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Relience Jio retains lead in AGR for March quarter

Mukesh Ambani-led Reliance Jio has again emerged as the frontrunner when it comes to adjusted gross revenue (AGR) or earnings from mobile phone services for the quarter ending March 2019, says the Telecom Regulatory Authority of India in its latest report. While Reliance Jio recorded AGR of Rs 9,839 crore for the quarter, India’s biggest telecom operator Vodafone Idea and Bharti Airtel’s adjusted gross revenue stood at Rs 7,133.4 crore (1.25% decline over December quarter) and Rs 5,920.2 crore (over 8% fall from the previous quarter), respectively. Reliance Jio saw 3.76 per cent jump in AGR over the December quarter.

However, quarter-on-quarter, AGR growth for Reliance Jio this time was lower than 14.6 per cent rise it had seen in the December quarter. Vodafone Idea was the one to beat in terms of the total number of subscribers at 395.17 million in the quarter, while Bharti Airtel and Reliance Jio followed with 329.36 million and 306.72 million subscribers, respectively. (source)

According to Trai’s report, titled ‘Indian Telecom Services Performance Indicator’, measuring telecom performance for March quarter, the number of telephone subscribers in the country declined to 1,183.5 million at the end of March 19, a decline of 1.20 per cent over December quarter

The overall teledensity in India declined from 91.45 as on December 2018 to 90.11 as on March 2019, it said.

The monthly average revenue per user (ARPU) for wireless service improved by 1.80 per cent to Rs 71.39 in the quarter ended March this year, against Rs 70.13 in the quarter ended December 2018.

Prepaid ARPU per month increased to Rs 63 in quarter ended March 19 (Rs 60 in quarter ended December 2018) but, notably, the postpaid ARPU per month saw a substantial decline to Rs 261 from Rs 296 during the same period.

The gross revenue (GR) and adjusted gross revenue (AGR) of the telecom service sector for the March 2019 quarter stood at Rs 58,414 crore and Rs 35,932 crore, respectively.

“GR declined by 0.98 per cent and AGR declined by 0.34 per cent in quarter ended March 2019 as compared to previous quarter,” it said. Compared to the year-ago period, the GR and AGR this time was lower by 6.08 per cent and 0.66 per cent respectively.

For more information: https://www.financialexpress.com/industry/jio-retains-lead-over-airtel-vodafone-idea-in-agr-for-march-quarter-trai/1639801/

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