Vodafone Idea slips as Q2 net loss widens to Rs 5,975 crore
However, the company's loss adjusted for exceptional items narrowed marginally to Rs 5,513 crore from Rs 5,562 crore a year earlier.
Revenue from operations increased 6.2% year on year to Rs 11,884 crore from Rs 11,195 crore. Sequentially, revenue grew 1.7% from Rs 11,689 crore in Q1 FY27.
EBITDA rose 6.3% year on year to Rs 4,981 crore from Rs 4,685 crore. However, the EBITDA margin remained unchanged at 41.9% from the year-ago quarter and declined from 43.1% in Q1 FY27. Cash EBITDA increased 11.2% year on year to Rs 2,498 crore.
The company reported a loss before tax of Rs 5,961 crore, compared with Rs 5,527 crore in Q2 FY26. An exceptional loss of Rs 462 crore, arising from the adverse mark-to-market impact on treasury assets, contributed to the higher reported loss.
Depreciation and amortisation expenses increased to Rs 5,505 crore from Rs 5,568 crore in the year-ago quarter, while net finance costs rose to Rs 4,975 crore from Rs 4,683 crore. Capital expenditure stood at Rs 3,946 crore during the quarter.
On the operational front, Vodafone Idea's total subscriber base stood at 194.4 million at the end of September 2026, compared with 193.1 million in the previous quarter. Its 4G/5G subscriber base increased to 131 million from 127.8 million a year earlier.
Blended average revenue per user (ARPU) rose to Rs 178 from Rs 167 in Q2 FY26. Customer ARPU, excluding M2M connections, increased 9.7% year on year to Rs 198 from Rs 180. Daily data usage grew 27.1% to 93.6 petabytes from 73.6 petabytes.
The company expanded its 5G coverage to 400 cities and towns across 17 key circles. Its 4G population coverage increased to 87.8% from 84.4% a year earlier. It added nearly 9,000 unique broadband towers during Q2 FY27, taking the total to 213,616.
Vodafone Idea reported a bank debt of Rs 943 crore and cash and bank balances of Rs 5,470 crore as of 30 September 2026. It secured total funding of more than Rs 10,500 crore up to H1 FY27, including over Rs 4,000 crore in incremental bank funding arranged during Q2 FY27.
The company also said it had placed capital expenditure orders worth more than Rs 13,200 crore towards its three-year investment plan.
Vodafone Idea is a joint venture between the Aditya Birla Group and Vodafone Group, formed following the merger of Vodafone India and Idea Cellular on 31 August 2018. The company provides 2G, 4G and 5G voice and data services across 22 telecom circles in India, serving retail and enterprise customers through its digital platforms and nationwide network infrastructure.
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