Vodafone Idea Q3 Performance: A Quick Snapshot
What happened? Vodafone Idea (Vi) has posted a significantly narrower net loss of ₹5,286 crore for the quarter ending December. This is a solid improvement compared to the ₹6,609 crore loss during the same period last year. Following this positive update, Vi shares rallied nearly 2%, trading at ₹10.01.
Financial Turnaround: Revenue Beats Estimates
The telecom operator didn’t just cut losses; it also boosted its income.
Key Financial Figures:
- Net Loss: ₹5,286 crore (Reduced from ₹6,609 crore YoY).
- Revenue: ₹11,323 crore (Up 2% YoY).
- Share Price: Jumped ~2% to ₹10.01 post-announcement.
Vi’s revenue slightly surpassed Bloomberg’s estimates, driven largely by aggressive network expansion and users consuming more data. This is good news for anyone relying on Vi for connectivity – the company is earning more by enhancing the grid you use every day.
ARPU and Subscriber Numbers: The Good & The Bad
While the financials look greener, the subscriber count shows a mixed picture.
Subscriber & ARPU Data:
- ARPU (Average Revenue Per User): Rose to ₹172 (up 3% from the previous quarter).
- 4G/5G User Base: Grew to 128.5 million (added roughly 700k users).
- Total Subscriber Base: Dropped by 3.8 million to 192.9 million.
Why the ARPU jump? The increase in Average Revenue Per User suggests that existing customers are upgrading their plans or consuming more data. Even though the total number of users dipped, the ones staying are spending more, which stabilizes the company’s cash flow. For travelers and heavy data users, this signals that Vi is focusing on quality (4G/5G) over just quantity.
CEO’s Take: An “Inflection Point”
Abhijit Kishore, CEO of Vodafone Idea, labeled this quarter a major turning point. The optimism stems from resolving old headaches, specifically the Adjusted Gross Revenue (AGR) issues with the government.
Strategic Wins:
- Legacy Issues: Positive resolution on AGR matters.
- Promoter Settlement: Settled receivables worth ₹6,394 crore with the Vodafone Group.
- Future Funding: The company is currently negotiating debt financing of ₹50,000–55,000 crore to fund massive capital expenditure plans.
Funding the Future: What’s Next for Vi?
To keep your signals strong and speeds high, Vi needs cash. Recently, the company raised ₹3,300 crore via secured non-convertible debentures (NCDs). This money is earmarked for paying off old dues and fueling new growth.
With talks of a massive ₹55,000 crore debt financing package on the horizon, Vi is gearing up to compete aggressively with rivals like Jio and Airtel, potentially speeding up 5G rollouts across India.
Did Vodafone Idea make a profit in Q3 2026?
No, Vodafone Idea did not report a profit. However, they significantly narrowed their net loss to ₹5,286 crore, compared to ₹6,609 crore in the same quarter last year.
What is the current ARPU of Vodafone Idea?
As of the December quarter, Vodafone Idea’s Average Revenue Per User (ARPU) stands at ₹172, reflecting a 3% increase from the previous quarter.
Why is Vodafone Idea’s share price rising?
The share price rose because the reported losses were lower than expected, revenue beat estimates, and the company showed positive signs of resolving legacy government dues (AGR).
Is Vi losing customers?
Yes, the overall subscriber base fell by 3.8 million. However, the number of premium 4G/5G subscribers actually increased, indicating a shift toward higher-paying users.
What are Vodafone Idea’s future plans?
The company is in talks to secure up to ₹55,000 crore in debt financing. This capital will be used to expand their network coverage and improve 4G/5G services across India.