Vodafone Idea's Q3 FY 2025-26 Quarterly Results

Result Summary

• Vodafone Idea Ltd reported a 1.9% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 1.3%.
• Its expenses for the quarter were up by 6.1% QoQ and down 0.5% YoY.
• The net profit decreased 4.3% QoQ and decreased 20.0% YoY.
• The earnings per share (EPS) of Vodafone Idea Ltd declined at 0.49 during Q3 FY 2025-26.

Financial Statments for Q3 FY 2025-26

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Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Vodafone Idea Ltd is a prominent telecommunications company operating in India. The company was formed through the merger of Vodafone India and Idea Cellular, creating one of the largest telecom service providers in the country. Vodafone Idea offers a wide range of services, including mobile voice and data services, broadband, and enterprise solutions. The company operates in a highly competitive industry with major players like Bharti Airtel and Reliance Jio. Recently, Vodafone Idea has been focusing on expanding its 4G network and improving its service offerings to enhance customer experience. However, the company has faced financial challenges, including high debt levels and the need for significant investment in network infrastructure.

Revenue

In Q3FY26, Vodafone Idea Ltd reported a total income of ₹11,516 crores, reflecting a quarter-over-quarter (QoQ) increase of 1.9% from ₹11,296.6 crores in Q2FY26. On a year-over-year (YoY) basis, the total income saw a modest rise of 1.3% compared to ₹11,366.8 crores in Q3FY25. These figures indicate a slight improvement in revenue generation over both the previous quarter and the same quarter last year. The revenue performance in this period may be influenced by the company's efforts to enhance its service offerings and expand its customer base, amidst a competitive telecommunications landscape.

Profitability

Vodafone Idea Ltd's profitability metrics for Q3FY26 indicate ongoing challenges. The company reported a loss of ₹5,290 crores in profit before tax (PBT), which marks a reduction in losses by 4.3% from ₹5,527.3 crores in Q2FY26. Compared to Q3FY25, the PBT loss decreased by 19.9% from ₹6,606.8 crores. The profit after tax (PAT) for Q3FY26 was a loss of ₹5,286 crores, also showing an improvement with a 4.3% decrease from the loss of ₹5,524.2 crores in Q2FY26, and a 20.0% reduction from the loss of ₹6,609.3 crores in Q3FY25. This indicates a trend of narrowing losses over the periods analyzed. The earnings per share (EPS) for Q3FY26 was reported at -₹0.49, which is an improvement from -₹0.51 in Q2FY26 and significantly better than -₹0.95 in Q3FY25, representing a YoY improvement of 48.4%.

Operating Metrics

The operating metrics of Vodafone Idea Ltd highlight its cost management and tax impact. Total expenses for Q3FY26 were ₹17,884 crores, which is a QoQ increase of 6.1% from ₹16,861.5 crores in Q2FY26, yet a slight YoY decrease of 0.5% from ₹17,973.6 crores in Q3FY25. This indicates an increase in expenditure relative to the previous quarter but a marginal decrease compared to the same quarter last year. The tax expense for Q3FY26 was recorded as a negative ₹4 crores, contrasting with a negative ₹3.1 crores in Q2FY26 and a positive tax of ₹2.5 crores in Q3FY25. This reflects significant tax adjustments, with a 29.0% QoQ increase in tax benefits and a YoY change highlighting a shift from a tax liability to a tax asset position, at -260.0%. These metrics suggest that Vodafone Idea is actively managing its operational costs and tax position amidst its financial restructuring efforts.