It is projected that the average revenue per user will jump by 25 per cent in fiscal 2025-26 compared with fiscal 2023-24.
That, along with moderation in capital expenditure (capex), on account of lower network investments after the completion of 5G rollouts and limited spectrum renewals, is likely to enhance return on capital employed (RoCE), besides improving credit profiles.
The revenue growth will be gradual over this fiscal and the next as the tariff hike becomes effective on the next recharge cycle for long-duration plans. It will improve operating profitability, which shall lift the industry RoCE to 11 per cent next fiscal from 7.5 per cent in fiscal 2023-24.
This story is from the July 17, 2024 edition of The Business Guardian.
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This story is from the July 17, 2024 edition of The Business Guardian.
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