Vodafone Idea Q1 Results: Net Loss Widens to Rs 6,608 Cr YoY, Revenue Rises 5%, ARPU Improves Slightly.

Vodafone Idea Ltd (Vi), one of India's leading telecom operators, has reported a consolidated net loss of Rs 6,608 crore for the quarter ended June 2025 (Q1 FY26), as per its regulatory filing on Thursday. The net loss marks a year-on-year (YoY) increase when compared to the Rs 6,432 crore reported in Q1 FY25.

Vodafone Idea Q1 Results 2026: Net Loss Increases

However, it reflects a sequential improvement from the previous quarter, where the company had posted a higher loss of Rs 7,166 crore in Q4 FY25.

The narrowing of the loss quarter-on-quarter suggests some improvement in cost control or operational efficiencies, even as the company continues to face major financial and competitive challenges in the Indian telecom market.

VI Revenue Grows 5% Year-on-Year, But Remains Flat QoQ

The company's revenue from operations for Q1 FY26 stood at Rs 11,022.5 crore, showing a 5% growth compared to the same period last year. This YoY rise indicates a marginal improvement in the company's ability to generate top-line revenue, likely supported by higher tariffs or increased data usage.

On a sequential basis, however, the growth was almost negligible. The revenue increased just 0.1% from Q4 FY25, coming in at Rs 11,023 crore.

Vodafone Idea EBITDA Declines Marginally, Margin Contracts

Vodafone Idea's operating profit, measured in terms of earnings before interest, taxes, depreciation, and amortisation (EBITDA), dropped by 1% sequentially to Rs 4,612 crore in Q1 FY26. This decline in EBITDA suggests rising operational costs or reduced profitability from core services.

Moreover, the company's EBITDA margin fell to 41.8%, signaling a squeeze in operating efficiency. A fall in margin means that the company's expenses are increasing faster than its revenue, which can be concerning for investors and stakeholders monitoring Vi's turnaround efforts.

VI ARPU Inches Up Slightly

A positive takeaway from the results was a marginal increase in average revenue per user (ARPU), one of the most crucial metrics for telecom operators. Vodafone Idea reported an ARPU of Rs 177 for Q1 FY26, up from Rs 175 in the previous quarter. This 1.1% sequential increase indicates slightly better realisations per customer, possibly driven by improved service offerings or tariff adjustments.