State owned telecom operator BSNL has reported (pdf, Hindi) total revenue of Rs 27,933.50 crore for the financial year 2011-2012 (FY-12), recording a 3.3% decline from Rs 28,876 crore revenue for the financial year 2010-2011 (FY-11). BSNL reported (pdf, Hindi) a total loss of Rs 8,851 crore for FY-12, a significant 38.64% increase from Rs 6,384 crore loss in FY-11. This announcement was made by Milind Deora, the Minister of State for Communications and Information Technology, in a written reply to the Rajya Sabha. BSNL Profit/loss over the years According to the minister, BSNL had been continuously recording a significant reduction in its profits since 2004-05 (FY-05), where it had posted a total profit of Rs 10,183 crore. In subsequent years, the company recorded profits of Rs 8,940 crore (FY-06), Rs 7,806 crore (FY-07), Rs 3,009 crore (FY-08), and Rs 575 crore (FY-09). BSNL recorded its first loss in 2009-10 (FY-10) posting a total loss of 1,823 crore, which massively increased to Rs 6,384 crore, in FY-11, a 250% increase from the previous year loss. As a result, the accumulated profit has also decreased from Rs 29,165 crore in FY-09 to Rs 12,108 crore in FY-12. MTNL Revenues: Along with BSNL Revenues, Deora stated that MTNL has reported a total loss of Rs 4,110 crore for the fiscal FY-11, a significant increase from Rs 2,802 crore in FY-10. We had reported this during the company's Q4 results announced in May 2012. Reasons for rising losses The minister stated that the reasons for the rising losses are due to…
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