BSNL market share fails to find signal despite improving balance sheet

Firm's net and cash loss widened in FY23 despite an improvement in operating profit during the year

Bharat Sanchar Nigam Ltd (BSNL) reported an improvement in revenues and balance sheet in FY23, but the company continues to lose market share to its rivals and its net and cash losses widened further during the year. In fact, the company’s net and cash loss widened in FY23 despite an improvement in its operating profit during the year.

The government-owned telecom operator’s net sales was up 13.8 per cent year-on-year (YoY) to Rs 19,128 crore in FY23, but its net losses were also up 17 per cent YoY to Rs 8,162 crore during the year. Similarly, its cash loss widened