BSNL enables PROFIT mode
“BSNL had bad results for the last few years, but in year 2014–15, it has been able to reverse the trend. Also it is a known fact that most of the telecom majors are having heavy debt burdens but it still continues to be relatively better, showing a low debt-equity ratio,” Shrivastava (BSNL Chairman and Managing Director) said.
Reversing the trend, state-run BSNL on Tuesday reported an operating profit of Rs 672 crores for the financial year 2015 on the back of fall in administrative costs and jump in revenues. The company had posted an operating loss of Rs 691 crores in the previous fiscal.
He also said that income from services increased by 4.16 percent to Rs. 27,242 crores in 2014–15, which is highest in comparison to the previous five years. Income from services stood at Rs 26,153 crores in 2013–14. The company also plans to launch 4G LTE services in a couple of cities by the end of March. It has taken various customer-centric initiatives such as free night calling, free roaming and providing a minimum broadband speed of 2Mbps.
SOURCE : www.bgr.in