BSNL’s 9-month losses lowered by ₹782 crore after financial revisions: Auditor

BSNL’s loss for the nine-month period ending December 2024 is lower by Rs 782 crore, due to changes in the method of amortisation on spectrum fees, according to the company’s auditors. This, along with a rise in revenues, resulted in a net loss of Rs 2,527 crore for the period, compared to Rs 4,522 crore in the same period last year.

The emphasis by BSNL’s auditors assumes significance as owing to certain accounting adjustments in depreciation & amortisation as well as in employee benefit expenses, the company reported a `262 crore profit for the October-December quarter. This was the first profit since 2007.