State-owned Bharat Sanchar Nigam Limited (BSNL), which provides mobile, landline and broadband services in all circles (service areas) except Delhi and Mumbai, is likely to turn profitable by the 2023-24 financial year, according to a recent parliamentary panel report.
However, this all hangs on whether the company rolls out the revival package it was offered in 2019. BSNL has stated that it expects to be profitable from 2023-24 onwards, subject to full realisation of the revenue and cash flow from services as well as monetisation of land assets as envisaged at the stage of processing of the revival package, says the Standing Committee on Information Technology report earlier this month.