BSNL loss narrows to Rs 4,890cr in April-December,2016.


Agencies | Jan 30, 2017, 05.41 AM IST


NEW DELHI: 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 an almost 6% increase in income from services at nearly Rs 19,380 crore during the period under review. The figure stood at around Rs 18,315 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. “Our revenue from services have risen by 5.8% and the total income is up 7%. It is a good sign,” BSNL chairman and managing director Anupam Shrivastava said.

Noting that the losses are down substantially on a yearon-year basis, he said, “The overall loss for the full year is likely to be further lower, as most of the revenue comes in during the fourth quarter.”

Shrivastava added that BSNL has been witnessing growth in subscribers on the back of aggressive tariff plans and offers. “Our mobile subscriber base has grown from 7.8 crore numbers at the beginning of last year to 9.4 crore now,” he said, adding that the company has also been getting a large number of customers through the portability route.