BSNL Expecting Stable Revenues in FY17 Despite Tough Competition from Private Operators

Bharat Sanchar Nigam Ltd (BSNL) is expecting stable revenues from its operations for 2016-17. The state-owned operator is expected its revenue to be flat Rs. 28,477 crores, despite a tough year of intense competition from private players, says a report from PTI.

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BSNL Chairman and Managing Director Anupam Shrivastava said to the publication that “BSNL is in the midst of finalising its numbers for the financial year ended March 2017 based on Indian Accounting Standards (or Ind-AS) and also parallelly reconciling the corresponding figures for FY16.”

The audited numbers and board approvals are expected to receive by the end of November or early December. “As of now, the full details have not come, but what we know is that revenue from operations is Rs 28,477 crore for FY17 and Rs 28,449 crore for FY16,” Shrivastava told PTI.

He said that the”full year top line numbers were buoyed by the performance across segments like mobile, broadband and enterprise.”

“Overall, the year FY17 was a tough year because of stiff competition. But while the revenue of most operators came under pressure, we have been able to sustain the same level with a slight increase,” Shrivastava added.

Further, when asked if BSNL will be able to reduce its losses for the full fiscal 2016-17, the top officer responded that the figures are still being worked out. However, he was not confident on whether will BSNL show up positive EBITDA for FY17. For the unaware, EBITDA stands for earnings before interest, tax, depreciation and amortisation, which measures a company’s operational performance.