BSNL Q3 results: Net profit at Rs 262 cr, first quarterly gain in 17 years

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BSNL Q3 results: Net profit at Rs 262 cr, first quarterly gain in 17 years - Business Standard

Quick Summary:

BSNL has posted a net profit of Rs 262 crore for December quarter, marking its return to profitability after almost 17 years, Union Minister Jyotiraditya Scindia said on Friday terming it a "significant turning point" for the state-owned telco that has been focused on expansion of service offerings and subscriber base.

BSNL scripted an improvement on several counts, clinching 14-18 per cent growth across mobility, FTTH and leased line service offering, Scindia, Minister for Communications said adding that the subscriber base too has risen to about 9 crore in December, from 8.4 crore in June.

BSNL has, in third quarter of FY2024-25, for the first time in 17 years, posted a profit on a quarterly basis.