Reliance Jio, Bharti Airtel, and Vodafone Concept (Vi) have launched their quarterly studies for Q3 FY26. This was an vital quarter for each telco. It was the final considered one of calendar yr 2025. In 2026, telcos would need to go extra aggressive on pricing. The typical income per consumer (ARPU) is a crucial metric for the telcos, and particularly with the quarter having two months with 31 days, the general revenues change into much more vital. All of the non-public telcos have posted their efficiency studies. Let’s examine who had the very best ARPU.
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Airtel vs Jio vs Vi Q3 FY26: ARPU
On the finish of Q3 FY26, Airtel reported an ARPU of Rs 259, the main determine within the business. In comparison with this, Reliance Jio and Vodafone Concept posted an ARPU of Rs 213.7 and Rs 186. Vodafone Concept and Jio are nonetheless making an attempt to catch as much as Airtel in terms of ARPU. Nevertheless, in internet income, Jio was forward with a internet earnings of Rs 7,629 crore whereas Airtel’s internet earnings throughout the identical quarter Rs 6,631 crore. Vodafone Concept, like at all times, posted a internet lack of Rs 5,286 crore.
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The loss for Vi has narrowed fairly considerably. With a tariff hike within the close to horizon, we anticipate the telcos to spice up their ARPU considerably. The analysts are extra hopeful of a tariff hike within the close to future owing to Reliance Jio’s IPO (Preliminary Public Providing). Jio is the biggest telecom operator within the nation, and one of many largest globally. The telco will go for IPO quickly (anticipated within the first quarter of FY27) and is predicted to lift greater than Rs 50,000 crores from the market. The IPO could possibly be mixture of main and secondary shares and will see the early buyers capitalising on among the beneficial properties.
