
BSNL Q3 profit after 17 years at ₹262 crore
The HinduBSNL has posted a net profit of ₹262 crore for the December quarter, marking its return to profitability after almost 17 years, Union Minister Jyotiraditya Scindia said on Friday terming it a “significant turning point” for the state-owned telco that has been focused on expansion of service offerings and subscriber base. BSNL scripted an improvement on several counts, clinching 14-18% growth across mobility, FTTH and leased line service offering, Mr. Scindia, Minister for Communications said adding that the subscriber base too has risen to about 9 crores in December, from 8.4 crore in June. The last time that BSNL posted a quarterly profit was in the year 2007,” he said on BSNL’s earnings. “We certainly hope that this year will not just see an increase in revenues at the end of fourth quarter for the full financial year but will also keep expenditure and costs under control and significantly reduce losses from the figures of last year,” the minister said.
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