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Earnings Call

Vodafone Idea Earnings Call: Key Takeaways

Vodafone Idea reports Q4FY26 revenue of ₹11,332 Cr with a major AGR reassessment reducing liabilities from ₹87,695 Cr to ₹64,046 Cr.

Why this was an Alfa AlertManagement guided a reduction in AGR dues; achieved a definitive settlement reducing liability by ~₹23,649 Cr (27% beat on liability reduction).
Highlights
Revenue growth3% YoY for FY26; 2.9% for Q4FY26.
MarginsEBITDA margin improved 80bps to 43.1%.
Demand visibilityStrong 4G/5G subscriber mix at 66.9%.
Management confidenceHigh following promoter equity infusion and AGR resolution.

Growth

FY26 revenue grew 3% to ₹44,873 Cr; Q4 ARPU rose 8.3% YoY to ₹190.

Outlook

Targets 3x EBITDA and ₹45,000 Cr capex over 3 years; launching 5G in 80+ cities.

Risks

Higher churn rate vs industry (4%); spectrum payout obligations starting FY28.

Source

Earnings Call filed with BSE, NSE: IDEA. Summary written with AI assistance from the document.

Read the document ↗

Vodafone Idea Ltd: key numbers

Share price
₹13.18
Market cap
₹1,42,796 Cr
Revenue (annual)
₹44,873 Cr
Net profit (annual)
₹34,552 Cr
P/E (TTM)
3.8×Sector 34.0×
Promoter holding
25.64%+0.00% QoQ
FII holding
6.17%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Vodafone Idea Management Change

Vodafone Idea appointed Ms. Gopika Pant as Independent Woman Director for five years w.e.f. 17 September 2026. The appointment is subject to shareholder approval via postal ballot.

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Vodafone Idea Legal & Regulatory

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₹0.02 Cr
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Vodafone Idea Business Update

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13:18 IST BSE
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Vodafone Idea Other Announcement

CRISIL ESG Ratings has independently assigned an ESG rating of 60 to Vodafone Idea Limited for FY 2026. The rating was based on publicly available information.