Vodafone Idea Limited has announced its financial results for the quarter and year ended March 31, 2026. The company reports positive operational momentum, with a stabilized customer base and significant improvements across key performance indicators. A strategic AGR resolution has strengthened the balance sheet, while the Aditya Birla Group has committed an equity infusion of $500 million, underscoring strong promoter support as the company accelerates its 5G network expansion and growth strategy.
Financial Performance Overview
For the fourth quarter ended March 31, 2026, Vodafone Idea reported revenue of ₹11,332 crore, reflecting a consistent growth trajectory. EBITDA for the quarter stood at ₹4,889 crore, representing a 4.9% year-on-year growth. Annual revenue for FY26 reached ₹44,873 crore, a 3.0% increase over the previous year, while annual EBITDA rose to ₹19,003 crore compared to ₹18,127 crore in FY25.
Strategic Balance Sheet Strengthening
A critical milestone for the company was the resolution of Adjusted Gross Revenue (AGR) dues. Following a reassessment by the Department of Telecommunications, dues were finalized at ₹64,046 crore for the period FY07 to FY19. This resolution, combined with the recognition of the present value of future payments, resulted in a significant one-time accounting gain that has substantially strengthened the company’s financial position.
Operational Milestones and Growth
Operational metrics showed notable improvement, with the total customer base stabilizing at 192.8 million. Monthly subscriber additions turned positive starting in February 2026. Furthermore, Average Revenue Per User (ARPU) reached ₹190, an 8.3% year-on-year increase, marking the highest in the industry. The 4G/5G subscriber base expanded to 128.9 million, supported by the deployment of 17,300 new broadband towers during the fiscal year.
Future Outlook
The company continues to aggressively expand its 5G services, which are now live in over 80 cities across 17 priority circles that contribute approximately 99% of the company’s revenue. With the commitment of a $500 million equity infusion via fully convertible warrants from the Aditya Birla Group, the company is well-positioned to continue its network rollout and enhance customer experience, signaling a decisive shift toward sustained long-term growth.
Source: BSE
