Vodafone Idea Reports Q4 Profit of Rs 51,970 Crore Amid One-Time Gain, with Revenue Rising 3% Year-on-Year.

Vodafone Idea has made a remarkable turnaround in its financial performance for the March quarter of FY26, reporting a net profit of Rs 51,970 crore, a significant recovery from the previous year’s net loss of Rs 7,166 crore in Q4 FY25. This leap can largely be attributed to a one-time accounting gain from the AGR reassessment, alongside a strategic recognition of future AGR payments. The company’s revenue from operations also showed positive movement, reaching Rs 11,332 crore, which reflects a modest increase of 3% compared to Rs 11,017 crore in the same quarter last year. Furthermore, EBITDA climbed to Rs 4,889 crore, representing a year-on-year growth of 4.9%, illustrating a trend of improving operational efficiency.

Key performance metrics displayed robust growth as well, with the average revenue per user (ARPU) elevating to Rs 190, up 8.3% year-on-year from Rs 175 in Q4 FY25, maintaining Vodafone Idea’s position as an industry leader in this category. The firm also reported an increase in its 4G/5G subscriber base, growing to 128.9 million from 126.4 million quarter-over-quarter, representing a gradual yet positive trend in customer acquisition. The board’s decision to approve the issuance of fully convertible warrants worth Rs 4,730 crore to an Aditya Birla Group promoter entity speaks to the company’s confidence in its financial future and ability to attract investment to support ongoing growth initiatives.

For the entire fiscal year 2026, Vodafone Idea reported annual revenue of Rs 44,873 crore, marking a 3% increase from the previous year, while annual EBITDA rose by 4.8% to Rs 19,003 crore. The company invested substantially in capital expenditures amounting to Rs 8,742 crore, which facilitated the launch of 5G services across 83 cities and significant expansions in 4G coverage, now reaching over 86% of the population. CEO Abhijit Kishore emphasized the visibility of benefits from the company’s strategic investments, noting that all seven key performance metrics showed sequential improvement, underscoring the positive impact of sustained network investments and the pivotal subscriber gains achieved since February 2026.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova team.)