BHARAT SANCHAR NIGAM LIMITED
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2002
	SCHEDULE	Year ended		Period ended
		31st March 2002		31st March 2001
		(Rs.000's)		(Rs.000's)
INCOME
Income from Services	N	242,998,944		115,966,611
Other Income	O	26,817,995		1,028,156
		269,816,939		116,994,767
EXPENDITURE
Employees' Remuneration and Benefits	P	38,484,520		20,700,739
Licence fee and Spectrum fee (Refer Note 13, 14 on Schedule U)		34,031,191		15,732,466
Administrative,Operating and other expenses	Q	39,957,915		28,937,314
Financial Expenses	R	4,682,106		2,742,899
Depreciation		87,461,309		38,580,811
		204,617,041		106,694,229
Profit before Prior period adjustment and taxation		65,199,898		10,300,538
Prior period adjustments	S	3,321,938		-
Profit before taxation		68,521,836		10,300,538
Provision for taxation		5,400,141		2,830,000
Profit after taxation		63,121,695		7,470,538
Appropriation:
Bonds Redemption Reserve		5,719,018		3,717,746
Surplus carried to Balance Sheet		57,402,677		3,752,792
		63,121,695		7,470,538
Earnings per Share
Basic /Diluted earnings per Share (Rs.)		12.62		1.50
(Refer note 20 on Schedule U)
Accounting policies	T
Notes to Accounts	U
This is the Profit & Loss Account referred	The Schedules  referred to  above form
to in our report of even date	an integral part of the Profit & Loss Account
	For and on behalf of Bharat Sanchar Nigam Limited
H.Singh	Prithipal Singh
Partner	(Chairman and Managing Director)
For and on behalf of
Price Waterhouse
Chartered Accountants
	S.D.Saxena
	Director (Finance)
	A.S.Ray
	Deputy Director General (Corporate Accounts)
Place : New Delhi	H.C.Pant
Date  :     September, 2002	Company Secretary and General Manager (Legal)