Vodafone Idea (Vi) reported a consolidated net loss of Rs 5,524.2 crore for the quarter ended September 30, an improvement from Rs 7,175.9 crore in the same period last year.
Sequentially, the loss also narrowed from Rs 6,611.1 crore in the first quarter, reflecting a gradual recovery in operations. Revenue from operations grew 2.4 percent year-on-year to Rs 11,194.7 crore in the reported quarter, compared to Rs 10,932.2 crore in year-ago period.
On a quarter-on-quarter basis, revenue rose 1.5 percent, supported by higher average revenue per user (ARPU) and an expanding base of mobile broadband subscribers.
EBITDA for the quarter stood at Rs 4,690 crore, while cash EBITDA (excluding Ind AS 116 impact) was Rs 2,250 crore, slightly lower than Rs 2,320 crore in Q2 FY25. Depreciation and amortisation expenses came in at Rs 5,570 crore, and net finance costs were Rs 4,680 crore. Excluding Ind AS 116, these stood at Rs 3,990 crore and Rs 3,600 crore, respectively.
The company’s capital expenditure (capex) for the quarter was Rs 1,750 crore, taking the total for the first half of FY26 to Rs 4,200 crore. As of September 30, 2025, the telecom major's debt from banks stood at Rs 1,530 crore, while its cash and bank balance was Rs 3,080 crore.
Commenting on the Supreme Court’s recent verdict on adjusted gross revenue (AGR) dues, Vodafone Idea said: “We welcome the Hon’ble Supreme Court’s judgements dated October 27, 2025 and November 3, 2025, whereby the Union of India is permitted to reconsider and take an appropriate decision with reference to the additional AGR demand raised for the period up to the financial year 2016–2017 and comprehensively reassessing and reconciling all AGR dues, including interest and penalty, up to the said financial year. We are in discussion with the DoT for next steps on this matter.”
Vodafone Idea Ltd CEO Abhijit Kishore said the company is making "steady progress" towards its strategic intent of delivering better customer experience.
“We expanded our 4G coverage to over 84 percent of population and completed the 5G rollout in all 17 circles where we hold 5G spectrum. The growth of ~21 percent in data volume reflects our ability to retain and engage customers through our differentiated prepaid and postpaid offerings. We are focused on increasing our 4G coverage to 90 percent population and expanding our 5G footprint in the geographies with growing 5G handset adoption.
In addition, Kishore said the company is engage in talks with lenders to secure financing support for its broader capex plans.
"We remain engaged with lenders to secure debt financing to support our broader capex
plans of Rs 50,000–55,000 crore. As we move forward, our investment journey to deliver superior
customer experience continues.”
The telecom operator's stock on BSE closed 1.04 percent lower at Rs 9.51 on November 11.
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