This update brings you VSNL s financials and performance during Q4 FY2001 as well as Un-Audited results for FY2001. Mr. Rohan Suchanti Asst.
Accumulated reserves approx.
The growth in physical performance has been translated into excellent financial performance and the net profit of VSNL for the year ended 2000-01 is significantly higher at Rs.15,776 crores compared to Rs.840.3 crores for the previous financial year. The above performance assumes significant importance as VSNL has been able to achieve this in spite of increasing competition and substantial reduction in tariffs in respect of its value added services during the year. Commenting on VSNL's position in the new era of privatisation , Shri. VSNL has long-term plans to add value to the investors, who have reposed faith in the Company. It also has the inherent strengths born out of strong cash reserves, to invest in many of its projects, without having to borrow from the market.