Vodafone Idea Q4FY26: Revenue ₹11,332 Cr, EBITDA ₹4,889 Cr, PAT ₹51,970 Cr
Vodafone Idea reported Q4FY26 revenue of ₹11,332 Cr and EBITDA of ₹4,889 Cr, with a PAT of ₹51,970 Cr due to AGR reassessment. Debt reduced to ₹726 Cr. ARPU rose to ₹190, and 4G coverage reached 86.3%. AGR dues were finalized at ₹64,046 Cr.
The announcement includes significant financial results, a substantial improvement in the company's balance sheet due to debt reduction and AGR dues reassessment, and positive operational developments like network expansion and ARPU growth. These factors have a material impact on the company's financial health and future prospects.
The company reported improved financial metrics like revenue and EBITDA growth, a significant reduction in debt, and positive ARPU growth. The upgrade in credit rating and expansion of 5G services are also positive indicators. The substantial PAT is driven by a one-time exceptional item related to AGR dues reassessment, which resolves a long-standing liability.
Vodafone Idea Limited (IDEA) announced its quarterly report for the fourth quarter and financial year ended March 31, 2026. The company reported revenue from operations of ₹11,332 crore for Q4FY26, a year-on-year growth of 2.9% and a sequential growth of 2.3%. EBITDA for the quarter stood at ₹4,889 crore, marking a 4.9% year-on-year increase.
For the full financial year 2026, revenue grew by 3.0% to ₹44,873 crore from ₹43,571 crore in FY25. EBITDA for FY26 increased by 4.8% to ₹19,003 crore from ₹18,127 crore in FY25.
The company reported a Profit After Tax (PAT) of ₹51,970 crore for Q4FY26, a significant turnaround from a loss of ₹5,286 crore in Q4FY25. This was largely due to an exceptional item of ₹57,491 crore related to the reassessment of AGR dues.
Vodafone Idea's debt from banks reduced to ₹726 crore as of March 31, 2026, from ₹2,326 crore in the previous year. The company also raised ₹3,300 crore via NCD in December 2025. Cash and bank balances stood at ₹3,715 crore.
ICRA upgraded Vodafone Idea's credit rating and outlook to [ICRA] BBB (Positive) in March 2026. The company expanded its 5G services to over 80 cities across all 17 priority circles. 4G population coverage increased to 86.3% as of March 2026, with plans to reach over 95% in the 17 circles. Customer ARPU increased by 8.3% year-on-year to ₹190 in Q4FY26. The total subscriber base was 192.8 million, with 128.9 million 4G/5G subscribers.
Regarding AGR dues, the Department of Telecommunications (DoT) finalized the dues at ₹64,046 crore. The payment structure includes ₹100 crore annually over four years (March 2032-March 2035) and ₹10,608 crore annually over six years (March 2036-March 2041). Spectrum Usage Charges (SUC) of ₹609 crore are also to be paid in six annual installments. This reassessment led to a derecognition of a financial liability of ₹80,502 crore and recognition of a revised liability of ₹24,880 crore, with a credit of ₹55,622 crore to the statement of Profit & Loss under exceptional items.
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Vodafone Idea Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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