The Indian Telecom Industry has always been a pivotal part in growth and advancement of India. It played an important role in digitization of systems and processes across several economically important sectors. India is currently in terms of subscribers count which currently stand at 1.18 billion. Majority of this are wireless or mobile users. In recent years telecom sector has expanded rapidly and demand for better network connection and speed along with data consumption has increased rapidly. But does this growth really turning into fortune for the telecom companies or not. What are the adverse effects of such high competition in the telecom sector on the fiscalwell-being of the companies? In the context with this,current paper focuses on analysing the financial performance of four companies of telecom trade for the duration of 10 years from 2011-12 to 2019-20. It analyses the fiscal well-being of concerned units on the base of some selected fiscal variables portraying four diverse fiscal parameters that areleverage, liquidity, managerial efficiency andprofitabilityof the concerned units. Current paper also seeks to examine if the financial well-being of diverseunits is comparableamong them or a significant difference exist in between them also.