Vodafone Idea reports narrower Q4 loss of Rs 7,166 crore, revenue up 3.8%

CEO Akshaya Moondra termed Q4 as a “turnaround quarter,” highlighting progress across key business indicators and noting the highest average daily revenue in five years. He also revealed that Vi is actively exploring debt financing options to fund capital expenditures estimated between Rs 50,000 crore and Rs 55,000 crore over the next few years.

For fiscal 2025, Vi narrowed its losses to Rs 27,383.4 crore, down from Rs 31,238.4 crore in FY24.

Annual revenue increased modestly by 2.1 percent to Rs 43,571.3 crore. Despite these improvements, the company’s financial health remains fragile, with a negative net worth of Rs 70,320.2 crore as of March 31.

Vodafone Idea’s total debt, including bank loans and long-term liabilities linked to spectrum and adjusted gross revenue (AGR), stands at Rs 1.97 lakh crore. The company stated that meeting its debt obligations hinges on continued support from the Department of Telecommunications (DoT), successful fundraising, and operational cash flow generation.

In a bid to strengthen its finances, the board has approved a capital raise plan of up to ₹20,000 crore through various methods such as public issues, private placements, convertible securities, and foreign currency bonds. The final fundraising strategy will be decided by the Capital Raising Committee.

Following the government’s decision to convert outstanding spectrum dues into equity, its stake in Vodafone Idea has increased to 49 percent, while the promoter group retains operational control with a 25.6 percent share.