NEW DELHI: State owned BSNL on Tuesday reported nearly six-fold jump in operating profit during 2015-16 at Rs 3,855 crore, while revenue from operation turned out to be highest in the last five years.
The company’s revenue from operation rose 4.4 per cent to Rs 28,449 crore during financial year ended March 2016, according to the latest audited financial statement of the Telecom Corporation placed at the AGM in the previous week.
The PSU saw an acceleration in the mobility business during 2015-16 when 25,000 towers were installed, leading to strong addition of customers and higher revenue from the mobile segment.
While the enterprise segment grew 28 per cent, the landline segment, including fixed line and broadband grew by about 2 per cent, and mobile segment grew by 8 per cent, sources said.
The growth in income and ability to contain expenditure in salary, administrative, employee remuneration and other benefits, helped in growing Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) to Rs 3,855 crore this year from Rs 672 crore in the year ago period.
Total income stood at Rs 32,918 cror during 2015-16, up nearly 15 per cent, over the previous year, while losses nearly halved to Rs 3,879 crore in 2015-16 from Rs 8,234 crore last year.