News

Published: July 5, 2024
Updated: July 5, 2024

Telecom Sector Sees Growth, Reliance Jio Leads with Highest AGR

Adjusted Gross Revenue (AGR) Report

The Telecom Regulatory Authority of India (Trai) has released its report on Adjusted Gross Revenue (AGR) for the January-March 2024 quarter, with Reliance Jio emerging as the leader.

Highest AGR

Reliance Jio posted the highest AGR at Rs 25,330.97 crore, a 10.21% increase from the same period last year.

Sharp Growth

Bharti Airtel saw the sharpest growth in AGR, with a 13.25% increase to Rs 20,951.91 crore.

Other Players

Vodafone Idea posted a marginal 2.22% increase in AGR to Rs 7,370.75 crore, while state-owned BSNL and MTNL saw declines of 4.41% and 13.78%, respectively.

Industry Performance

The telecom service providers' gross revenue grew by 3.01% year-over-year to Rs 87,926 crore, while adjusted gross revenue grew by 9.25%.

Government Collection

The government's collection from licence fee and spectrum usage charges increased by over 10% to Rs 6,506 crore on a year-over-year basis.

Accordingly, the telecom sector has shown growth in the March 2024 quarter, with Reliance Jio leading the pack. The increase in AGR and gross revenue indicates a positive trend in the industry, with government collections also seeing an uptick. This growth is a testament to the sector's resilience and potential for future expansion.