Vodafone Idea Q2 net loss widens to Rs 5,975 crore

New Delhi: Telecom operator Vodafone Idea on Thursday reported a widening of consolidated net loss to Rs 5,975 crore for the July-September quarter, mainly due to an exceptional loss of Rs 462 crore. The company posted a net loss of Rs 5,524 crore in the year-ago period, according to a regulatory filing. The reported loss was higher due to the "adverse impact of mark-to-market of treasury assets", it added. Vodafone Idea's revenue from operations rose 6.2 per cent to Rs 11,884 crore from Rs 11,195 crore in Q2 FY26. The company registered a net loss of Rs 3,754 crore in the April-June quarter, while revenue edged up 1.7 per cent.

"Our Q2 FY27 performance reflects steady progress against our priorities. We are encouraged by continued improvement in our net subscriber additions, supported by network expansion and enhanced customer experience. Building on these improvements, we strengthened our customer proposition through innovative, differentiated and industry-first propositions such as free international roaming and family prepaid plans," Vodafone Idea CEO Abhijit Kishore said.

Vodafone Idea booked an exceptional loss of Rs 462 crore in the quarter on remeasurement of 328 crore of its shares earmarked by Vodafone Group entities for a period of five years, according to the filing. It had recorded a gain of Rs 1,816 crore on these shares in the previous quarter. Adjusted for exceptional items, the loss was lower at Rs 5,513 crore compared to Rs 5,562 crore in Q2 FY26, the company said. Its subscriber base rose to 19.44 crore at the end of the quarter from 19.31 crore in the June quarter. It stood at 19.67 crore a year ago.

Customer ARPU (average revenue per user) rose 10 per cent to Rs 198 from Rs 180 in Q2 FY26, primarily supported by customer upgrades, it said. The company closed the quarter with 131.0 million 4G/5G subscribers, up from 127.8 million in the same period last year. Capex for the quarter more than doubled sequentially to Rs 3,946 crore. "Our refreshed brand identity and related campaigns are resonating well with our subscribers. We have placed capex orders of over Rs 13,200 crore, of which nearly Rs 6,000 crore capex has been executed.

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