Get All Access for $5/mo

BSNL Narrows Loss, Targets INR 35,960 Crore Revenue by FY28 BSNL's consumer mobility business, which includes cellular services, saw a modest two per cent YoY revenue growth to INR 3,473.5 crore. However, revenue from cellular services specifically fell 6.6 per cent YoY to INR 2,522 crore due to delays in rolling out 4G services nationwide.

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Freepik

State-owned Bharat Sanchar Nigam Limited (BSNL) reported a revenue from operations uptick of 10.4 per cent year-on-year (YoY) to touch INR 9,235 crore. This was driven by growth across its business verticals — consumer mobility, enterprise services, and consumer fixed access. The April to September (H1FY25) period financial statements reported a marginal reduction in its net loss to INR 2,785 crore for the first half of FY25, down from INR 2,951 crore during the same period last year. This improvement is attributed to increased operational revenue and an INR 168 crore income tax adjustment in Q2.

Despite the revenue boost, the company's total expenses climbed 4.5 per cent YoY to INR 12,890 crore, with employee costs rising 5.7 per cent to INR 4,042 crore, accounting for 31 per cent of total expenses and 44 per cent of operating revenue. Officials highlighted that BSNL achieved an operating profit, with EBITDA (earnings before interest, taxes, depreciation, and amortization) increasing nearly 57 per cent YoY to INR 904 crore in H1 FY24. This signals a stronger financial footing for the telecom operator as it continues its revival efforts under the government's INR 3.2 lakh crore package.

BSNL's revival strategy includes substantial government backing, with INR 3,000 crore in funding received on September 30 in exchange for equity shares. This support covers critical expenditures such as adjusted gross revenue (AGR) dues and capital requirements, enabling the company to focus on improving its service offerings.

The enterprise posted a robust 12 per cent YoY growth to INR 2,291 crore, reinforcing its role as a key revenue driver. BSNL is targeting revenues of INR 24,428 crore for FY25 and INR 35,960 crore by FY28, reflecting its long-term growth ambitions under the revival plan.

BSNL's consumer mobility business, which includes cellular services, saw a modest two per cent YoY revenue growth to INR 3,473.5 crore. However, revenue from cellular services specifically fell 6.6 per cent YoY to INR 2,522 crore due to delays in rolling out 4G services nationwide. Nevertheless, the company added 6.25 million mobile users in Q2, benefiting from customers switching from private operators following tariff hikes.

Entrepreneur Staff

Entrepreneur Staff

Editor

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.
News and Trends

India's Logistics Cost to be Reduced to 9% Within 2 Years: Nitin Gadkari

With a focus on innovation, clean energy, infrastructure, and rural empowerment, Nitin Gadkari's vision aligns with India's aspirations to become a global economic powerhouse.

Growing a Business

How to Spot Trends and Anticipate Market Shifts Before Your Competition

Discover how to identify disruptive trends before your competitors by mastering the art of anticipating market shifts. Learn strategies for staying ahead and gaining a competitive edge in business.

Business News

Apple Is Adding ChatGPT to iPhones This Week. Here's How It Works.

ChatGPT will take over questions that Siri can't answer.

Business News

These Companies Offer the Best Work-Life Balance, According to Employees

The ranking is based on Glassdoor ratings and reviews.

Starting a Business

10 Traits of Successful Entrepreneurs That Investors Love (Even If They Seem Like Jerks)

This article explores a thought-provoking question: Why do many successful entrepreneurs exhibit traits that might label them as "jerks?"