Vodafone Idea Q1FY26: Loss ₹6,608cr, ARPU ₹177

The key development

Vodafone Idea (Vi) reported its Q1 FY26 performance with a wider consolidated loss after tax of ₹6,608.10 crore for the quarter ended June 2025. The loss was higher than ₹6,432.10 crore reported in the same quarter last year (Q1 FY25), based on the figures shared in the quarterly table. At the same time, the company showed improvement in operating momentum through revenue growth and higher average revenue per user (ARPU). For investors tracking India’s telecom sector, the quarter again highlighted the contrast between improving unit economics and continued heavy profitability pressure.

What Bloomberg consensus expected

Ahead of the result, Bloomberg consensus estimates (as cited) indicated Vodafone Idea was expected to report a net loss of ₹5,391 crore. Revenue for the quarter was pegged at ₹11,502 crore in those estimates. These figures reflect market expectations rather than reported numbers, and they sit alongside the company’s published quarterly financial table for the June-ended period.

Reported Q1FY26 revenue and bottom line

In the quarterly disclosure snapshot, Total Revenue for the June quarter was listed at ₹11,022.50 crore, compared with ₹10,508.30 crore in the year-ago quarter. That implies a 4.89% year-on-year increase in revenue, as shown in the table’s YoY comparison column. The same table reports Net Income at -₹6,608.10 crore for the quarter, against -₹6,432.10 crore a year earlier.

Separately, the text also describes the quarter as showing “strong revenue and EBITDAaL growth” in narrative form, but the concrete quarter-level profitability number remains a loss. The data provided does not include a quarterly “forecast” dataset beyond the Bloomberg estimate noted above.

ARPU rises to ₹177

A key operating metric for telecom operators, ARPU, was reported at ₹177 for Q1 FY26. The article notes this was a 15% increase from ₹154 in Q1 FY25. The ARPU improvement was also linked in the text to higher data usage and customer monetisation trends. While ARPU growth is supportive for revenue quality, it did not offset the cost structure and non-cash charges that continue to weigh on net results.

Costs and profitability snapshot from the quarterly table

The quarterly table provides a closer look at expense lines and below-the-line pressure. For the June quarter, Total Operating Expense was ₹11,882.50 crore, and Depreciation/Amortization was ₹5,472.10 crore. Selling/General/Admin Expenses were listed at ₹543.50 crore, while Other Operating Expenses Total stood at ₹268.80 crore.

The table also lists Operating Income at -₹860.00 crore (as displayed), and Net Income Before Taxes at -₹6,611.10 crore. Diluted Normalized EPS for the quarter was reported at -0.63 (per share value), compared with -1.02 in the year-ago quarter.

Capex and balance sheet datapoints (converted to ₹ crore)

The article also includes figures expressed in ₹ billions, which are converted here to a single base unit of ₹ crore for consistency. It states capex for the quarter stood at ₹24.4 billion, which equals ₹2,440 crore. This aligns with the separate line stating capital expenditure was ₹2,440 crore.

It also notes that as of June 30, 2025, debt from banks was ₹19.3 billion (₹1,930 crore), and cash and bank balance stood at ₹68.3 billion (₹6,830 crore). These datapoints help frame liquidity and funding context, although the article does not provide a full net debt bridge.

FY26 turnaround: exceptional AGR-driven profit

For FY26 (year ended March 31, 2026), Vodafone Idea reported a sharp swing in profitability due to exceptional items linked to AGR. The article states the company reported standalone PAT of ₹34,482 crore in FY26 after accounting for a one-time gain arising from the AGR reassessment. It also states total income for the year stood at ₹44,949 crore, compared with ₹44,183 crore in FY25 and ₹42,383 crore in FY24.

On a consolidated basis, it reports FY26 revenue from operations of ₹44,873 crore and Cash EBITDA of ₹9,217 crore, as per the investor presentation referenced. It also reports consolidated PAT of ₹34,552 crore for FY26, versus a loss of ₹27,384 crore in FY25, driven primarily by exceptional items of ₹58,607 crore following the resolution of AGR dues.

Q4FY26 reference: revenue and EBITDA

The article provides Q4 FY26 context to show recent operating trajectory. For the quarter ended March 31, 2026, consolidated revenue from operations was ₹11,332 crore, up 2.9% YoY. EBITDA was reported at ₹4,889 crore, up 4.9% YoY, with an EBITDA margin of 43.1% (vs 42.3% in Q4FY25).

The text also states revenue for that quarter was ₹110.2 billion, which converts to ₹11,020 crore. It lists EBITDA as ₹46.1 billion (₹4,610 crore) and cash EBITDA excluding Ind AS 116 impact as ₹21.8 billion (₹2,180 crore). These figures are presented alongside the rupee-crore table disclosures and reflect the same quarter’s scale.

What to watch next: board meeting, call, and AGM

Vodafone Idea has informed exchanges that its board will meet on 10 August 2026 to approve Q1 FY27 unaudited standalone and consolidated results. It has also scheduled a Q1FY27 results conference call on 11 August 2026 at 2:30 p.m. IST.

In parallel, the company said its 31st Annual General Meeting is scheduled for Thursday, 27 August 2026 at 4:30 p.m. IST via video conferencing, and it enclosed the AGM notice under the relevant SEBI LODR regulation cited in the filing.

Market impact and why the numbers matter

The quarter’s reported pattern is clear in the data shared: revenue growth and ARPU improvement, but continued losses and high depreciation/amortisation. For investors, ARPU (₹177) and revenue (₹11,022.50 crore) help gauge near-term operating momentum, while the net loss (₹6,608.10 crore) and expense profile show the scale of profitability challenge.

FY26’s reported profit figures are important context but are explicitly tied to exceptional items and a one-time AGR reassessment impact, as stated. That makes quarter-to-quarter comparisons sensitive to what is recurring versus one-off. The upcoming Q1FY27 result and call dates provide the next checkpoint for updated numbers.

Key figures at a glance

Conclusion

Vodafone Idea’s Q1 FY26 data shows higher revenue and a stronger ARPU, but the net loss remained large at ₹6,608.10 crore. FY26 profitability numbers, as stated, were significantly influenced by exceptional AGR-related items. The next set of disclosures is scheduled around the board meeting on 10 August 2026 and the conference call on 11 August 2026, followed by the AGM on 27 August 2026.