Vodafone Idea Limited – Q1 FY26 Results Summary (Quarter ended 30 June 2025)
Announcement Date: 14 August 2025

  • Revenue: Consolidated revenue increased 4.9% YoY to Rs. 110.2 billion; QoQ stable (Rs. 110.1 billion).
  • EBITDA: Reported EBITDA rose 9.7% YoY to Rs. 46.1 billion, with margin improving 1.8 percentage points to 41.8%. Cash EBITDA (pre-Ind AS 116) was Rs. 21.8 billion, up 3.7% YoY.
  • Net Profit: Consolidated net loss widened slightly YoY to Rs. 66.1 billion; EPS at (Rs. 0.63) vs. (Rs. 1.02) in Q1 FY25.
  • Debt & Liquidity: Total debt approx. Rs. 2 trillion including deferred spectrum and AGR dues; near-term repayments of ~Rs. 207 billion due in FY26. Bank debt reduced to Rs. 19.3 billion; cash and bank balance stood at Rs. 68.3 billion.
  • Going Concern: Auditor’s report unqualified but highlights material uncertainty due to significant debt obligations and dependence on Department of Telecommunications (DoT) support on AGR matters. Management preparing results on going concern basis, contingent on successful fund raising and operational cash flows.
  • Capex & Network: Rs. 24.4 billion capex in Q1; 5G services launched in 22 cities across 13 circles, with plans to expand to all 17 circles by September 2025. 4G coverage increased to ~84%, with 36% data capacity growth and 24% speed improvement.
  • Subscriber Metrics: Total subscribers at 197.7 million; 4G/5G subscribers increased YoY to 127.4 million. Subscriber loss limited to 0.5 million in Q1, significantly lower than prior quarters. ARPU rose 15% YoY to Rs. 177.
  • Strategic Initiatives: Launch of Vi Finance platform offering personal loans, fixed deposits, and credit cards; partnership with Aditya Birla Capital. Collaboration with AST SpaceMobile to provide satellite-based broadband to remote areas.
  • Exceptional Items (Standalone): Rs. 762 million reversal of impairment on loan receivable; no exceptional items in consolidated results.
  • Segment: Operates in a single reportable segment – Mobility.

This summary reflects Vodafone Idea’s operational progress amid ongoing financial challenges and regulatory uncertainties.