6.38% increase in net profit this fiscal
Bharat Sanchar Nigam Ltd (BSNL) Kerala circle has registered a net profit of Rs. 700 crore for the financial year 2016-17, the highest among BSNL circles in the country.
The circle earned gross revenue of Rs. 3,104 crore during the 2016-17 financial year compared with Rs. 2,955 crore during the previous year. The net profit for the financial year is an increase of 6.38% over 2015-16.
The increase in revenue and profit was mainly driven by the GSM (growth of 10%), Broadband (5%), FTTH (43%) and Enterprise Business Segments (28 %), Chief General Manager, BSNL, Kerala Circle, R. Mani told a press conference here on Tuesday.
The mobile segment registered growth of 10% during 2016-17 in the circle even after stiff competition from rival telecommunication companies, especially Reliance Jio, Mr. Mani said.
The average data volume per day increased from 49 TB in April 2016 to 185 TB in May 2017, an increase of 277%. The average monthly data consumption per customer has also increased from 226 MB in April 2016 to 628 MB in April 2017.
With the introduction of new plans, the CGM said they had been able to bring back customers to the landline segment. As many as 34,320 customers have subscribed to the landline experience 49 plan and 54,000 customers to the BB249 Plan introduced few months ago.
S. Jyothi Sankar, General Manager, Enterprise Business, said the Kerala circle was targeting a net profit of Rs. 1,000 crore this financial year. The circle is also gearing up to give 25 lakh new mobile connections during the fiscal. At present, the land line customer base of the BSNL Kerala circle is 19,98, 232, broadband base 6,81,013 and GSM Mobile customer base is 74,75,336.
Bharat Sanchar Nigam Ltd (BSNL) Kerala circle has registered a net profit of Rs. 700 crore for the financial year 2016-17, the highest among BSNL circles in the country.
The circle earned gross revenue of Rs. 3,104 crore during the 2016-17 financial year compared with Rs. 2,955 crore during the previous year. The net profit for the financial year is an increase of 6.38% over 2015-16.
The increase in revenue and profit was mainly driven by the GSM (growth of 10%), Broadband (5%), FTTH (43%) and Enterprise Business Segments (28 %), Chief General Manager, BSNL, Kerala Circle, R. Mani told a press conference here on Tuesday.
The mobile segment registered growth of 10% during 2016-17 in the circle even after stiff competition from rival telecommunication companies, especially Reliance Jio, Mr. Mani said.
The average data volume per day increased from 49 TB in April 2016 to 185 TB in May 2017, an increase of 277%. The average monthly data consumption per customer has also increased from 226 MB in April 2016 to 628 MB in April 2017.
With the introduction of new plans, the CGM said they had been able to bring back customers to the landline segment. As many as 34,320 customers have subscribed to the landline experience 49 plan and 54,000 customers to the BB249 Plan introduced few months ago.
S. Jyothi Sankar, General Manager, Enterprise Business, said the Kerala circle was targeting a net profit of Rs. 1,000 crore this financial year. The circle is also gearing up to give 25 lakh new mobile connections during the fiscal. At present, the land line customer base of the BSNL Kerala circle is 19,98, 232, broadband base 6,81,013 and GSM Mobile customer base is 74,75,336.
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