The profit of telecom companies will increase due to the demand for big data packs.
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Domestic rating agency Crisil has recently released a report saying that the operating profit of Indian telephone companies may soon see an increase.
The report claimed that during the financial year 2023-24, the profit of Indian telephone companies could increase by 15% to reach 1.2 lakh crores.
In the current financial year 2023-24, the operating profit of Indian telecom companies is estimated to increase by 15 percent to reach Rs 1.2 lakh crore.
Crisil Ratings has given this information. According to this, the operating profit of telecom companies was Rs 1.04 lakh crore last year.
Demand for larger ‘data packs’ amid growing consumption will be a key driver of industry profit growth in the current fiscal, said Manish Gupta, the agency’s deputy chief rating officer, adding that average earnings per subscriber (ARPU) which has been on the decline over the past few years. Has been.
This will go up by eight to 10 per cent despite no major increase in tariffs in the near future as telcos migrate 4G customers to 5G services.
Data usage in this financial year has increased from 20 GB per month in the last financial year to 23-25 GB per customer and the rationalization of tariff plans will increase operating profit.
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