BSNL turnaround in third quarter because of accounting changes

NEW DELHI: State-owned BSNL’s turnaround story is more an accounting changes than operational improvement.

The company reported Rs 271 crore profits in the third quarter, first time in 17 years. In the previous quarter, the company had posted a loss of Rs 1,267 crore.

According to detailed financial results released on Tuesday, the depreciation and amortisation cost of the company dropped 44% in the third quarter of the current financial year to Rs 814 crore against Rs 1,443 crore in the previous year.