Business Standard

3 years after first bailout, BSNL continues to bleed and lose market share

The company reported a net sale of Rs 16,809 crore in 2021-22 (FY22), down 3.7 per cent from Rs 17,452 crore a year ago and loss of Rs 6,982 crore - a marginal improvement from Rs 7,441 crore in 2020-

BSNL
Premium

Private telecom operators continue to erode BSNL's wireless, broadband, and fixed-line business (File photo: Reuters)

Krishna Kant Mumbai
Three years after its Rs 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 Rs 16,809 crore in 2021-22 (FY22), down 3.7 per cent from Rs 17,452 crore a year ago and loss of Rs 6,982 crore - a marginal improvement from Rs 7,441 crore in 

2020-21 (FY21).

It has now cumulatively lost Rs 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

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in