 Telecom Industry  All the four companies i.e.

, RELIANCE JIO
INFOCOMM Ltd., Airtel, VI & MTNL selected under Telecom
Industry have a GP Margin of 100% in all the years i.e., 2018,
2019 and 2020, except when MTNL had a GP of 99.8% in 2018
because there are no COGS for all these companies. Hence, they
have all the revenue to cover indirect and other costs. All the
companies have maintained a healthy ratio among the years.