Vodafone Idea Limited (Vi) has released its unaudited consolidated financial statements for quarter ended (QE) December 31, 2025. As per the company, its revenue from operations increased to Rs 113.23 billion in the third quarter (Q3) of financial year 2025-26 (FY26) from Rs 111.17 billion in Q3 FY25. Meanwhile, cash earnings before interest, tax, depreciation and amortisation (EBITDA) (pre-IndAS 116) declined to Rs 23.58 billion from Rs 24.5 billion, with margins increasing to 20.8 per cent from 22 per cent.
Further, reported EBITDA rose to Rs 48.16 billion from Rs 47.12 billion, and margins were broadly steady at 42.5 per cent versus 42.4 per cent a year earlier. Reported loss after tax narrowed to Rs 52.86 billion from Rs 66.09 billion in Q3 FY25.
Commenting on the results, chief executive officer, Vi, said, “This quarter marked an important inflection point for the company with positive resolution of key legacy issues. We are thankful to the government for offering a definitive, long-term and conclusive solution on the adjusted gross revenue (AGR) matter. We also concluded the settlement of CLAM receivable of Rs 63.94 billion with the Vodafone Group. One of the key milestones for the quarter was the successful NCD raise of Rs 33 billion, despite an AGR overhang; a clear reflection of lender confidence on our ability to improve the business performance. Collectively, these developments have strengthened the trajectory of our debt discussions which will enable us to execute our larger capital expenditure plan to strengthen the network and further elevate the customer experience. On the operational side, our market initiatives translated into deeper customer engagement with average revenue per user and data consumption improving sequentially.”
