BSNL has posted 2 percent drop in revenue to Rs 18,595 crore in financial year 2020-21.
BSNL’s FTTH revenues increased at Rs 937 crore in FY21 compared to Rs 517 crore a year back, while mobile revenues were down at Rs 7,716 crore from Rs 8,067 crore in the previous fiscal.
BSNL has managed to reduce its loss by more than 50 percent to Rs 7,441 crore in FY21. BSNL had posted a massive loss of Rs 15,499 crore in FY20.
BSNL achieved 51 percent drop in wage bill to Rs 6,679 crore due to a voluntary retirement scheme undertaken by the company.
The decline in wage bill brought down the company’s total expenditure during the year by 24 percent at Rs 26,036 crore, Financial Express reported.
The company reported a positive Ebitda of Rs 1,177 crore in FY21 against negative Ebitda or loss of Rs 6,879 crore a year back.