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Is Vodafone slowly improving its financial health?

in Data Story
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Vodafone partners with ORCA Computing to model future networks in minutes using quantum technology
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Athira Sethu

Kochi, 11 Nov 2025

Vodafone Idea has announced its financial results for Q2 of FY26, showcasing the telecom player rapidly reducing losses. The company has posted a net loss of ₹5,524.2 crore in comparison with the ₹7,175.9 crore loss for the corresponding quarter in the previous year. This positive change came for a small increase in revenues by 2.4 per cent, driven by higher ARPU and growth in mobile broadband customers. Vi is also fast building up its 4G and 5G networks to improve the services and attract more customers. However, the company is yet to overcome challenges related to AGR dues and competitiveness in the market.

Vodafone Idea Q2 FY26 Financial Results Overview

MetricQ2 FY26Q2 FY25Q1 FY26YoY ChangeQoQ Change
Revenue from Operations₹11,194.7 cr₹10,932.2 cr₹11,035.3 cr+2.4%+1.5%
Net Loss₹5,524.2 cr₹7,175.9 cr₹6,611.1 cr-23.0%-16.4%
ARPU (Average Revenue Per User)₹180₹166₹169+8.7%+6.5%
Subscriber Base196.7 million196.7 million196.7 millionNo ChangeNo Change
4G/5G Subscribers127.8 million125.9 million126.4 million+1.5%+1.1%
EBITDA (Pre-Ind AS 116)₹2,245.9 cr₹2,323.9 cr₹2,220.0 cr-3.4%+1.2%
Cash EBITDA₹4,685.1 cr₹4,549.8 cr₹4,510.0 cr+2.9%+3.9%

Key Updates

UpdateDetails
ARPU IncreaseARPU increased by 8.7% to ₹180, thanks to tariff hikes and customer upgrades.
Network Expansion4G coverage grew to 84%, and the company added new 4G towers and increased data capacity.
5G RolloutVi expanded its 5G services to 29 cities, with more cities planned in the future.
DebtThe company reduced its bank debt to ₹15.3 billion and had a cash balance of ₹30.8 billion.
AGR DuesVodafone Idea is in talks with the Department of Telecommunications (DoT) regarding additional AGR dues, following recent Supreme Court rulings.

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