Summary:
Vodafone Idea (Vi) reported a stronger Q1 FY27 performance, with revenue rising 6% year-on-year to Rs 116.89 billion and EBITDA increasing to Rs 50.34 billion, while its loss narrowed to Rs 37.54 billion. The company’s customer base grew to 193.1 million, marking its first quarter of positive net subscriber additions since the merger, while ARPU rose 10.2% to Rs 195. Vi’s 5G services are now available in more than 200 cities, with Rs 90 billion in capex orders placed as the company focuses on network expansion, execution and AI-led transformation.
Vodafone Idea Limited (Vi) has announced its financial results for the quarter ended June 30, 2026. The company reported revenue from operations of Rs 116.89 billion in Q1 FY27, up from Rs 110.23 billion in Q1 FY26, representing a 6 per cent year-on-year (YoY) increase. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose to Rs 50.34 billion from Rs 46.12 billion a year earlier, while the EBITDA margin improved to 43.1 per cent from 41.8 per cent.
Vi’s reported loss after tax also declined significantly to Rs 37.54 billion from Rs 66.08 billion in Q1 FY26. The company’s customer base increased to 193.1 million from 192.8 million in Q4 FY26, marking its first quarter of positive net subscriber additions since the merger. Average revenue per user (ARPU) climbed to Rs 195 from Rs 177 in Q1 FY26, representing a 10.2 per cent YoY increase.
Commenting on the results, Vi’s chief executive officer said that FY27 would be focused on execution and that the strong Q1 performance validates the company’s strategy and disciplined approach. The CEO highlighted 6 per cent YoY revenue growth, quarterly EBITDA exceeding Rs 50 billion with 9.1 per cent YoY growth, and the company’s first post-merger quarter of subscriber additions. Vi’s 5G services are now available in more than 200 cities.
The CEO further said that execution on the ground remains strong, with capex orders worth Rs 90 billion already placed. Ongoing discussions with lenders have also strengthened the company’s confidence in reaching a successful conclusion to its debt discussions. With key business indicators showing improvement, Vi will continue to focus on execution and AI-driven transformation across the organisation.
