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BSNL Reports Rs 7,884 Cr Loss For FY-13; Steps For Revival

State owned telecom operator BSNL has reported a loss of Rs 7,884 crore for the financial year 2012-13 (FY-13). This was BSNL's fourth straight loss making fiscal, although the losses have improved 10.93% from Rs 8,851 crore loss in the previous fiscal FY-12. The telco had last reported a profit in the fiscal FY-09, where it had reported a profit of Rs 575 crore. In subsequent years, it has reported losses of Rs 1,823 crore in FY-10 and Rs 6,384 crore in FY-11. This was disclosed (pdf, Hindi) by Dr Killi Kruparani, Minister of State for Communications and Information Technology in response to a question in the Rajya Sabha. Note that BSNL is not a listed company, unlike the other state owned telco MTNL. While the minister didn't disclose BSNL's revenues for the entire fiscal, Communications & IT Minister Kapil Sibal had earlier mentioned that BSNL had generated total revenue of Rs 19,305 crore for the nine month period ending December 31, 2012. It had reported revenues of Rs 27,933.50 crore in the previous fiscal (FY-12). MTNL Losses: Along with BSNL, Kruparani mentioned that MTNL had reported a net loss of Rs 5,321 crore for the fiscal FY-13, up from Rs 4,110 crore loss in the previous fiscal FY-12, Rs 2,802 crore loss in FY-11, Rs 2,611 crore loss in FY-10 and Rs 211 crore profit in FY-09. Last month, MTNL had reported a loss of Rs 947.1 crore and revenues of Rs 813.5 crore for the quarter ended September 30, 2013 (Q2-FY14). Note that revenues are lower than losses here and this has been the case for…

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