Vodafone Idea Q2 Loss Widens About 8% to Rs 5,975 Crore

Vodafone Idea reported a consolidated net loss of Rs 5,975 crore for the July to September 2026 quarter (Q2 FY27), wider than the Rs 5,524 crore loss in the same quarter last year, a rise of about 8.2% year on year. Compared with the Rs 3,754 crore loss in the April to June quarter, the loss widened by about 59.2% quarter on quarter. The board approved the results on 12 November 2026.

Revenue from operations rose 6.2% year on year to Rs 11,884 crore from Rs 11,195 crore, and 1.7% quarter on quarter from Rs 11,689 crore. The company said the reported loss was higher because of the "adverse impact of mark-to-market of treasury assets". It booked an exceptional loss of Rs 462 crore in the quarter. Adjusted for exceptional items, the loss was Rs 5,513 crore, compared with Rs 5,562 crore a year earlier.

Vodafone Idea Q2 FY27 at a glance

Vodafone Idea earned more per user but has fewer users than a year ago

Vodafone Idea, which sells mobile services under the Vi brand, reported customer ARPU of Rs 198 in the quarter, up from Rs 180 a year earlier and Rs 195 in the June quarter. The company said the rise in average revenue per user (ARPU) was "primarily supported by customer upgrades". Its 4G/5G subscribers rose to 131.0 million from 127.8 million a year earlier.

The total subscriber base grew by 1.3 million from the June quarter to 194.4 million, but it was still below the 196.7 million it had a year earlier. Postpaid subscribers rose to 33.9 million from 31.9 million in the June quarter. Data usage rose to 93.6 petabytes a day from 73.6 petabytes a day a year earlier.

Abhijit Kishore on execution and subscriber additions

"Our focus continues to remain firmly on execution."

"We are encouraged by the continued improvement in our net subscriber additions, supported by our network expansion and enhanced customer experience."

What Vodafone Idea said about its network spending and funding

Vodafone Idea said capex in the quarter was Rs 3,946 crore, more than double the previous quarter. The company said it has placed capex orders of over Rs 13,200 crore, of which nearly Rs 6,000 crore has been executed. It said it has expanded 5G coverage to 400 cities and towns across the 17 circles where it holds 5G spectrum, and that its unique broadband towers now number nearly 214,000.

The company said it has secured total funding of over Rs 10,500 crore up to the first half of FY27, of which over Rs 4,000 crore of additional bank funding was arranged in the September quarter.

Where Vodafone Idea stands after Q2 FY27

Vodafone Idea ended the September quarter with a net loss of Rs 5,975 crore on revenue of Rs 11,884 crore, while customer ARPU rose to Rs 198. Its subscriber base stood at 194.4 million, up from the June quarter but below the year-ago level. The company said it has placed capex orders of over Rs 13,200 crore and secured over Rs 10,500 crore in funding up to the first half of FY27.

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