Three years after its ₹69,000-crore bailout package, government owned Bharat Sanchar Nigam (BSNL) continues to bleed and lose market share in the telecommunication (telecom) market.
The company reported a net sale of ₹16,809 crore in 2021-22 (FY22), down 3.7 per cent from ₹17,452 crore a year ago and loss of ₹6,982 crore - a marginal improvement from ₹7,441 crore in 2020-21 (FY21).
It has now cumulatively lost ₹1.02 trillion in its operations in 13 years - one of the biggest loss-making streaks in the corporate sector. The telecom major had last reported net profit in 2008-09.
BSNL's revenue share of the domestic telecom market declined to a record low of 8.5 per cent in FY22, down from 9.4 per cent a year ago and 16.7 per cent in 2017-18.
Private telecom operators continue to erode its wireless, broadband, and fixed-line business.
Bu hikaye Business Standard dergisinin August 01, 2022 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin August 01, 2022 sayısından alınmıştır.
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