Vodafone Idea reported a narrower consolidated net loss of ₹5,286 crore in Q3FY26, supported by higher ARPU, improved margins, and cost efficiencies. Revenue rose to ₹11,323 crore, while EBITDA grew 2.8% QoQ. The results, better than market expectations, lifted investor sentiment, driving the company’s shares higher in Wednesday’s trade.
Vodafone Idea Q3FY26 Results: Operational Recovery in Motion
Vodafone Idea Ltd (Vi) delivered a stronger-than-expected performance in the December quarter of FY26, signaling gradual operational recovery amid ongoing challenges. The telecom operator’s improved financial metrics reflect tighter cost controls, rising ARPU, and stabilization in revenue streams.
Key Highlights
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Net Loss: Narrowed to ₹5,286 crore, down from ₹6,609 crore YoY and ₹5,524 crore in Q2FY26.
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Revenue: Rose to ₹11,323 crore, marking a 2% YoY increase and 1.1% sequential growth.
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EBITDA: Improved to ₹4,817 crore, up 2.8% QoQ; EBITDA margin expanded to 42.5%.
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ARPU Growth: Average revenue per user climbed to ₹186, reflecting better customer mix and 4G adoption.
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AGR Relief: Positive resolution of legacy adjusted gross revenue (AGR) issues boosted confidence in long-term viability.
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Market Reaction: Shares of Vodafone Idea traded higher post-results, reflecting investor optimism.
With debt pressures still looming, Vi’s focus on ARPU expansion, 4G/5G rollout, and cost efficiency remains crucial for sustaining momentum.
Sources: Business Standard, Economic Times, Goodreturns, Zee Business