Telcos sustain growth but FY21 revenue still far from FY16 peak

Report combined net sales of Rs 1.87 trn as against Rs 2.24 trn posted 5 years ago

India’s mobile operators are back on the growth path and their combined net sales were up 11.9 per cent in FY21. With this, the industry’s total revenues are up 33.6 per cent from FY18. However, the telecom industry is yet to fully recover from the disruption caused by the entry of Reliance Jio in 2016. Its combined revenues last fiscal were still 16.5 per cent lower than its peak revenues in FY16. 

Existing telecom operators such as Bharti Airtel, Reliance Jio, Vodafone Idea, and BSNL reported a combined net sales of Rs 1.87 trillion in FY21 against peak revenues of Rs