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Time of India
27-05-2025
- Business
- Time of India
BSNL posts Rs 280 crore Q4 profit, second straight quarter in green after 18 years
NEW DELHI: State-run telecom giant BSNL on Tuesday reported a net profit of Rs 280 crore for the quarter ended March 31, 2025, marking its second consecutive profitable quarter after nearly two decades. The turnaround comes a year after the company posted a loss of Rs 849 crore in the same quarter. 'For the first time in 18 years, back-to-back quarterly profits, net profits, not just operating margins, for the second time running after 2007,' Union Telecom Minister Jyotiraditya Scindia said while addressing reporters. BSNL had posted a profit after tax of Rs 262 crore in the October-December quarter of FY25. The company's cumulative loss for the full financial year has now narrowed sharply to Rs 2,247 crore, from Rs 5,370 crore in FY24. BSNL Chairman and Managing Director A Robert J Ravi attributed the performance to 'professional management, government support and relentless focus on both the top line and the bottom line.' 'BSNL is not just being revived, but redefined,' Ravi said, adding that the company is focused on cost discipline and accelerating 4G and 5G deployments to maintain momentum. 'We will not be chasing profits as our end goal. We will be redefining telecom excellence in public service. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Signature Global SPR, Luxury Living in Sector 71, Gurgaon Signature Global Book Now Undo When we consistently do the right things, provide excellent service, reach the unreached, innovate for inclusivity, profits will naturally follow,' he added. BSNL's operating revenue rose 7.8% year-on-year to Rs 20,841 crore in FY25, up from Rs 19,330 crore in the previous year. The Ministry of Communications noted that while profitability could moderate in the short term due to increased capital expenditure and spectrum investments, the long-term outlook remains strong. It cited nationwide 4G/5G rollouts using indigenous equipment, network-as-a-service initiatives, and backhaul fibre upgrades as key drivers of future growth. The ministry also highlighted BSNL's ongoing asset monetisation programme, which nearly doubled its proceeds last year and is expected to generate additional funds to support infrastructure expansion. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Mint
27-05-2025
- Business
- Mint
BSNL posts ₹280 cr profit in Q4, second consecutive quarterly profit in 18 yrs: Scindia
New Delhi, May 27 (PTI) State-run telecom firm BSNL reported a profit of ₹ 280 crore for the fourth quarter ended March 31, 2025, marking its second consecutive quarterly profit, the company said on Tuesday. The company had posted a loss of ₹ 849 crore in the same period a year ago. "For the first time in 18 years, back-to-back quarterly profits, net profits, not operating profit alone, not even the positive margin alone, but net profit on a quarterly basis for the second time running after 2007," Union Telecom Minister Jyotiraditya Scindia told reporters. The company had posted a profit after tax of ₹ 262 crore in the third quarter. BSNL said that with back-to-back profitable quarters, the company's loss for FY25 has reduced to ₹ 2,247 crore from ₹ 5,370 crore in FY24. "The sharp turnaround is testimony to professional management, government support and relentless focus on both the top line and the bottom line. BSNL is not just being revived, but redefined," BSNL Chairman and Managing Director A Robert J Ravi said. Operating revenue of BSNL for FY25 increased by 7.8 per cent to ₹ 20,841 crore from ₹ 19,330 crore in FY24. Ravi said that with disciplined cost control and accelerated 4G/5G deployment, BSNL is confident of sustaining this growth trajectory and delivering affordable, high-quality connectivity to every Indian. "We will not be chasing profits as our end goal. We will be redefining telecom excellence in public service. When we consistently do the right things - provide excellent service, reach the unreached, innovate for inclusivity_- profits will naturally follow as a byproduct of that excellence," Ravi added.
