Mumbai: TRAI's Indian Telecom Services-Yearly Performance Indicators report for 2023-24 highlights that gross revenue also saw a modest increase of 0.71 per cent year-on-year, climbing from Rs 3.33 trillion in 2022-23 to Rs 3.36 trillion in 2023-24. Meanwhile, the Applicable Gross Revenue (ApGR) grew by 6.38 per cent, reaching ₹3.23 trillion in 2023-24, up from Rs 3.03 trillion in the previous financial year.

In 2023-24, the Adjusted Gross Revenue (AGR) of telecom service providers grew by 8.24 per cent year-on-year, driven by increased data consumption and consumer upgrades, according to a report by the Telecom Regulatory Authority of India (TRAI). The AGR rose from ₹2.49 trillion in 2022-23 to Rs 2.7 trillion in 2023-24.

License fees experienced an 8.45 per cent increase, rising from Rs 19,954 crore in 2022-23 to ₹21,642 crore in 2023-24. Conversely, spectrum usage charges (SUC) saw a significant decline of 32.20 per cent, dropping from Rs 4,968 crore in 2022-23 to ₹3,369 crore in 2023-24.

Among telecom service providers, Reliance Jio recorded a 9.62 per cent year-on-year growth, with its AGR increasing from ₹89,279.39 crore in 2022-23 to Rs 97,868.06 crore in 2023-24. Bharti Airtel posted a 12.12 per cent rise, reaching ₹80,529.33 crore in 2023-24. In contrast, Bharat Sanchar Nigam Ltd (BSNL) reported a 1.92 per cent decline, while Mahanagar Telephone Nigam Ltd (MTNL) experienced a sharp 22.34 per cent decrease, with its AGR falling from ₹785.6 crore in 2022-23 to Rs 610.11 crore in 2023-24.

The share of public sector undertakings (PSUs) in the access AGR of telecom services decreased to 6.64 per cent in 2023-24, down from 7.04 per cent in 2022-23. The PSUs' share in such AGR amounted to ₹17,973 crore in 2023-24, compared to Rs 17,605 crore in the previous fiscal year.