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.

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