Vodafone Idea Limited, rebranded as Vi, is a leading mobile network operator. The company operates as an integrated GSM provider. It offers a range of services, including 2G, 4G, LTE Advanced, VoLTE, 5G and VoWiFi.
It has a subscriber base of 21.98 crore as of September 30, 2023. Vi is the third-largest mobile telecommunications network operator in India and the eleventh-largest globally. The merger of Vodafone India and Idea Cellular in 2018 led to the formation of Vodafone Idea Limited, which subsequently rebranded as Vi in 2020.
Vodafone Group and Aditya Birla Group are two promoters of Vodafone Idea Limited. They collectively own a 50.4% stake in the company, followed by the government of India’s stake of 33.1%.
The market capitalisation of Vodafone Idea stood at nearly ₹67,900 crore as of December 14, 2023. Vodafone Idea share price has surged over 38% in the last three years.
Vodafone Idea business operations
The Vodafone Group operates mobile services across 22 countries and has collaborations with mobile networks in an additional 42 countries. It also runs fixed broadband operations in 17 markets. On the other hand, the Aditya Birla Group is a major Indian multinational company. It has a workforce of over 1,20,000 employees from 42 different nationalities. The company draws more than 50% of its revenue from international operations spread across 36 countries.
Vodafone Idea Ltd. delivers voice services across all 22 service areas. It caters to more than 120 crore people in over 4,87,000 towns and villages. It also provides 4G VoLTE services throughout these areas. In the broadband services vertical, Vodafone Idea provides 3G and/or 4G broadband across all 22 service areas in India. The company's broadband coverage extends to over 3,41,600 towns and villages.
Vodafone Idea has a total spectrum reserve of 8,005.2 MHz. Among these, 7,975.2 MHz is liberalised and adaptable for deployment across diverse technologies. This spectrum includes the mid-band 5G spectrum (3300 MHz band) in 17 priority circles and the mmWave 5G spectrum (26 GHz band) in 16 circles.
The company's network includes extensive infrastructure comprising 2G, 3G and 4G equipment, alongside a nationwide optical fibre cable (OFC) network. The 4G network of Vodafone Idea Ltd. covers a population of over 1 billion Indians.
Vodafone Idea Limited caters to individuals and business enterprises under its digital services segment. The company delivers content through its Vi Movies & TV app. It has collaborations with various OTT apps. The Vi app offers over 400 Live TV channels in HD and SD formats. It has a collection of over 10,000 movies, TV shows and short-format videos in over 16 Indian languages. The company has partnered with leading content providers like Amazon Prime and Hotstar to offer bundled products.
Vodafone Idea Financial Highlights
- Revenue: Vodafone Idea reported revenue of ₹45,414.00 crore in FY26 vs ₹44,592.00 crore in FY25. It showed an increase of 1.84% on a yearly basis.
- Operating Profit: Vodafone Idea reported an operating profit of ₹34,548.00 crore in FY26 vs ₹27,368.00 crore in FY25. It showed an increase of 226.24% on a year-on-year basis.
- Net Profit: Vodafone Idea reported a net profit of ₹34,552.00 crore in FY26 vs ₹27,383.40 crore in FY25. It showed an increase of 226.18% on a yearly basis.
Vodafone Idea Quarterly Result Highlights
- Vodafone Idea reported revenue of ₹11,436.00 crore in Mar 2026, compared with ₹11,516.00 crore in Dec 2025, representing a decrease of 0.69% on a quarter-on-quarter (QoQ) basis.
- Vodafone Idea reported an operating profit of ₹51,976.00 crore in Mar 2026, compared with ₹5,290.00 crore in Dec 2025, representing an increase of 1,082.53% on a quarter-on-quarter (QoQ) basis.
- Vodafone Idea reported a profit of ₹51,970.00 crore in Mar 2026, compared with ₹5,286.00 crore in Dec 2025, reflecting an increase of 1,083.16% on a QoQ basis.
- The earnings per share (EPS) of Vodafone Idea stood at ₹4.01 during Mar 2026.
