Vodafone Idea Board Approves Financial Results, AGR Dues Frozen

Vodafone Idea’s board has approved the unaudited financial results for the quarter and nine months ended December 31, 2025. Key highlights include revenue of ₹11,323 Cr for the quarter and confirmation that the company’s AGR dues are frozen at ₹87,695 crore, subject to reassessment. The results reflect ongoing efforts to improve operational performance and address legacy issues.

Financial Performance Overview

Vodafone Idea (Vi) has announced its unaudited consolidated financial results, showing a revenue of ₹11,323 Cr for the quarter ended December 31, 2025, representing a 1.9% year-over-year growth. The company’s Cash EBITDA for the quarter was ₹2,358 Cr. The results reflect ongoing efforts to improve operational efficiency and drive revenue growth.

For the nine months ended December 31, 2025, the company reported a total loss of ₹17,418 Cr.

Key Financial Metrics

Key performance indicators for Q3FY26 include:

  • Customer ARPU (ex M2M): ₹186, a 7.3% year-over-year increase.
  • 4G/5G Subscriber Base: 128.5 million.

AGR Dues Update

A significant development is the confirmation from the DoT that Vodafone Idea’s AGR dues are frozen as of December 31, 2025, amounting to ₹87,695 crore. This amount is subject to reassessment, which the company has agreed to. A payment plan is in place, involving annual payments over the next several years, providing long-term clarity on this issue.

Operational Highlights

Vi has expanded its 5G service to 17 circles. 4G coverage has been expanded to cover 85.5% of the population. The company added over 6,500 new 4G towers in the quarter.

Other Key Developments

The company successfully raised ₹3,300 Cr via NCDs, with the proceeds to be used for capital expenditure. A settlement of CLAM receivable of ₹6,394 Crore with the Vodafone Group was concluded.

Source: BSE

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