Vodafone Idea Q3 results: Loss shrinks to ₹6,609 crore, revenue rises over 4%

The teleco’s revenue from operations stood at ₹11,117.3 crore in the quarter under review, jumping 4.16% year-on-year (YoY) from ₹10,673.1 crore in the December quarter of the 2023-24 fiscal year (Q3 FY24).

At the operational level, the company’s EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) jumped 3.6% quarter-on-quarter to ₹4,712.4 crore in Q3 FY25, compared to ₹4,549.8 crore in Q2 FY25. Its margin expanded to 42.4% in the period under review versus 42.4% in the second quarter of FY25.

During the quarter, the company expanded its footprint to more than 4,000 unique broadband towers, the largest addition in a quarter since the merger. It has also deployed 4G on sub GHz 900 band across about 15,000 sites.

“We are driving investments and the velocity of capex deployment is set to accelerate in the coming quarters. Concurrently, the phased rollout of 5G services is underway, targeting key geographies. We are pleased to report highest quarterly cash EBITDA since merger of ₹24.5 billion, registering a YoY growth of ~15%. With our intensifying investments, we anticipate further improvement in both operational and financial performance. With the recent equity infusion of ₹19.1 billion from one of our promoters, we have now secured approximately ₹260 billion in fresh equity capital over the past 10 months,” Akshaya Moondra, CEO of Vodafone Idea Limited commented.

“In parallel, we continue to engage with lenders for debt financing, aligning with our planned network expansion investment of ₹500–550 billion over a three-year period. The government’s decision on the bank guarantee waiver underscores its ongoing support for the telecom sector—a critical pillar of Digital India’s future,” Moondra added.

VI shares closed in the red at ₹8.82, down 3.18% on Tuesday. However, the company announced its results after market hours.

Vodafone India has a total market capitalisation of ₹62,968.66 crore as of February 11, 2025, on the NSE.