How is Jyotiraditya Scindia Evaluating the Quarterly Performance of Telecom PSUs?
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Synopsis
In a recent financial review, Union Minister Jyotiraditya Scindia assessed the performance of major telecom PSUs, revealing significant profits and advancements. This meeting highlighted BSNL's financial turnaround and the commitment to enhancing India’s digital connectivity. Discover how these changes shape the future of telecom in India.
Key Takeaways
- BSNL's financial turnaround marks a significant milestone in its history.
- The government aims to strengthen public sector undertakings to enhance connectivity.
- TCIL and ITI reported impressive growth in revenue and profits.
- Focus on innovation and service delivery is crucial for future success.
- Government support is vital for realizing Prime Minister Modi's vision.
New Delhi, Sep 4 (NationPress) The Union Minister for Communications, Jyotiraditya M. Scindia, presided over the quarterly financial assessment meeting of pivotal telecom Public Sector Undertakings (PSUs) – Bharat Sanchar Nigam Limited (BSNL), Telecommunications Consultants India Limited (TCIL), and ITI Limited. The focus of this review was on three vital aspects: profit after tax (PAT) results, turnover trends, and future growth predictions.
All three PSUs showed promising progress, indicating a concerted effort towards sustainable growth and enhanced digital connectivity nationwide, as per an official statement following the meeting.
A notable achievement highlighted during the meeting was the financial revival of BSNL, which has reported profits for two successive quarters – a significant milestone after nearly 18 years.
BSNL recorded a profit of Rs 262 crore in Q3 and Rs 280 crore in Q4 of FY 2024-25, marking a substantial recovery from a loss of Rs 849 crore in Q4 of the preceding fiscal year. This revival has resulted in a nearly 58 per cent decrease in the company's annual losses, bringing them down to Rs 2,247 crore.
This financial review built upon the momentum from last month's Chief General Managers (CGMs) Review Meeting in Delhi, where CGMs from all 32 telecom circles presented their strategies for growth, improved customer service, and operational efficiency.
During Thursday's meeting, the effectiveness of those strategies in achieving real financial outcomes at the national level was evaluated.
Scindia praised BSNL's impressive performance, asserting that the turnaround is a clear testament to the government's commitment to fortifying public sector undertakings and enabling them to spearhead India's telecom revolution.
Regarding TCIL, revenue for FY 2024-25 has surged by 17 per cent, with profits more than doubling compared to FY 2023-24. ITI reported revenues of Rs 4,323 crore for FY 2024-25, achieving over a two-fold increase from FY 2023-24 and also securing positive EBITDA in FY 2024-25.
The Minister encouraged BSNL, TCIL, and ITI to maintain their emphasis on innovation, service delivery, and sustainable business practices.
He reiterated the government’s steadfast support in realizing Prime Minister Narendra Modi's vision of a robust, self-sufficient telecom sector that guarantees connectivity in every part of the country.
Point of View
It's clear that the quarterly performance review led by Minister Scindia marks a pivotal moment for India’s telecom sector. The positive results from BSNL, TCIL, and ITI not only indicate financial recovery but also reflect a broader commitment to enhancing connectivity across the nation, aligning with the government's long-term vision.
NationPress
04/09/2025
Frequently Asked Questions
What was the focus of the quarterly review meeting?
The quarterly review meeting focused on profit after tax (PAT) performance, turnover trends, and future growth projections of key telecom PSUs.
How much profit did BSNL report in Q3 and Q4?
BSNL reported a profit of Rs 262 crore in Q3 and Rs 280 crore in Q4 of FY 2024-25.
What significant milestone did BSNL achieve?
BSNL achieved a profit for two consecutive quarters, marking its first profit in nearly 18 years.
What growth did TCIL achieve in FY 2024-25?
TCIL's revenue grew by 17 percent and profits more than doubled compared to FY 2023-24.
What is the government's vision for the telecom sector?
The government's vision is to create a resilient and self-reliant telecom sector that ensures connectivity throughout the country.
