Vodafone Idea net loss narrows to ₹5,524 crore in Q2, ARPU surges 9%; check key numbers

In the previous quarter, it had clocked a net loss of ₹6,608 crore, the company said in a regulatory filing.

The country's third-largest telecom service provider witnessed a 2.41% year-on-year (YoY) rise in its revenue from operations, which stood at ₹11,194.7 crore during the quarter under review.

In the September quarter of the 2024-25 fiscal year (Q2FY25), it had clocked a revenue of ₹10,932.2 crore. Sequentially, its revenue increased by 1.6% from ₹11,022 crore in the first quarter of FY26.

At an operational level, it's reported EBITDA (earnings before interest, tax, depreciation, and amortisation) advanced 2.97% YoY to ₹4,685.1 crore in Q2FY26, as against ₹4,549.8 crore in the corresponding period of the previous fiscal year.

It's reported EBITDA margin expanded to 41.9%, in contrast to 41.6% on a YoY basis.

The company's customer average revenue per use (ARPU), a key profitability metric for telcos, stood at ₹180 for the second quarter of FY26, marking an 8.7% YoY growth from ₹166 crore in the year-ago period, bolstered primarily by customer upgrades and tariff increases.

By the end of the reporting quarter, its total subscriber base stood at 196.7 million, with a 4G/5G subscriber base of 127.8 million, compared to 125.9 million in the September quarter of FY25.

As of September 30, 2025, Vodafone Idea’s debt from banks was at ₹15.3 billion, and the cash and bank balance stood at ₹30.8 billion.

“We welcome the Hon’ble Supreme Court’s judgement dated October 27, 2025 and November 3, 2025 whereby the Union of India is permitted to reconsider and take an appropriate decision with reference to the additional AGR (adjusted gross revenue) demand raised for the period up to the Financial Year 2016-2017 and comprehensively reassessing and reconciling all AGR dues, including interest and penalty, up to the said Financial Year. We are in discussion with the DoT for the next steps on this matter,” the company said in response to the recent Supreme Court judgement regarding AGR.

What the management said

Commenting on the earnings, Abhijit Kishore, CEO, Vodafone Idea Limited, said: “We continue to make steady progress towards our strategic intent of delivering superior customer experience. We expanded our 4G coverage to over 84% of the population and completed the 5G rollout in all 17 circles where we hold 5G spectrum."

"The growth of ~21% in data volume reflects our ability to retain and engage customers through our differentiated prepaid and postpaid offerings. We are focused on increasing our 4G coverage to 90% population and expanding our 5G footprint in the geographies with growing 5G handset adoption. We remain engaged with lenders to secure debt financing to support our broader capex plans of ₹500–550 billion,” Kishore added.

Shares of the firm closed 0.83% lower at ₹9.53 apiece on the National Stock Exchange (NSE) on Friday. However, the results were declared after the market closed.

Vodaone Idea has a total market capitalisation of ₹1.03 lakh crore, as of November 10, 2025, according to data on the NSE.