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Earnings Call

Vodafone Idea Earnings Call: Key Takeaways

Vodafone Idea reports Q4FY26 revenue of ₹11,332 Cr with a major AGR reassessment reducing liabilities from ₹87,695 Cr to ₹64,046 Cr.

Why this was an Alfa AlertManagement guided a reduction in AGR dues; achieved a definitive settlement reducing liability by ~₹23,649 Cr (27% beat on liability reduction).
Highlights
Revenue growth3% YoY for FY26; 2.9% for Q4FY26.
MarginsEBITDA margin improved 80bps to 43.1%.
Demand visibilityStrong 4G/5G subscriber mix at 66.9%.
Management confidenceHigh following promoter equity infusion and AGR resolution.

Growth

FY26 revenue grew 3% to ₹44,873 Cr; Q4 ARPU rose 8.3% YoY to ₹190.

Outlook

Targets 3x EBITDA and ₹45,000 Cr capex over 3 years; launching 5G in 80+ cities.

Risks

Higher churn rate vs industry (4%); spectrum payout obligations starting FY28.

Source

Earnings Call filed with BSE, NSE: IDEA. Summary written with AI assistance from the document.

Read the document ↗

Vodafone Idea Ltd: key numbers

Share price
₹13.03
Market cap
₹1,41,171 Cr
Revenue (annual)
₹44,873 Cr
Net profit (annual)
₹34,552 Cr
P/E (TTM)
3.8×Sector 36.5×
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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