BSNL Losses Widen in Q4 FY26, Things Do Not Look Good

Bharat Sanchar Nigam Limited (BSNL) has posted a net loss of Rs 1,269 crore in Q4 FY26. This not only widened QoQ, but on a YoY basis, this looks even worse. Because a year back, during the same quarter, this was Rs 280 crore in profits. Despite launching 4G in various parts of India, things are not looking good for BSNL.

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Key Highlights

  • Bharat Sanchar Nigam Limited reported a net loss of ₹1,269 crore in Q4 FY26, compared to a profit of ₹280 crore in the same quarter last year.
  • For the full FY26, BSNL's net loss widened to ₹4,738 crore, significantly higher than the ₹2,247 crore loss reported in FY25.
  • Revenue from operations grew only 1.7% year-on-year to ₹21,199 crore, falling short of the government's target of ₹28,476 crore.
  • Higher network operating expenses, employee costs, depreciation, and finance charges weighed heavily on profitability.
  • Despite expanding its 4G network and offering promotional plans, BSNL continues to face challenges in subscriber retention and financial performance.

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The state-run telecom operator saw a higher network operating expense, finance charges, depreciation, and employee costs during the quarter, and the year. Overall, in FY26, BSNL posted a net loss of Rs 4,738 crore, which is more than Rs 2,247 crore loss reported last year. The revenue from operations also increased just 1.7% to Rs 21,199 crore. This is not enough growth to compete with the other players.

The government had set a target of Rs 28,476 crore for revenue from operations. However, the actual numbers are way less. The government had said that BSNL’s ARPU (average revenue per user) rose 42% to Rs 101 in FY26, but the numbers posted by BSNL seems to be in contrast with this. Things are definitely not looking good for the telecom operator.