The shares of Vodafone Idea (Vi) jumped more than 6 percent on November 11 after the telecom company released better-than-expected results for the second quarter of the financial year 2026. The shares were trading at Rs 10.1 apiece in the morning of Tuesday.
Vodafone Idea had released its results in the post market hours of November 10.
Vodafone Idea Q2 Results:
Vodafone Idea on Monday reported a consolidated net loss of Rs 5,524.2 crore for the July-September quarter of the ongoing financial year 2026. This is lower than the Rs 7,175.9 crore net loss reported in the same quarter of the previous financial year, aided by more users upgrading to higher-margin 4G, 5G plans
Notably, the net loss reported during the quarter under review is lowest seen by the telco in 19 quarters, according to CNBC-TV18.
The telecom company's revenue from operations rose 2.4 percent year-on-year to Rs 11,194.7 crore in the reported quarter, from Rs 10,932.2 crore in year-ago period. EBITDA for the quarter stood at Rs 4,690 crore.
Vi's ARPU rose about 9 percent year-on-year to Rs 180, helped by a modest 1.5 percent increase in 4G and 5G users, and steady data usage.
Motilal Oswal on Vodafone Idea:
Motilal Oswal remained 'Neutral' on the stock, while noting that the telecom company is slightly ahead, driven by better enterprise revenue. It noted that the firm's earnings came above its estimates.
The domestic brokerage added that Vi has expanded its 5G services to 29 cities across all 17 priority circles and plans to expand 5G services to more cities based on customer demand and 5G handset penetration.
Citi on Vodafone Idea:
Citi maintained a 'Buy' rating on the stock, with a target price of Rs 14 per share. This implies an upside potential of more than 47 percent for what the brokerage categorises as a "high-risk stock".
The international brokerage said that the Supreme Court's clarification on AGR dues could pave the way for the telecom company to complete its long-pending fundraise, CNBC-TV18 reported.
"Progress on the debt raise and clarity around the contours of the government's relief package will be key monitorables going ahead," Citi added.
UBS on Vodafone Idea:
UBS has a 'Neutral' rating on the stock, with a target price of Rs 9.7 per share. This implies an upside potential of more than 2 percent from the stock's previous closing price.
The international brokerage noted that it will look for commentary on ongoing capex and network deployment, progress on 5G service launches, planned debt raise, any updates on relief measures related to AGR and spectrum, and the overall outlook for the near to medium term, CNBC-TV18 reported.
Vodafone Idea share price history:
Vodafone Idea shares have gained more than 11 percent in the past one month, and over 37 percent in the past six months. The stock recently hit a 52-week high of Rs 10.57 apiece in late October.
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