Tariff hike is the biggest catalyst for investors in the telecom sector. Jio s ARPU, which has grown from Rs 130 in FY20, is seen growing to Rs 202 in FY26. Analysts from Kotak Institutional Equities see the possibility of a tariff hike only after the Lok Sabha elections in April-May 2024.
Reliance Jio Q1 Results 2024: Reliance Jio’s consolidated revenue from operations came in at Rs 23,394 crore, less than ET NOW’s projection of Rs 24,030 crore. During the last quarter, the company reported a 13 per cent jump in its net profit to Rs 4,716 crore for the January-March quarter of FY23., Markets News, Times Now