The company’s net loss on a sequential basis widened to ₹7,166 crore from a loss of ₹6,609 crore that it had reported during the December quarter.
Revenue for the quarter also fell 0.9% from the previous period. In comparison, Bharti Airtel’s India mobile revenue went up by 1.3%, while Reliance Jio’s topline grew by 2.4% during the same period.
Vodafone Idea lost 1.6 million subscribers during the March quarter, taking the full year loss to 14.4 million subscribers. Its Average Revenue Per User (ARPU) saw a marginal uptick to ₹164 from ₹163 earlier, but the figure was lower than its peers like Jio (₹206) and Bharti Airtel (₹245).
Despite raising over ₹61,400 crore in financial year 2025 through an FPO, promoter fund infusion, preferential issue of shares, and converting spectrum dues worth nearly ₹37,000 crore into equity, Vodafone Idea still has significant outstanding liabilities.
As of date, its current debt stands at ₹1.94 lakh crore including deferred spectrum and AGR dues. Excluding interest, bank debt worth ₹1,600 crore is also due, while AGR dues worth ₹16,428 crore are due this financial year.
The company had recently warned that it may not be able to continue beyond the current financial year if more support from the government is not forthcoming. The government, after the recent conversion of dues into equity, has a 49% stake in Vodafone Idea.
The telecom service provider also has close to 60 lakh small shareholders, or those with an authorised share capital of up to ₹2 lakh.
Shares of Vodafone Idea had ended near the day’s low on Friday ahead of the results announcement, declining 3.2% to ₹6.91. The stock is down nearly 40% from its FPO price of ₹11 and more than 65% from its 2024-peak of ₹19.18.
