India News
Search Web Directory
News Home
BSNL, MTNL beat Reliance Jio in January-March revenue growth
Posted on 11th July 2019
Though the telecom sector has not recovered fully yet, positive swings seem to be emerging. The adjusted gross revenue (AGR) of the industry rose marginally to Rs 35,932 crore in the January-March quarter. The number for the same period last year stood at Rs 35,697 crore. On a sequential basis, though, the AGR declined a bit, as in the December quarter, the amount was Rs 36,054 crore.

Licence fees also declined to Rs 2,888 crore for the March 2019 quarter compared with Rs 2,932 crore in the corresponding period last year. Spectrum usage charges rose marginally to Rs 1,055 crore for the March 2019 period against Rs 1,051 crore in March 2018.

Surprisingly, it was public-sector firms, BSNL and MTNL, which have beaten even Reliance Jio in terms of increase in their access services AGR for the reported period. BSNL’s AGR grew the highest at 16.44% to Rs 2031.07 crore in the March quarter from Rs 1,744.37 crore in the preceding December quarter.

MTNL followed with 9.25% growth in AGR to Rs 466.74 crore for the reported period against Rs 427.24 crore in the preceding period.

The March quarter is usually good for the state-run companies as revenues from enterprise segment come during the period.

Among the private players, it was only Reliance Jio, which saw its access services AGR rise by 3.76% to Rs 9,838.91 crore compared with Rs 9,482.31 crore in the preceding December quarter.

All other incumbents saw a decline in their respective AGRs. Bharti Airtel’s AGR declined to Rs 5,920.22 crore for the March period compared with Rs 6,439.65 crore in the preceding quarter while Vodafone Idea’s AGR fell to Rs 7,133.40 crore from Rs 7,223.72 crore.

The monthly average revenue per user (ARPU) for access services fell marginally to Rs 72.49 from Rs 72.82 in the preceding quarter. Access services or mobile services contributed 72.62% of the total AGR of telecom services.

India Ratings and Research has said that though there has been stabilisation of mobile services revenues in Q4FY19, recovery of the telecom sector will take time as credit profiles of operators will remain under pressure in the medium term due to high competitive intensity, elevated debt levels and continued reliance on capital infusion for debt servicing and capex.

The agency further said revenue recovery may continue going ahead, albeit at a slower pace, as the proportion of high ARPU subscribers in the data and broadband (3G+4G) categories continues to be low at 40-44% and 30%, respectively, of overall subscriber base.

After falling steadily over the last 2.5 years, data tariffs (expressed in terms of GB per user per month) rose 11%-17% during October 2018-February 2019, and has been stable since then.

Related Companies: Bharat Sanchar Nigam Limited (BSNL)   

Other Latest News
Wipro inks pact with Indian Institute of Science for research in robotics, 5G
Posted on 20th August 2019
Wipro Limited on Tuesday announced a strategic partnership with the Indian Institute of Science (IISc) to conduct advanced applied research in autonomous systems, robotics and 5G space. The two organisations have jointly set up the Wipro IISc Research and Innovation Network (WIRIN), an industry academia collaboration unit.

Yes Bank shares tumble 7% on fraudulent transactions at CG Power and Industrial Solutions
Posted on 20th August 2019
Shares of Yes Bank plunged more than 7 per cent after the risk and audit committee of CG Power and Industrial Solutions in which the private lender owns more than 12.79 per cent stake said there were some unauthorized transactions by certain employees of the company. CG Power also received a letter from a particular financing company regarding a certain interest payment failure which the Operations Committee of the company was unable to trace or ascertain from the financials of the company, according to the exchange filing.

SBI announces special car, personal, education loan benefits ahead of festive season
Posted on 20th August 2019
India's biggest bank State Bank of India (SBI) has announced special offerings ahead of this festive season for retail customers across different product categories: auto/car loan, personal loan, education loan and home loan. SBI has waived processing fees on car loans during this festival season. In addition, SBI is offering "lowest" interest rate starting from 8.70% to customers opting for car loan, with no escalation in interest, the bank said.

Sebi likely to ease share buyback norms for NBFC
Posted on 20th August 2019
Mumbai: In the wake of the liquidity crisis hitting the NBFCs and housing finance companies (HFCs), securities market regulator Sebi might ease share buy-back norms for these firms.

The proposal is expected to be presented at the regulator's board meet on Wednesday.

NTPC to set up 5,000-MW ultra mega solar park in Gujarat, Rajasthan
Posted on 20th August 2019
NTPC, India’s largest power producer, is planning to set up ultra mega solar parks (UMSPs) of 5,000 MW capacity across solar radiation-rich states of Gujarat and Rajasthan to help India meet its 2022 renewable energy target, and to reduce its overall dependence on fossil fuel. NTPC chairman and MD Gurdeep Singh said the first ultra mega solar park will come up in Kutch district of Gujarat, while the next is planned in Rajasthan. “We have identified the location, and the process for acquisition of land will start soon in Kutch. We plan to invite the bids for the first phase of the park by March 2020,” Singh said.

» Post a FREE Classified Advertisement
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Classifieds Website.
Jobs in India India Real Estate Automobiles Matrimonials Beauty & Fitness

Add a comment for BSNL, MTNL beat Reliance Jio in January-March revenue growth
Please only use this form to enter comments on the above company. All comments are reviewed before they are displayed on the web site. Not all comments may be displayed. Check back with us to see if your comments have been displayed.
If you want us to email the comments posted by users, please Subscribe by email
Security Code*

Be the first person to write a business review for BSNL, MTNL beat Reliance Jio in January-March revenue growth

Most Read News

IOC to invest Rs 2 lakh cr to expand operations

Bharti Airtel, Vodafone Idea shares tumble after Mukesh Ambani announces Reliance Jio’s ambitious plan

Aramco to invest $15bn in Reliance Industries Limited

Yes Bank shares fall to 5 year low; board’s capital raising committee to consider issue price on Aug 14

Sensex sinks over 300 points; metal, auto stocks drag

More India News

Photo Gallery

Yamaha Ray Z(10 Images)Yamaha Ray Z.
Gopala Gopala(11 Images) Gopala Gopala
Manyam Puli(11 Images)Manyam Puli
  India Web Directory
Business Profiles
Automotive Directory
IT/ITES/BPO Directory
Hotel Directory
Health Directory
Business Directory
Gems & Jewellery
Education Directory
Real Estate Directory
Agriculture Directory
Logistics Directory
Yellow Pages
NRI Guide
Photo Galleries
Global Web Directory
*** FREE India Classifieds
Order Premium Listings
Submit a Site
Business Reviews
About us
Link to us
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India Web Directory
    © 1999 - 2019
    All Rights Reserved
Privacy Statement