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Telecom Industry Gross Revenue Surpasses ₹1 Lakh Crore in Q3; AGR Reaches ₹84,270 Crore

Written by: Team Angel OneUpdated on: 4 Mar 2026, 4:54 pm IST
India’s telecom sector revenue crossed ₹1.02 lakh crore in the December 2025 quarter, while adjusted gross revenue rose 8.13% year-on-year to ₹84,270 crore.
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India’s telecom sector recorded strong growth in the December 2025 quarter, with industry revenue crossing the ₹1 lakh crore mark. The increase reflects rising telecom service demand and improved earnings among major operators, as per PTI reports. 

Industry Revenue Performance 

Telecom service providers in India recorded strong financial growth in the December 2025 quarter, with the sector’s total revenue crossing the ₹1 lakh crore milestone. According to a report released by the Telecom Regulatory Authority of India (TRAI), the cumulative gross revenue reached ₹1.02 lakh crore during the quarter. 

The gross revenue of telecom service providers (TSPs) was ₹96,390 crore a year ago and ₹99,828 crore in the September 2025 quarter. The adjusted gross revenue (AGR) grew by 8.13% on a year-over-year basis to ₹84,270 crore in the December 2025 quarter, from ₹77,934 crore in the same period a year ago.  

Access service providers, which are players like Reliance JioBharti AirtelVodafone Idea, etc., accounted for 84.54% of total AGR in the December 2025 quarter. 

Company-wise Revenue Contribution 

Among telecom operators, Reliance Jio emerged as the top revenue generator. The AGR data published till the September 2025 quarter by the Telecom Regulatory Authority of India (Trai) in the performance indicator report shows that Reliance Jio topped the chart with revenue of ₹31,767.11 crore. It was followed by Bharti Airtel with an AGR of ₹28,497.45 crore and Vodafone Idea with ₹8,176.62 crore. 

State-owned telecom operators recorded weaker performance. BSNL, which has turned profitable, has reported a decline of 12.61% year-on-year in AGR to ₹2,003.48 crore. BSNL's sister concern MTNL posted about a 75% decline in AGR on a year-on-year basis to ₹37.77 crore. 

The increase in telecom revenues also led to higher collections for the government through regulatory charges. The government's licence fees collection grew by 8% on a year-on-year basis to ₹6,733 crore, while spectrum usage charges rose by 3.19% to ₹1,020 crore. 

The adjusted gross revenue (AGR) is derived from the sale of telecom services and government levies, including licence fees and spectrum usage charges. 

Read More: Vodafone Idea Expands Ericsson Alliance to Upgrade Postpaid Systems and Strengthen 5G Network! 

Conclusion  

The December quarter highlights steady growth in India’s telecom industry, driven mainly by private operators such as Reliance Jio and Bharti Airtel. Rising adjusted gross revenue has also increased government collections through licence fees and spectrum charges, reflecting improving sector performance and sustained demand for telecom services across the country. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.  

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. 

Published on: Mar 4, 2026, 11:24 AM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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