Firms/companies > B > Bharat Sanchar Nigam Ltd
BSNL and MTNL turn EBITDA positive within 1 year of implementing revival plan
21 January 2021
State-owned telecom firms Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL) are back on the path of profitability a year after undertaking a revival plan to contain huge wage bills, administrative costs and other expenditure.
BSNL had reported earnings before interest, taxes, depreciation and amortisation (EBITDA) of Rs3,855 crore in 2015-16 against Rs672 crore in 2014-15 and now, after few troubled years and a revival package, BSNL is once again back on the track of profitability.
Within a year of implementing the revival plan, BSNL and MTNL have turned EBITDA positive in the first 6 months of this financial year. While for BSNL, EBITDA rose from minus Rs3,596 crore for half year ended September 2019 to Rs602 crore in April-September 2020-21, for MTNL the corresponding figures were minus Rs549 crore in April-Sept
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however the two asses of the issue is removal on the grounds of breach of copyright ethics even of one is of this misconduct would lead to the dismissal of any executive or employee. or just before his fourth arrest last week going again denied the charges against him saying they re part of a conspiracy within a sound to discredit him and his plans for the company nevertheless shareholders did is they were told and approved his removal as the comic is chair and it s really such a pity he was a brilliant executive i guess he became complacent as he was being praised so much . could pierce the receiver how this is so disappointing but when he came forward with his revival plan not just me but about twenty thousand employees across the world were fired as we now see you have so much money to spare and squander feel
re-elected. but it s all about growing the economy. getting jobs back. it was people like my friend austin who a year ago were saying gee, we can t get to 3% growth. we re at 3% growth now. the economy is growing at 3%. we believe we can get it to up to 3.5, 4% with this cut. you re seeing what s happening with the stock market. you re seeing the confidence in business. this is the next big part of trump s economic revival plan and i think if he gets it done, we re going to see big increases in growth and if that happens, as you know, the deficit is going to come down. thank you both very much. i know we ll have you back for take two through ten and plus more. next, breaking news, the infernos are spreading. it is the deadliest california wildfires in the quarter century. 21 people now u have died in this inferno. plus, could the las vegas killer s rampage have been stop ed? we have new audio tonight. a warning sounded by the security guard. call the police.
live pictures of the bat mobile which we re calling gotham city. that s my favorite car chase. i m looking forward to talking to this little fellow. first, big news out of washington, d.c. the health care faces another test in an hour. as he labors to save his top first-term achievement, he is lost, quite frankly. he s about to meet at the white house with top insurance executives. some of the executiveerize insen insensed, furious, really angry that now president obama s back is to the wall, he wants them to reestablish health insurance plans he has slammed as practically junk. stand by. we re going to have that in just a moment. now, a short time ago, a firely debate in the house on the republican plan of revival plan to the president s fix. we re doing it for my constituents like carolyn and lucy and cindy and wilma.
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