KanagaDeepan 1,084 Report post Posted August 4, 2010 (edited) The title says everything... Here is the source... BSNL posts FY loss of INR 19.2 bln State-run Indian operator BSNL posted a loss of INR 19.2 billion for its fiscal year to March 2010, its first annual loss since inception ten years ago, reports the Business Standard. A decline in revenue from landline services along with a higher payout to employees because of the award of the Sixth Pay Commission for government employees pushed the company into the red. The company had recorded a profit of INR 5.75 billion in the previous fiscal year. The wage revision alone caused an additional expenditure of INR 29 billion. BSNL chairman and managing director Kuldeep Goel said that if the wage revision had not been there, the company would have recorded a profit before tax of INR 7.03 billion. BSNL reported a 10.4 percent decline in revenues to INR 320.5 billion for 2009-10. Goel, who is retiring after a tenure of three years, exuded hope that the company would be profitable in the current financial year. However, the payment of INR 185 billion for 3G and BWA spectrum would result in interest payments of INR 15 billion during the year. On the company's market share, Goel said that in revenue terms, it stood at 19.5 percent, second after Bharti Airtel. BSNL registered strong growth of 47 percent in broadband revenue for year, to INR 24.85 billion from INR 16.9 billion a year earlier. The company plans to add 20 million mobile subscribers in this financial year. It also plans to introduce value-added services for its mobile subscribers. BSNL has restructured into four business units: Consumer Fixed Access, Consumer Mobility, Enterprise and New Businesses. A team of sales executives in each business verticals has been created for the first time and about 10,000 people have been redeployed and trained for sales activities. The only good solution is sending out non-performing employees (BSNL has much much more number of employees than needed) and recruiting new and talented young staffs (see the pvt telcos) to boost sales and mainly SERVICE... But, a rather BIG BUT, this is NOT GONNA HAPPEN in PSU... Lets NOT forget that, our Telc0mMinister also has a huge part in current condition of BSNL... Edited August 4, 2010 by KanagaDeepan Share this post Link to post Share on other sites
gmkarthikeyhan 2 Report post Posted August 4, 2010 pity BSNL... Share this post Link to post Share on other sites
Greatest 55 Report post Posted August 4, 2010 bound to happen.. Share this post Link to post Share on other sites
ravi_patent 28 Report post Posted August 5, 2010 the fortunes of BSNL are linked to the fall of DMK! Share this post Link to post Share on other sites
csmart 472 Report post Posted August 5, 2010 a perfect example of ministerial corruption. once a profit making now bigger looser.. even after having one of the best network in the country, co is unable to perform.. Share this post Link to post Share on other sites
raccoon 53 Report post Posted August 5, 2010 (edited) Best network? BSNL?? Not their mobile network surely? At least not here in Pune... I hope they go deeper and deeper in the red. In a way it will give me some satisfaction and may also force the govt. to make drastic changes in this rotten organization. Edited August 5, 2010 by raccoon Share this post Link to post Share on other sites
