BSNL posts six-fold jump in operating profit at Rs 3,855 cr in FY16 -Governance Now

BSNL posts six-fold jump in operating profit at Rs 3,855 cr in FY16

BSNL’s operating profit is highest in the last five years

GN Bureau | November 30, 2016

#BSNL #PSU #profit

State-run Bharat Sanchar Nigam Ltd (BSNL) has registered almost six-fold jump in operating profit during 2015-16 fiscal at Rs 3,855 crore from Rs 672 crore in the preceding fiscal. BSNL’s revenue from operation is highest in the last five years, reported Press Trust of India.

BSNL’s revenue from operation increased 4.4 percent to Rs 28,449 crore during fiscal ended March 2016. The information is said to be based on the latest audited financial statement of the government run undertaking which was placed at the AGM last week.

Sources said that the PSU witnessed 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 percent, the landline segment, including fixed line and broadband grew by about 2 per cent, and mobile segment grew by eight 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 (EBITDA) to Rs 3,855 crore in 2015-16 from Rs 672 crore in 2014-15.

Comments

Other News

‘Oral cancer deaths in India cause productivity loss of 0.18% GDP’

A first-of-its-kind study on the economic loss due to premature death from oral cancer in India by the Tata Memorial Centre has found that this form of cancer has a premature mortality rate of 75.6% (34 premature events / 45 total events) resulting in productivity loss of approximately $5.6 billion in 2022

Days of Reading: Upendra Baxi recalls works that shaped his youth

Of Law and Life Upendra Baxi in Conversation with Arvind Narrain, Lawrence Liang, Sitharamam Kakarala, and Sruti Chaganti Orient BlackSwan, Rs 2,310

Voting by tribal communities blossoms as ECI’s efforts bear fruit

The efforts made by the Election Commission of India (ECI), over last two years, for inclusion of Particularly Vulnerable Tribal Groups (PVTG) communities and other tribal groups in the electoral process have borne fruit with scenes of tribal groups in various states/UTs participating enthusiastically in t

GST revenue for April 2024 at a new high

The gross Goods and Services Tax (GST) collections hit a record high in April 2024 at ₹2.10 lakh crore. This represents a significant 12.4% year-on-year growth, driven by a strong increase in domestic transactions (up 13.4%) and imports (up 8.3%). After accounting for refunds, the net GST

First Magahi novel presents a glimpse of Bihar bureaucracy a century ago

Fool Bahadur By Jayanath Pati (Translated by Abhay K.) Penguin Modern Classics, 112 pages, Rs 250 “Bab

Are EVs empowering India`s Green Transition?

Against the backdrop of the $3.5 billion Production-Linked Incentive (PLI) scheme launched by the Government of India, sales of Electric Vehicles (EVs) are expected to grow at a CAGR of 35% by 2032. It is crucial to take into account the fact that 86% of EV sales in India were under the price bracket of $2