Time of India
06-05-2025
- Business
- Time of India
Telecom minister Jyotiraditya Scindia on made in India iPhones: When you invest in India, you are…
Telecom minister Jyotiraditya Scindia on made in India iPhones Apple CEO Tim Cook on made in India iPhones Jyotiraditya Scindia on India's telecom growth Union Telecom minister Jyotiraditya Scindia emphasised that investing in manufacturing in India makes economic sense for original equipment manufacturers (OEMs), citing Apple's decision to source the majority of iPhones sold in the US from India as an example. Speaking at the Bharat Telecom event, Scindia stated that manufacturing in India can be affordable and the Bahart Telecom event, Scindia stated the benefits of investing in India and the companies are choosing reliability, affordability and originality. He noted that Apple CEO Tim Cook had announced during a recent earnings call that the company would source most of the iPhones sold in the US from India in the June quarter.'Apple has decided to source and produce all its mobile phones in India in the years to come," Scindia said, adding that "when you invest in India, you are choosing affordability, you are choosing reliability, you are choosing originality."Apple CEO Tim Cook announced recently that India will become the primary manufacturing hub for iPhones sold in the United States, marking a significant shift in the tech giant's production strategy amid escalating trade tensions."For the June quarter, we do expect the majority of iPhones sold in the US will have India as their country of origin," Cook said during Apple's quarterly earnings call, where the company reported a 5.1% revenue increase to $95.36 announcement comes as Apple seeks to mitigate the impact of potential tariffs from the Trump administration. While electronic products including smartphones recently received a temporary exemption from the 145% tariffs on Chinese imports, Cook warned that future duties could significantly impact from manufacturing in India, Scindia also talked about India's telecom growth. Scindia stated that government's PLI scheme led to rapid expansion and growth in the Indian telecom sector."Investment of Rs 4,000 crore, half a billion dollars alone, has resulted in sales of Rs 80,000 crore, Rs 16,000 crore in exports, (and) 25,000 jobs being created. Therefore, the telecom equipment market has also grown manifold in India," Scindia said.
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Business Standard
06-05-2025
- Business
- Business Standard
Apple to make all iPhones in India in coming years: Jyotiraditya Scindia
Union minister Jyotiraditya Scindia said investing in India today is not just about goodwill, but a sound economic decision for every original equipment manufacturer Union Telecom Minister Jyotiraditya Scindia has said that Apple will manufacture all iPhones in India in the coming years. Citing Apple's plans to source and produce most iPhones sold in the US from India, Scindia said investing in the country today is not just about goodwill, but a sound economic decision for every original equipment manufacturer (OEM). Scindia was speaking at the Bharat Telecom event on Tuesday, where he emphasised that India's policy environment and expanding manufacturing ecosystem are making it an increasingly attractive destination for global tech firms. 'Apple has decided to source and produce all its mobile phones in India in the years to come,' news agency PTI quoted Scindia as saying. 'When you invest in India, you are choosing affordability, reliability and originality,' he added. Apple CEO confirms iPhone shift to India Apple CEO Tim Cook confirmed the production shift during the company's recent earnings call. He said that a majority of iPhones sold in the US during the June quarter would be sourced from India. China will continue to manufacture most devices for other global markets amid uncertainty over tax tariffs. 'For the June quarter, we expect a majority of the iPhones sold in the US to have India as their country of origin,' Cook said. He also noted that nearly all iPads, Macs, Apple Watches and AirPods for the US market will be sourced from Vietnam. Apple expects recently announced US tariff hikes to add approximately $900 million to its operating costs. Telecom sector sees sharp growth: Scindia Scindia highlighted India's rapid telecom sector growth, attributing it to the Production-Linked Incentive (PLI) scheme. 'Investment of ₹4,000 crore — half a billion dollars — has resulted in sales of ₹80,000 crore, ₹16,000 crore in exports and 25,000 jobs being created,' he said, noting the sector's multifold expansion. 15% of global iPhones now made in India Minister of State for Telecommunications Chandra Sekhar Pemmasani said India has transformed from being a major importer in 2014 to a leading mobile phone manufacturer and exporter. 'In 2014, India was producing only six million mobile phones and importing 210 million. Today, we produce 330 million mobile phones annually, with exports of 50 million units,' he said. Pemmasani added that 15 per cent of global iPhone output now comes from India — a significant realignment in Apple's supply chain. According to market research firm IDC, Apple shipped 232.1 million iPhones globally. He also emphasised the importance of India's semiconductor mission in positioning the country as a hub for electronics manufacturing and system design. 'Setting up semiconductor fabs in India is a historic step towards technological sovereignty,' Pemmasani said.
