Vodafone Idea Limited (Vi), one of India's leading telecom operators, has reported its financial results for the quarter ended September 2025, showing signs of improvement amid ongoing challenges. The company's efforts to expand its network coverage and introduce new services have resulted in revenue growth and a reduced net loss.

Financial Performance

Vi reported a consolidated revenue of ₹11,194.00 crore for the quarter, marking a 1.6% quarter-on-quarter growth. The company's net loss narrowed to ₹5,524.00 crore, a significant improvement from ₹6,608.00 crore in the previous quarter. This reduction in losses, the lowest in 19 quarters, comes as a positive sign for the telecom operator.

The company's EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortization) rose to ₹4,684.50 crore, up 1.6% quarter-on-quarter. The EBITDA margin also saw a slight expansion, reaching 41.9%.

Key Performance Indicators

Vi's operational metrics showed mixed results:

• Average Revenue Per User (ARPU) increased to ₹180.00, up from ₹166.00 a year earlier, representing an 8.4% year-on-year growth.
• The total subscriber base stood at 196.7 million, with 65% being 4G/5G users.
• Capital expenditure for the quarter was ₹1,750.00 crore.

Network Expansion and 5G Rollout

Vi has made significant strides in expanding its network coverage and introducing 5G services:

• 4G population coverage increased to over 84% as of September 2025, up from approximately 77% in March 2024, with plans to reach 90%.
• 5G services have been rolled out in all 17 priority circles where Vi holds 5G spectrum, covering 29 cities since launching in March 2025.
• The company added over 1,500 new 4G towers during the quarter, bringing the total broadband sites to approximately 527,000.

Outlook

While Vi has shown improvement in its financial performance and network expansion, the company still faces challenges in terms of its overall debt and the need for additional funding to support its growth plans. The ongoing expansion of 4G and 5G services, along with the focus on improving ARPU, will be crucial factors in determining Vi's future trajectory in the highly competitive Indian telecom market.

Shares of Vodafone Idea closed at ₹9.51, up 1.04%, reflecting cautious optimism in the market regarding the company's performance.

Vodafone Idea , one of India's leading telecom operators, is expected to report its quarterly results with a mix of challenges and improvements. The company's financial performance reflects the ongoing struggles in the highly competitive Indian telecom market.

Revenue and Subscriber Base

Despite facing headwinds, Vodafone Idea is projected to show a modest revenue growth:

The company's Average Revenue Per User (ARPU) is anticipated to see a slight increase:

Financial Performance

Vodafone Idea's financial metrics are expected to show some improvement:

The narrowing of losses and potential improvements in EBITDA margins are attributed to the company's cost control measures.

Key Concerns

Several challenges continue to impact Vodafone Idea's performance:

1. Funding constraints affecting capital spending plans
2. Delays in 5G rollout
3. Competitive pressure from larger peers

Analyst Focus

Financial analysts will be closely monitoring:

1. Management commentary on fundraising efforts
2. Potential relief measures regarding AGR or spectrum dues

These factors are crucial for understanding Vodafone Idea's future strategy and financial health.

The upcoming quarterly results will provide more clarity on Vodafone Idea's position in the market and its ability to navigate the challenging telecom landscape. Investors and industry observers will be keen to see how the company addresses its ongoing challenges while striving for financial improvement.