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Informist, Friday, Nov. 14, 2025

MUMBAI - With the September quarter earnings season almost over, absence of key triggers is likely to keep shares of telecom companies muted in the near term. The earnings growth of domestic telecom players is expected to be better in the coming quarters, too, supported by tariff hikes, growth in the average revenue per user, and premiumisation strategies, an analyst tracking the sector said.

The government's measures to bring next-generation communications in the country are also expected to keep pushing the need for better telecom infrastructure and competition in the sector, the analyst said. Department of Telecommunications Secretary Neeraj Mittal had last week said that India aims to secure at least 10% of global sixth generation network, or 6G, patents by 2030. "This is a multi-pronged approach by supporting R&D, by encouraging and facilitating domestic manufacturing, creating bridges between academia, industry and government, and an instance of that is today," Mittal was quoted as saying.

While the entry of foreign players, such as Elon Musk-owned Starlink, is unlikely to increase the competition for existing telecom players in India, the presence of such companies is likely to bring better infrastructure in the country, he added. Starlink has in fact announced partnership with major domestic players such as Bharti Airtel and Jio Platforms for internet services in India.

This week, Vodafone Idea reported better than expected earnings for the September quarter, supported by higher average revenue per user and a double-digit fall in finance costs. The company's consolidated net loss narrowed to over INR 55 billion from a net loss of INR 66.08 billion a quarter ago, and lower than the net loss of INR 67.80 billion analysts had expected. Its revenue rose around 2% sequentially to almost INR 111.95 billion, slightly higher than the INR 111.32 billion the Street had anticipated.

Buoyed by the better results, the stock gained the most this week, rising almost 14% and was the top gainer compared to its other peers. On Friday, its shares closed almost 5% higher at INR 10.94 on the National Stock Exchange. However, the stock is still down 91% from its record high of INR 123.21 hit in April 2015.

TOP HEADLINES
* ITI net loss narrows QoQ to INR 542.4 million in Jul-Sept
* PRESS: Govt begins work on relief package for Vodafone Idea after SC verdict
* Analyst Concall: Vodafone Idea sees INR 75 bln-INR 80 bln as capex for FY26
* Earnings Review: Lower finance costs help Vodafone Idea narrow Q2 net loss

Following are the resistance and support levels for the sector's key stocks for next week, as per calculations based on their prices on the National Stock Exchange: 

End

Reported by Anjana Therese Antony
Edited by Ashish Shirke

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