The Telecom Regulatory Authority of India (TRAI) has released the telco financial data for second quarter (Q2) of the financial year 2024-25 (FY2024-25).
As per the data, Bharti Airtel has gained 180 basis points (bps) on-year in Q2 FY25, boosting its revenue market share (RMS) to 39.1 per cent compared to Reliance Jio’s 18 bps on-year rise to 42.2 per cent.
Consequently, the gap between Jio and Airtel has narrowed to just over 300 bps in Q2 FY25, down from 480 bps a year earlier when Airtel and Jio’s RMS stood at 37.3 per cent and 42.1 per cent, respectively.
The data indicated that Airtel has gained revenue share in 21 out of 22 circles during Q2, with most of its market share increases occurring in key regions such as Delhi, Mumbai, Kolkata, Tamil Nadu, and Bihar. Meanwhile, Vodafone Idea Limited (Vi) experienced a significant decline in RMS, dropping by 169 bps to a record low of 14.6 per cent in Q2 FY25, as the company’s adjusted gross revenue (AGR) fell across its established circles.
Additionally, the financial data reported that Airtel and Jio experienced sequential AGR increases of 10.2 per cent and 6.7 per cent, respectively, with Airtel’s AGR reaching Rs 259 billion and Jio’s at Rs 280 billion in Q2 FY25. In contrast, Vi’s AGR rose by 5.4 per cent to Rs 97 billion during the same period.
Further, overall industry AGR (including NLD revenue) rose 8 per cent sequentially to Rs 663 billion in Q2 FY25, on the back of the July tariff hikes. The combined AGR of the top three operators, in turn, rose 7.9 per cent quarter on quarter (QoQ) to Rs 636 billion.
