Reliance Jio and Bharti Airtel are likely to report at least 10 per cent sequential growth in their mobile business in the first quarter of financial year 2024-25 (Q1FY25), analysts said.
The impact of the recent price hike by the two telecom operators, they said, will most likely be felt in the third quarter of FY25. But all analysts expect Vodafone Idea's (Vi's) subscriber loss to continue in the April-June quarter (Q1).
Axis Capital expect: Airtel and Jio to see continued momentum in the growth rate of its mobile business at 11 and 10 led by per cent respectively in Q1FY25.
While Kotak Institutional equities said it expected an 8 per cent annual growth in combined wireless revenue for the three private sector telecom operators, driven by a 10 million higher combined subscriber base.
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