New Delhi, Aug. 18 -- After reporting profits for two consecutive quarters in 18 years, state-owned telecom operator Bharat Sanchar Nigam Ltd (BSNL) has returned to the red, with a net loss of Rs.1,049 crore in the June quarter.

This marks a sharp reversal from the March-quarter profit of Rs.280 crore and the December-quarter profit of Rs.262 crore, according to its financial statements seen by Mint.

BSNL's revenue from operations fell 24% quarter-on-quarter to Rs.5,029.6 crore, with declines across all segments-consumer mobility, enterprise, and consumer fixed access.

The losses came even as the telecom operator saw a dip in total expenses, barring employee costs. Total expenses fell 9.4% sequentially to Rs.6,840 crore. Employee costs...