High Operating Profit from BSNL
Posted on: 30/Nov/2016 2:40:22 PM
BSNL’s operating profit has made a giant leap from Rs. 672 crore in 2014-15 to Rs. 3855 crore in 2015-16. Revenue from operation was the highest in the last five years.
According to sources, the latest audited financial statement placed at an AGM last week shows that BSNL’s revenue from operation rose 4.4 per cent to Rs 28,449 crore during financial year ended March 2016. BSNL saw acceleration in the mobility business during 2015-16 when 25,000 towers were installed, leading to strong addition of customers and higher revenue from the mobile segment.
While the enterprise segment grew 28 per cent, the landline segment, including fixed line and broadband grew by about 2 per cent, and mobile segment grew by 8 per cent. The growth in income and ability to contain expenditure in salary, administrative, employee remuneration and other benefits, helped in growing Earnings Before Interest,
Taxes, Depreciation and Amortisation to Rs 3,855 crore in 2015-16 from Rs 672 crore in 2014-15. Total income, which included interest on refund of spectrum as part of other income, stood at Rs 32,918 crore during 2015-16, up nearly 15 per cent, over the previous year, while losses nearly halved to Rs 3,879 crore in 2015-16. The total revenue as also revenue from operation were the highest recorded by the corporation since 2009-10.
