Indian Telecom Equipment & Infrastructure Services Stocks in 2025 Part 1

Robust Revenue Growth in Telecom Sector Revenue Growth: The Indian telecom sector is expected to grow by 13–15% year-on-year in FY2025, with total industry revenues projected to touch ₹2.78 lakh crore. This is an improvement over the 9% growth seen in FY2024, driven by increased data consumption and subscriber additions. (Source: The Economic Times) EBITDA Margins: Operating profits (EBITDA) are expected to grow by 15–17% in FY2025, reaching nearly ₹1.2 lakh crore, supported by strong operating leverage and efficient cost management. (Source: CRISIL Ratings) Increase in Average Revenue Per User (ARPU) ARPU Surge: The average revenue per user (ARPU) is expected to increase significantly, reaching ₹225–₹230 by FY26, up from ₹182 in FY24. This is attributed to the recent tariff hikes and increased 5G usage. (Source: CRISIL Ratings) Growth Outlook: Analysts project ARPU to grow at a CAGR of 11–12% over the next 3–4 years. This growth will be driven by increased consumer data usage and monetization of premium services. (Source: The Financial Express)