BSNL market share fails to find signal despite improving balance sheet

Firm's net and cash loss widened in FY23 despite an improvement in operating profit during the year


BSNL reported a decline in debt level and improvement in its leverage ratio last fiscal, thanks to capital infusion from the government of India

Krishna Kant Mumbai

Listen to This Article

Bharat Sanchar Nigam Ltd (BSNL) reported an improvement in revenues and balance sheet in FY23, but the company continues to lose market share to its rivals and its net and cash losses widened further during the year. In fact, the company’s net and cash loss widened in FY23 despite an improvement in its operating profit during the year.

The government-owned telecom operator’s net sales was up 13.8 per cent year-on-year (YoY) to Rs 19,128 crore in FY23, but its net losses were also up 17 per cent YoY to Rs 8,162 crore during the year. Similarly, its cash loss widened to Rs 2,503 crore in FY23 from Rs 1,674 crore a year ago. With this, the company has reported cash
Topics : BSNL

First Published: Jun 07 2023 | 10:45 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to