Bharti Airtel and Reliance Jio are expected to see a revenue growth in Q4FY25, while Vodafone Idea may continue to lose subscribers due to ongoing churn.
Bharti Airtel's India revenue is projected to rise 8.7% QoQ to Rs 398 billion in Q4FY25.
Airtel's wireless revenue may increase by 1% QoQ to Rs 26,500 crore driven by strong subscriber additions and a rise in ARPU to Rs 247.
Reliance Jio is forecasted to have a revenue of Rs 29,940 crore in Q4FY25, growing 2.2% QoQ with subscriber base reaching 487 million.
Vodafone Idea is expected to lose 4.2 million subscribers in March 2025 quarter, with projected revenue decline of 2.1% QoQ to Rs 10,900 crore.