobile segment.

While the enterprise segment grew 28 percent, the landline segment, including fixed line and broadband grew by about 2 per cent, and mobile segment grew by eight per cent.

The growth in income and ability to contain expenditure in salary, administrative, employee remuneration and other benefits, helped in growing Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) to Rs 3,855 crore in 2015-16 from Rs 672 crore in 2014-15.

Comments

Other News

Central Bank Digital Currency has game-changing potential

When discussing digital currency, you might think of one or two well-known varieties. There is the digital representation of currency that you access with mobile and online banking services. This currency is the liability of a commercial bank. There is also cryptocurrency, a digital medium of exchange issu

An Insider’s Account of the Zail Singh Years: The Endgame

The Indian President: An Insider’s Account of the Zail Singh Years By K.C. Singh HarperCollins, 312 pages, Rs.699

‘My Father Was a Simple Man’: Remembering Gen. Rawat

Bipin: The Man Behind the Uniform By Rachna Bisht Rawat Penguin, 207 pages, Rs 599 On the morning of 8 December 202

A Mind and Heart without Corners

In Love, At Ease: Everyday Spirituality with Pramukh Swami By Yogi Trivedi Penguin Random House, 360 pages, Rs 499 Spirituali

Mumbai air quality dips, BMC swings into action

Taking note of Mumbai’s rising air pollution and deteriorating air quality in the recent months, the BMC has attributed rising dust levels to different large-scale development and construction works combined with changes in the wind speed conditions. It has constituted a seven-member committee, which

‘Seasonal Influenza’: health ministry keeps watch on situation

Given an unusual uptick in the cases of “seasonal influenza” in the recent days, the health ministry Friday said that it was keeping a close watch on the situation in various states/UTs through the Integrated Disease Surveillance Programme (IDSP) network on real-time basis. The