BSNL reverses the trend, posts Rs 672 Cr profit in FY 2015

The state-owned BSNL has received a major boost over the last one year, as it posted an operating profit of Rs 672 crore fo the financial year 2015 against the loss of Rs 691 crore in the previous fiscal.

income from services increased by 4.16% to Rs 27,242 crore in 2014-15, which is highest in comparison to the previous five years. Income from services stood at Rs 26,153 crore in 2013-14.

“BSNL had bad results for the last few years, but in year 2014-15, it has been able to reverse the trend. Also it is a known fact that most of the telecom majors are having heavy debt burdens but it still continues to be relatively better, showing a low debt-equity ratio,” BSNL CMD Anupam Shrivastava said.

BSNL will be investing Rs 7,700 crore in the current financial year to expand its network across the country. The company also plans to launch 4G LTE services on 2600MHz band in a couple of cities by the end of March 2016. It has taken various customer centric initiatives such as free night calling, free roaming and providing a minimum broadband speed of 2Mbps.

Shrivastava said, “In 2006, BSNL was the number one operator in mobile and landline services as it was able to expand its network but during 2006-2012, it was not able to procure equipment, which led to its downfall. The market expanded rapidly during this period and we failed to expand our network because of non procurement of equipment and we missed the voice opportunity”. But, now we are on track and heavily investing on data, he added.