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Vodafone Idea (IDEA) investor relations material
Vodafone Idea Q2 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Leadership transition completed with new CEO and CFO, focusing on operational excellence and long-term value creation.
Revenue for Q2FY26 was Rs. 111.9 billion, up 2.4% year-over-year, with continued network investments and 5G rollout completed in all 17 priority circles.
Strategic initiatives include 5G rollout, digital ecosystem expansion, and enterprise solutions.
Net loss for the quarter narrowed to Rs. 55,242 million from Rs. 71,759 million in Q2FY25.
Supreme Court allowed government to reassess AGR dues, with ongoing discussions with DoT.
Financial highlights
Revenue for Q2 FY26 was INR 111.9 billion, up 2.4% year-on-year and 1.6% sequentially.
Reported EBITDA reached INR 46.9 billion, up 3% year-on-year, with margin improving to 41.9%.
Cash EBITDA was INR 22.5 billion, down 3.4% year-on-year but up 3% sequentially.
Net loss after tax for Q2FY26 was Rs. 55,242 million, compared to Rs. 71,759 million in Q2FY25.
CAPEX for the quarter was INR 17.5 billion; H1 FY26 CAPEX at INR 42 billion.
Outlook and guidance
Targeting 90% 4G coverage in the next few quarters, requiring an additional INR 4,000 crore CAPEX.
FY26 CAPEX guidance is INR 7,500–8,000 crore, funded through internal accruals and existing resources.
Focus remains on expanding 4G/5G coverage and enhancing customer engagement.
Engaged with lenders to secure debt financing to support capex plans of Rs. 500-550 billion.
Confident in ability to arrange funding and generate operational cash flows, contingent on DoT support and AGR liability resolution.
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