BSNL Q3 results: Net profit at Rs 262 cr, first quarterly gain in 17 years

Jyotiraditya Scindia on Friday called it a "significant turning point" for the state-owned telco, which has been focused on expanding its services and subscriber base

BSNL has posted a net profit of Rs 262 crore for 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 per cent growth across mobility, FTTH and leased line service offering, Scindia, Minister for Communications said adding that the subscriber base too has risen to about 9 crore in December, from 8.4 crore in June.

"Today is an important day for BSNL, and for the journey of the telecom sector in India...BSNL has, in third quarter of FY2024-25, for the first time in 17 years, posted a profit on a quarterly basis. The last time that BSNL posted a quarterly profit was in the year 2007," he said on BSNL's earnings.

 

The net profit came in at about Rs 262 crore in the third quarter of the financial year. Mobility services revenue grew by 15 per cent, Fiber-to-the-Home (FTTH) revenue increased by 18 per cent and leased line services revenue rose by 14 per cent over Q3 of the previous year.

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The Q3 scorecard underlined the telco's focus on innovation, network expansion, cost optimisation, and customer-centric service improvements.