A Study of Financial Resource Management in the Selected Indian Telecommunication Companies
Keywords:
Telecommunication Sector, Ratio Analysis, Financial ResourcesAbstract
Today telecommunications is thought of both in terms of goods and services. India is the World’s second largest service provider in the Mobile Service Market and has world’s third largest internet user base while China being the largest service provider. .Though Telecom Companies are growing tremendously but introduction of new smart phones every now and then is posing great challenges for Telecom Companies in terms of lower call rates, good network, increased speed of internet etc.The intensity of competition and price war is growing so globally that these telecom brands are going for high scale marketing and sponsorship activities.So,proper management of financial resources is a must for maintaining the turnover, solvency and profitability of a concern. The aim of this research paper is to calculate and study ratios using the tool of ratio analysis; ratios like Current ratio, Debt Equity Ratio, Asset Turnover ratio and Net Profit Ratio. Further Trend Analysis has been applied on the gathered data to study the trend in the ratios calculated.
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