Telcos expected to see revenue, profits rise in second quarter

NEW DELHI: Having seen off the AGR millstone around its neck, the second quarter of the current financial year (Q2 FY21) is set to indicate the trajectory that telecom sector is likely to take over the next few quarters.

Excluding Reliance Jio, which only entered the market four years ago and hence had very little pending AGR liability, telecom companies have had to set aside significant provisions towards their massive AGR dues over the past few quarters.