Mukesh Ambani, Sunil Mittal waiting for Q4 as telecom revenue may….
GH News February 24, 2025 05:06 PM
In what could be a good news the Telecom sector revenue is predicted to grow by 16-17% year-on-year in Q4FY25 which will eventually benefit private carriers like Reliance Jio and Bharti Airtel due to residual rate hikes and strong user gains while Vodafone Idea may experience fewer customer losses. According to reports Indias top two private carriers - Reliance Jio and Bharti Airtel - are set to report strong customer additions now that the impact of SIM consolidation after the rate hikes of July 2024 are behind analysts said. Telecom sector revenue is slated to grow 16-17% on-year in the March quarter FY25 and end the year at ₹268800 crore - the highest since Reliance Jio launched in FY17. Estimated sectoral revenue growth in Q4FY25 will be sharply higher than the 8% on-year revenue growth clocked by the industry before the last July industry-wide headline rate hikes. Strong revenue growth in the fiscal fourth quarter will also be boosted by the tail-end impact of the July 2024 rate hikes - primarily for Jio which has a higher chunk of users on longer-span packs - and robust 2G to 4G/5G conversions by the private carriers analysts added.
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