Telcos AGR Rises 8% to Rs 2.7 Lakh Cr in FY24
By Rediff Money Desk, New Delhi Aug 14, 2024 20:36
India's telecom operators' AGR increased by 8.24% to Rs 2.7 lakh crore in FY24, while government SUC collection dropped by 32.2%. Read more about the Telecom Regulatory Authority of India's (TRAI) report on AGR and SUC for FY24.
New Delhi, Aug 14 (PTI) Telecom operators' adjusted gross revenue -- on the basis of which the government collects spectrum and licence fees -- grew by 8.24 per cent to Rs 2.7 lakh crore in 2023-24, a Trai report said on Wednesday.
The adjusted gross revenue (AGR) of telecom service providers was Rs 2.49 lakh crore in 2022-23, Trai's Performance Indicator Report for 2023-24 said.
Reliance Jio posted the highest AGR of Rs 97.86 thousand crore, 9.62 per cent more than Rs 89.27 crore in the year-ago period.
Bharti Airtel AGR grew by 12.12 per cent to Rs 80.52 thousand crore. Vodafone Idea posted an AGR of Rs 29,605 crore, BSNL Rs 8,019 crore, Tata Rs 2,533 crore, MTNL Rs 610 crore and Reliance Communications Rs 185.26 crore.
The government's share of revenue in the form of licence fees increased by 8.45 per cent to Rs 21,642 crore from Rs 19,954 crore.
However, the collection from spectrum usage charges fell 32.2 per cent to Rs 3,369 crore in FY24 from Rs 4,968 crore in FY23.
"Public Sector Undertakings' (PSUs) share in the Access AGR of telecom services is 6.64 per cent for the year 2023-24 compared to 7.04 per cent in the previous year," the report said.
The adjusted gross revenue (AGR) of telecom service providers was Rs 2.49 lakh crore in 2022-23, Trai's Performance Indicator Report for 2023-24 said.
Reliance Jio posted the highest AGR of Rs 97.86 thousand crore, 9.62 per cent more than Rs 89.27 crore in the year-ago period.
Bharti Airtel AGR grew by 12.12 per cent to Rs 80.52 thousand crore. Vodafone Idea posted an AGR of Rs 29,605 crore, BSNL Rs 8,019 crore, Tata Rs 2,533 crore, MTNL Rs 610 crore and Reliance Communications Rs 185.26 crore.
The government's share of revenue in the form of licence fees increased by 8.45 per cent to Rs 21,642 crore from Rs 19,954 crore.
However, the collection from spectrum usage charges fell 32.2 per cent to Rs 3,369 crore in FY24 from Rs 4,968 crore in FY23.
"Public Sector Undertakings' (PSUs) share in the Access AGR of telecom services is 6.64 per cent for the year 2023-24 compared to 7.04 per cent in the previous year," the report said.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 15.79 (+ 2.00)
- 29184572
- GTL Infrastructure
- 2.67 ( -1.11)
- 28749307
- Suzlon Energy Ltd.
- 76.78 ( -4.96)
- 23632361
- Integra Essentia
- 4.53 ( -6.60)
- 23054326
- Filatex Fashions
- 1.42 (+ 2.90)
- 20800891
MORE NEWS
Ola Electric Widens Loss, Launches E-Motorcycle...
Ola Electric reported a wider loss in Q1 FY25 but saw strong revenue growth. The...
SMEs Raise Rs 11,000 Crore via Capital Markets:...
Indian SMEs are increasingly turning to capital markets for funding, raising Rs 11,000...
Six Sense Mobility Secures Rs 6 Crore Funding...
Six Sense Mobility Ventures raises Rs 6 crore from Piper Seria for team expansion,...