Mumbai, November 13: Telecom operator Vodafone Idea Limited reported a widening of its consolidated net loss to ₹5,975 crore for the second quarter of FY27, compared with ₹3,747 crore in the preceding quarter, largely due to exceptional accounting adjustments.
Despite mounting losses, the company recorded modest revenue growth and an improvement in its subscriber base during the July-September quarter.
Exceptional Loss Hits Earnings
According to its stock exchange filing, Vodafone Idea recorded an exceptional loss of ₹462 crore during the September quarter due to mark-to-market remeasurement of earmarked settlement shares.
This contrasted with an exceptional gain of ₹1,611 crore in the June quarter, contributing significantly to the sequential deterioration in profitability.
Revenue from operations increased 1.7% quarter-on-quarter to ₹11,884 crore from ₹11,689 crore.
However, earnings before interest, taxes, depreciation and amortisation (EBITDA) declined 1.1% to ₹4,981 crore from ₹5,034 crore.
The EBITDA margin narrowed to 41.9% from 43.1%, reflecting pressure on operating profitability.
Subscriber Base Strengthens
Vodafone Idea’s total subscriber base increased to 194.4 million from 193.1 million in the previous quarter.
Its postpaid subscriber base climbed to 33.9 million from 31.9 million, marking the company’s strongest quarterly postpaid additions in nine quarters.
The telecom operator reported 131 million 4G and 5G subscribers, compared with 127.8 million a year earlier.
Average daily data consumption jumped 27.1% year-on-year to 93.6 petabytes, indicating growing demand for mobile data services.
However, average revenue per user (ARPU) declined to ₹180 from ₹195 in the preceding quarter.
Network Expansion Remains Priority
Chief Executive Officer Abhijit Kishore said the company remained focused on executing its strategic priorities.
He highlighted subscriber additions, network expansion and improvements in customer experience as important drivers of operational progress.
While the expanding subscriber base offers encouragement, Vodafone Idea continues to face profitability challenges as it works to strengthen its competitive position in India’s telecom market.
Disclaimer: This report is based on Vodafone Idea’s stock exchange filing and is intended for informational purposes, not investment advice.
