State-owned BSNL’s losses have narrowed to Rs 4,890 crore for the nine months ended December 31, 2016, from Rs 6,121 crore in the year-ago period.
The state-run telecom company posted a 5.8 per cent increase in income from services at Rs 19,379.6 crore during the period under review. The figure stood at Rs 18,314.9 crore in the same period of the previous year.
The telecom company expects losses to come down for the full financial year as the fourth quarter is a seasonally strong quarter.
The telecom PSU reported a loss of Rs 7,019 crore in 2013-14 and Rs 8,234 crore in 2014-15. Its losses have less than halved to Rs 3,880 crore in 2015-16.
On the other hand, the total revenue (which includes revenue from operations and other income) rose from Rs 27,996 crore in 2013-14, to Rs 28,645 crore in 2014-15, and further to Rs 32,919 crore in 2015-16.
Communications Minister Manoj Sinha had informed Rajya Sabha in a written reply on December 9, 2016, that BSNL’s losses in the April-June quarter of FY17 stood at Rs 1,721 crore while total income was at Rs 7,331 crore.
Revenue from operations stood at Rs 7,183 crore during April-June quarter of 2016-17.
BSNL’s revenue from operation has increased from Rs 26,153 crore in 2013-14 to Rs 27,242 crore in 2014-15, and to Rs 28,449 crore in 2015-16.