Vodafone Idea (Vi) reported a 1.9% YoY revenue increase to ₹11,323 Cr in Q3FY26. The company expanded its 5G services to 43 cities and continues to invest in 4G network upgrades, achieving 85.5% population coverage. Customer ARPU increased to ₹186. The company raised ₹3,300 Cr via NCDs and cash and bank balance stood at ₹6,963 Cr.
Financial Performance
In Q3FY26, Vodafone Idea reported a revenue of ₹11,323 Cr, reflecting a 1.9% YoY growth. EBITDA stood at ₹4,816 Cr. The Customer ARPU increased to ₹186 in Q3FY26, a 7.3% increase compared to Q3FY25’s ₹173, driven by customer upgrades.
Operational Highlights
Vi has expanded its 5G services to 43 cities across all 17 priority circles. The company’s 4G population coverage increased to 85.5% as of December 2025. Over 6,500 new unique 4G towers were added during the quarter, enhancing network capacity and customer experience. Total broadband site count stood at over 548,000 as of December 2025. 4G data capacity expanded by over 43%, improving 4G speeds by 22%.
Debt and Funding
As of December 31, 2025, debt from banks was ₹1,126 Cr. The company raised ₹3,300 Cr through NCDs. Cash and bank balance stood at ₹6,963 Cr.
Key Developments
Vodafone Group is supporting closure of CLAM receivable of ₹6,394 Cr. The AGR liability is frozen as of December 31, 2025, at ₹87,695 Cr and is subject to reassessment. Vi launched India’s first recharge-linked handset theft & loss insurance plan. A partnership with Niyo Forex was established to offer forex and international payment benefits.
Subscriber Base
The total subscriber base stood at 192.9 million. 4G/5G subscribers reached 128.5 million, up from 126.0 million in the same period last year.
Source: BSE
