Vodafone Idea Limited (Vi) has announced its financial results for the fourth quarter (Q4) and full year ended March 31, 2026. The company’s revenue from operations stood at Rs 113.32 billion in Q4 of financial year 2025-26 (FY26), as compared to Rs 110.14 billion in Q4 FY25. Earnings before interest, tax, depreciation and amortisation (EBITDA) for the quarter increased to Rs 48.89 billion from Rs 46.6 billion in the corresponding quarter last year, registering a 4.9 per cent year-on-year (YoY) growth. EBITDA margin improved to 43.1 per cent from 42.3 per cent in Q4 FY25.
Vi reported a profit after tax (PAT) of Rs 519.7 billion in Q4 FY26 against a loss of Rs 71.66 billion in Q4 FY25.
The telco’s average revenue per user (ARPU) increased to Rs 190 from Rs 175 in Q4 FY25, marking an 8.3 per cent YoY growth and reaching the highest level in the industry. In addition, the company’s board approved the issuance of fully convertible warrants worth Rs 47.30 billion (around $500 million) to an Aditya Birla Group promoter entity on a preferential basis.
For the full financial year FY26, Vi’s revenue from operations stood at Rs 448.73 billion, up 3 per cent from Rs 435.71 billion in FY25. Annual EBITDA increased to Rs 190.03 billion from Rs 181.27 billion, reflecting a 4.8 per cent YoY growth. The company’s capital expenditure during FY26 stood at Rs 87.42 billion.
Commenting on the results, chief executive officer, Vi, said, “The gains from the capex investments and network rollout are now clearly visible. Q4 FY26 marks a decisive step forward with all seven key parameters that we benchmark our performance to, demonstrating sequential improvement. Most significantly, our subscriber addition turned net positive since February 2026, a meaningful milestone that reflects the impact of our sustained network investment. We also expanded our 4G coverage to include a population of over 48 million and our 5G experience is now live in over 80 cities in line with our commitment to strengthen the network and deliver superior customer experience. Our focus is on execution and in ensuring that the momentum only accelerates from here on.”
