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BSNL Q3 Results: Telco swings to black with Rs 262 crore profit, aided by network expansion & cost control

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Results: The public sector telco reported a net loss of Rs 1,569.22 crore in Q3FY24. Its mobility services revenue grew 15% YoY, while fiber-to-the-home (FTTH) and leased line services saw YoY increases of 18% and 14%,
Bharat Sanchar Nigam Limited (BSNL) reported a profit of Rs 262 crore in the third quarter of the fiscal year, marking a significant turnaround from a loss of Rs 1,473 crore in the same quarter the previous year. This positive shift was primarily driven by an aggressive network expansion and stringent cost control measures. The company's revenue from operations increased by 1.5% to Rs 4,970 crore, despite a slight decline in total income to Rs 5,568 crore. BSNL's efforts to expand its 4G network, particularly in rural areas, along with the launch of new services like Bharat AirFiber, have contributed to this financial recovery. Additionally, the company has managed to reduce its operating expenses, which has further bolstered its financial health.

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