BSNL’s FY24 loss narrows to Rs 5,367 cr; revenue up 1%

Bharat Sanchar Nigam (BSNL) narrowed its net loss to Rs 5,367 crore in FY24 from Rs 8,161 crore in FY23, on the back of lower expenses, especially finance cost, and higher non-operating income.

Revenue from operations grew 1% to Rs 19,343.6 crore, missing the target of Rs 20,008 crore, set by the government as part of the Rs 3.2 trillion revival package. The company missed the government’s target of Rs 20,008 crore. Revenue from cellular services and enterprise segment saw a decline during the year.