Telecom industry posts 6.75 per cent AGR Growth in Q2 FY25 driven by tariff hikes, data surge

Complete sectoral minutes of consumption continued to be unchanged sequentially in the September quarter. The all-India average minutes of use (MoU) per customer monthly from wireless services stood at 974 as of September-end.

TRAI’s report on the telecom sector’s fiscal second quarter performance also indicated that monthly average income per user (ARPU) from wireless solutions rose 9.60% on-quarter to Rs 172.57. On-year basis, the growth was 15.31%.

Data collated by the industry regulatory authority revealed the country’s internet individual base rose by a modest 0.2% sequentially to 971.50 million in the financial 2nd quarter. Of this, the broadband web user base was at 944.39 million with the balance 27.11 million making up narrowband web customer base.

State-run Bharat Sanchar Nigam Ltd tape-recorded an AGR growth of 4.77% to Rs 1,996.77 crore in the fiscal second quarter. The telco – which really did not elevate rates like its private sector opponents – has been including clients over the last few months from Jio, Airtel and Vi.

The telecommunications sector taped 6.75% sequential development in modified gross earnings (AGR) at Rs 75,310 crore in the September quarter as toll rises and durable data usage outweighed tepid client additions, revealed data released by the Telecom Regulatory Authority of India (TRAI) on Wednesday. All the operators tape-recorded development in AGR throughout the quarter.

Bharti Airtel clocked the highest possible consecutive gain of 10.9% at Rs 24,632.84 crore. Dependence Jio’s profits climbed 2.2% to Rs 27,652.68 crore, followed by Vodafone Concept’s 7.8% gain at Rs 7,836.98 crore. Experts claim this was Vi’s first AGR gain after several quarters, elevating hopes that the most awful might more than for the battling telco which has been increased by a Rs24,000 crore equity fund raise.