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BSNL contains net loss to Rs 5,367 crore in FY24, revenue increases by 1%

Fiscal year 2024 has seen Bharat Sanchar Nigam Limited narrow its net loss to Rs 5,367 crore in FY24 from Rs 8,161 crore in FY23. Revenue from operations grew 1% to Rs 19,343.6 crore.

Key highlights- FY24

  • Total income at at Rs 21302.38 crore in FY24, compared to Rs 20698.9 crore in FY23.
  • Loss after tax at Rs 5370.73 crore in FY24, down from Rs 8161.56 crore in FY23.
  • EPS is (Rs 0.87) in FY24, , compared to (Rs 4.8) in FY23.

Total expenses fell 2.5% to Rs 26,683 crore. Cellular services, which contribute 36% to BSNL’s revenue from operations, witnessed a 6% fall to Rs 7,006 crore. Enterprise business revenue fell 4.5% to Rs 5,090 crore. Revenue from the broadband business rose 9% to Rs 3,662 crore.

CT Bureau

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