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Bharat Sanchar Nigam fortunes turn around

Other income helps firm post operating profit

Bharat Sanchar Nigam fortunes turn around

Public sector telecom company Bharat Sanchar Nigam (BSNL) was one of the companies that Prime Minister Narendra Modi mentioned as an example where his government was able to turn around the ailing company. From an operating loss of Rs 692 crore in 2013-14, BSNL reported an operating profit (including other income) of Rs 672 crore in FY15, and according to reports, it is expected to post operating profit of over Rs 3,378 crore in FY16. The company expects revenues of Rs 30,000 crore for FY16, which will mean a growth of over 10 per cent, as compared to FY15.  In FY15, the better ...