BSNL bounces back into profit for first time since 2007

State-owned telecom major Bharat Sanchar Nigam Limited (BSNL) on Friday reported a profit of Rs 262 crore in the third quarter of the current financial year, marking its first return to profitability since 2007.

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This milestone reflects the company's focus on innovation, aggressive network expansion, cost optimisation, and customer-centric service improvements, the BSNL said in a statement.

BSNL chairman and managing director A. Robert J. Ravi, said: "We expect revenue growth to improve further, exceeding 20% by the end of the financial year. Revenue from Mobility, FTTH, and Leased Lines has increased by 15 per cent, 18 per cent, and 14 per cent, respectively, over Q3 of the previous year.

Additionally, BSNL has successfully reduced its finance cost and overall expenditure, leading to a decline in losses by over Rs 1,800 crore compared to last year," he pointed out.