Reliance Jio tops with AGR at Rs 25,331 cr, Airtel sees steepest growth

Reliance Jio posted the highest adjusted gross revenue, on the basis of which the government calculates spectrum and licence fee, at Rs 25,330.97 crore while Bharti Airtel saw its AGR grew at sharpest pace in March 2024 quarter, a report by sector regulator Trai said on Thursday.

Reliance Jio's adjusted gross revenue (AGR) grew by 10.21 per cent during the latest January-March quarter from Rs 22,985 crore in the same period a year ago.

Airtel's AGR grew by 13.25 per cent to Rs 20,951.91 crore in the March 2024 quarter from Rs 15,500.36 crore a year ago.

Loss making Vodafone Idea posted a marginal 2.22 per cent year-on-year increase in AGR at Rs 7,370.75 crore from Rs 7,210.63 crore.

State-owned BSNL and MTNL posted declines of 4.41 per cent and 13.78 per cent in AGR to Rs 1991.61 and Rs 156.61 crore, respectively.

Overall, telecom service providers' gross revenue grew by 3.01 per cent on a year-over-year basis to Rs 87,926 crore and adjusted gross revenue grew by 9.25 per cent in