ALFA Finder
The call ran from 2:31 PM to 3:14 PM IST (44 min).
Key takeaways
Vodafone Idea shows operational recovery with reduced subscriber loss and growing ARPU, though heavy debt and pending bank funding remain critical hurdles.
| Revenue growth | ₹11,884 Cr, 6.2% YoY growth from subscriber upgrades. |
|---|---|
| Margins | Cash EBITDA margin at 21%; focus on rigorous cost management. |
| Demand visibility | Strong data demand; total data usage up 27.1% YoY. |
| Management confidence | Cautiously optimistic; focusing on execution and upcoming bank funding. |
Growth
Revenue grew 6.2% YoY to ₹11,884 Cr; ARPU rose 9.7% to ₹198 via 4G/5G upgrades.
Outlook
Targets 4G coverage parity by FY28; ₹45,000 Cr capex planned over three years.
Risks
Massive debt repayment obligations; reliance on slow-moving public sector bank consortium for crucial funding.
Last quarter's promises, checked
Delivered
- ARPU 'a little better than ₹195' → ₹198 (= BEAT)
- Continued positive net adds → +1.3M total subs incl. M2M (= BEAT)
Partly delivered
- Deploy ₹9,100 Cr orders in ≤2 qtrs → ₹1,930 Cr Q1 + ₹3,946 Cr Q2 capex (= PARTIAL)
- 3x cash EBITDA (3-yr) → 21% margin, no ₹ figure (= PARTIAL)
- 4G rollout ~18 mo → FY28 parity reiterated, no site count (= PARTIAL)
Missed
- 16.8% revenue CAGR (3-yr) → 6.2% YoY (= MISS)
- PSU bank funding 'hopeful' to close → still pending (= MISS)
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
Vodafone Idea Q2 FY27 Results: Net Loss of ₹5,975 Cr, Loss Widens
Vodafone Idea Ltd reported revenue from operations of ₹11,884 Cr (+6.2% YoY) and a net loss of ₹5,975 Cr for Q2 FY27.
- Key figure
- Net loss ₹5,975 Cr
What management said last time
Full summary →From the call summary published .
Outlook they gave
Guided ₹45,000 Cr capex over 3 years. Targeting 3x cash EBITDA growth by FY29 with 16.8% CAGR.
Growth they described
Revenue grew 6.0% YoY; Cash EBITDA increased 13.5% YoY to ₹2,475 Cr. ARPU improved 10.2% YoY to ₹195.
Call details
| Company | Vodafone Idea Ltd |
|---|---|
| NSE symbol | IDEA |
| ISIN | INE669E01016 |
| Call | Q2 FY27 earnings call |
| Date | Friday, 13 November 2026 |
| Time | 2:30 PM IST |
| Length | 44 min |
| Audio | Our stream on YouTube ↗ |
Vodafone Idea Ltd: key numbers
- Share price
- ₹12.57
- Market cap
- ₹1,36,187 Cr
- Revenue (annual)
- ₹44,873 Cr
- Net profit (annual)
- ₹34,552 Cr
- P/E (TTM)
- 3.7×Sector 36.6×
- Promoter holding
- 25.64%+0.00% QoQ
- FII holding
- 5.83%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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