Bharat Sanchar Nigam Ltd (BSNL) on Tuesday reported an operating profit of Rs 672 crore for the financial year 2015 on the back of a fall in administrative costs and jump in revenues.The company had posted an operating loss of Rs 691 crore in the previous fiscal.
BSNL Chairman and Managing Director Anupam Srivastava said income from services increased by 4.16% to Rs 27,242 crore in 2014-15, which is highest in comparison to the previous five years.Income from services stood at Rs 26,153 crore in 2013-14.
"BSNL had bad results for the last few years, but in year 2014-15, it has been able to reverse the trend. Also it is a known fact that most of the telecom majors are having heavy debt burdens but it still continues to be relatively better, showing a low debt-equity ratio," Shrivastava said, DNA reported.
