Vodafone Idea Limited (Vi) has released its financial results for quarter and year ended on March 31, 2025. As per the company, its revenue from operations stood at Rs 110.13 billion in the fourth quarter (Q4) 2024-25 as compared to Rs 106.06 billion in Q4 2023-24. Its earnings before interest, tax, depreciation and amortisation (EBITDA) increased to Rs 46.59 billion in Q4 2024-25 against Rs 43.35 billion for the corresponding quarter last year. Further, the company’s loss after tax stood at Rs 71.66 billion against Rs 76.74 billion for the reported period. Meanwhile, cash EBITDA (pre-IndAS 116) increased to Rs 23.20 billion from Rs 21.79 billion for the reported period. Vi’s capital expenditure (capex) spend for Q4 2024-25 was Rs 42.3 billion, highest in a quarter since merger taking the capex for 2024-25 to Rs 95.7 billion.
Furthermore, company’s annual revenue and EBITDA (pre-IndAS 116) grew consecutively for the third year. Its revenue from operations for the whole year (2024-25) increased to Rs 435.71 billion against Rs 426.51 billion in 2023-24. The company’s EBITDA also increased to Rs 181.26 billion in 2024-25 from Rs 171.26 in 2023-24. Moreover, the company loss after tax stood at Rs 273.83 billion against Rs 312.38 billion for the reported period. Meanwhile, its cash EBITDA (pre-IndAS 116) increased to Rs 91.97 billion from Rs 84 billion in 2023-24. The company’s debt from banks reduced to Rs 23.3 billion in 2024-25 from Rs 40.4 billion in 2023-24. In addition, the cash and bank balance stood at Rs 99.3 billion as of March 31, 2025.
During the year, the company raised equity of approximately Rs 614 billion, including follow-on public offer (FPO) of Rs 180 billion, preferential issue of approximately Rs 40 billion to promoters (Aditya Birla Group Rs 21 billion and Vodafone Group Rs 19 billion) approximately Rs 25 billion to vendors (Nokia and Ericsson) and approximately Rs 369 billion to the Government of India.
Commenting on the results, Akshaya Moondra, chief executive officer (CEO), Vi, said, “This has been a turnaround quarter for us, marked by the highest average daily revenue in the past five years and a significant reduction in subscriber loss. Early indicators show improvement across key business metrics and with our ongoing investments, we are well placed to effectively participate in the growth opportunity offered by the Industry. We are also pleased to announce that our 5G services are now available in cities of Mumbai, Delhi, Chandigarh and Patna. Our expansion efforts are underway to offer 5G services in the key geographies of all 17 circles where we have 5G spectrum by August 2025. We also welcome the government’s decision for conversion of Rs 369.5 billion spectrum dues to equity. We remain engaged with lenders to secure debt financing to support our broader capex plans of Rs 500 to 550 billion.”
