Vodafone Idea Q1FY27: Revenue Rs 11,689 Cr, EBITDA Rs 5,034 Cr, First Subscriber Gain Post-Merger
Vodafone Idea reported Q1FY27 results with revenue at Rs 11,689 crore and EBITDA at Rs 5,034 crore, up 6.0% and 9.1% YoY respectively. The company achieved its first subscriber addition post-merger, reaching 193.1 million. ARPU increased to Rs 195, the highest in the industry. Capex orders worth Rs 9,000 crore were placed for network expansion.
The results show significant operational improvements, including subscriber growth and ARPU increase, alongside substantial capex plans and positive credit ratings, which are material developments for the company and its investors.
The company reported positive year-on-year growth in revenue and EBITDA, achieved its first subscriber addition since the merger, and saw an increase in ARPU. The company also placed significant capex orders and secured credit ratings, indicating positive business momentum.
Vodafone Idea Limited (IDEA) announced its financial results for the first quarter ended June 30, 2026. The company reported revenue from operations of Rs 11,689 crore, marking a 6.0% year-on-year growth. EBITDA for the quarter stood at Rs 5,034 crore, an increase of 9.1% year-on-year.
The company achieved its first quarter of positive net subscriber addition since the merger, with its customer base growing to 193.1 million from 192.8 million in the previous quarter. Average Revenue Per User (ARPU) increased to Rs 195, a 10.2% year-on-year growth, making it the highest in the industry. The 4G/5G subscriber base reached 130.1 million.
Vodafone Idea's 5G service is now available in over 200 cities, and its 4G population coverage stands at 87%. The company has placed fresh orders worth Rs 9,000 crore for network expansion with partners like Ericsson, Nokia, and Samsung, as part of its broader capex guidance of Rs 45,000 crore over three years. The company also highlighted a strategic partnership with Spotify and received credit ratings of 'A-' from CRISIL and ICRA.
The company's net loss after tax for the quarter was Rs 3,754 crore, compared to a profit after tax of Rs 51,970 crore in the previous quarter and a loss of Rs 6,608 crore in the corresponding quarter of the previous year. The net worth of the group stands at a negative Rs 38,327 crore as of June 30, 2026. The company is in discussions with banks to raise additional funds and is confident in generating sufficient cash flow to meet its obligations, including spectrum and AGR dues over the next 12 months, preparing these results on a going concern basis.
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