**Policy Summary:**
On September 4, 2025, Union Minister for Communications and Development of North Eastern Region, Shri Jyotiraditya M. Scindia, chaired a quarterly financial review meeting of telecom PSUs: Bharat Sanchar Nigam Limited (BSNL), Telecommunications Consultants India Limited (TCIL), and ITI Limited. The review assessed Profit After Tax (PAT) performance, turnover trends, and future growth projections.
BSNL demonstrated a significant financial turnaround, posting profits for two consecutive quarters (Q3: ₹262 crore, Q4: ₹280 crore in FY 2024-25) after nearly 18 years. This is a substantial improvement from a loss of ₹849 crore in Q4 of the previous fiscal year. BSNL's annual losses have reduced by nearly 58% to ₹2,247 crore.
TCIL's revenue grew by 17% in FY 2024-25, with profits more than doubling compared to FY 2023-24. ITI posted a revenue of ₹4323 crore for FY 2024-25, more than double the revenue of FY 2023-24, and achieved positive EBITDA in FY 2024-25.
Minister Scindia urged BSNL, TCIL, and ITI to maintain focus on innovation, service excellence, and sustainability. He reiterated the government's commitment to strengthening PSUs and realizing the vision of a resilient, self-reliant telecom sector.
Further information can be found on the Department of Telecommunications' social media handles: X (https://x.com/DoTIndia), Instagram (https://www.instagram.com/departmentoftelecomigshMXUxbHFjd3llZTU0YQ), Facebook (https://www.facebook.com/DoTIndia), and YouTube (https://youtube.com/departmentoftelecomsiDALnhYkt89U5jAaa). Release ID: 2163771.
Key Entities Referenced
Jyotiraditya M. Scindia: Union Minister for Communications and Development of North Eastern Region
Bharat Sanchar Nigam Limited (BSNL): A key telecom Public Sector Undertaking (PSU) in India that has shown financial turnaround.
Telecommunications Consultants India Limited (TCIL): A key telecom Public Sector Undertaking (PSU) in India with increased revenue and profit.
ITI Limited: A key telecom Public Sector Undertaking (PSU) in India with increased revenue and positive EBITDA.
Ministry of Communications: The Indian government ministry overseeing the telecommunications sector.
Delhi: Location of Chief General Managers (CGMs) Review Meeting and PIB where the release was posted.
Prime Minister Shri Narendra Modi: The Prime Minister of India, whose vision includes a resilient, self-reliant telecom sector.
Public Sector Undertakings (PSUs): Government owned entities in the telecom sector being reviewed.
Ministry of Communications
Union Minister Shri Jyotiraditya M. Scindia Reviews
quarterly Financial Performance of Telecom PSUs
Union Minister Shri Scindia urges BSNL, TCIL, and
ITI to continue their focus on Innovation, Service
Excellence, and Sustainability
Applauds BSNL’s Turnaround, Highlights
Government’s Commitment to Strengthening PSUs
Posted On: 04 SEP 2025 5:41PM by PIB Delhi
Union Minister for Communications and Development of North Eastern Region, Shri Jyotiraditya M. Scindia,
today chaired the quarterly financial review meeting of key telecom Public Sector Undertakings (PSUs) —
Bharat Sanchar Nigam Limited (BSNL), Telecommunications Consultants India Limited (TCIL), and ITI
Limited.The review focused on three critical areas: Profit After Tax (PAT) performance, turnover trends, and future
growth projections. All three PSUs demonstrated encouraging progress, reflecting a collective push towards
sustainable expansion and deeper digital connectivity across the nation.
A key highlight of the meeting was the financial turnaround of BSNL, which has posted profits for two
consecutive quarters — a milestone achieved after nearly 18 years. BSNL recorded a profit of ₹262 crore in
Q3 and ₹280 crore in Q4 of FY 2024-25, a sharp improvement from a loss of ₹849 crore in Q4 of the previous
fiscal year. This recovery has led to a nearly 58% reduction in the company’s annual losses, bringing them
down to ₹2,247 crore.
The financial review builds on the momentum of last month’s Chief General Managers (CGMs) Review
Meeting held in Delhi, where CGMs from all 32 telecom circles presented their roadmaps for growth,
enhanced customer service, and operational efficiency. Today’s meeting assessed how those strategies are
translating into real financial outcomes at the national level.
Minister Shri Scindia commended BSNL’s performance, stating that the turnaround is a clear indication of the
Government’s commitment to strengthening public sector undertakings and empowering them to drive India’s
telecom revolution.In case of TCIL, the revenue in FY 2024-25 has grown up by 17% and profit more than double over FY 2023-
24. ITI has posted a revenue of Rs 4323 cr for FY 2024-25 with a growth of more than double over FY 2023-
24 and also achieved positive EBITDA in FY 2024-25.
The Minister urged BSNL, TCIL, and ITI to continue their focus on innovation, service delivery, and
sustainable business practices. He reiterated the Government’s unwavering support for realizing Prime
Minister Shri Narendra Modi ji’s vision of a resilient, self-reliant telecom sector that ensures connectivity in
every corner of the country.
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Samrat/Allen
(Release ID: 2163771)