Vodafone Idea Share Price in Focus; 3% Revenue Growth in FY26 Results

Vodafone Idea Limited (Vi) announced its audited financial results for the quarter and financial year ended March 31, 2026, highlighting improving operational performance and signs of business recovery. 

The telecom operator reported stabilisation in its customer base, revenue growth, improved ARPU, and strengthening of its balance sheet following AGR-related developments.

For Q4FY26, revenue from operations stood at ₹11,333 crore compared to ₹11,014 crore in Q4FY25, reflecting a year-on-year growth of 2.9%. EBITDA for the quarter increased 4.9% YoY to ₹4,890 crore, while EBITDA margin improved to 43.1%.

ARPU and Subscriber Metrics Improve

The company reported customer ARPU of ₹190 in Q4FY26, compared to ₹175 in the corresponding quarter last year, registering an 8.3% increase. Vi stated that this was the highest ARPU in the industry during the quarter.

The customer base stabilised at 192.8 million subscribers, with monthly subscriber additions turning positive from February 2026 onward. The company’s 4G and 5G subscriber base also increased to 128.9 million from 126.4 million a year earlier.

During FY26, Vi launched 5G services in 83 cities and expanded its 4G coverage by 48 million people, covering over 86% of the population. The company also added more than 17,300 broadband towers during the year, taking the total to 202,008 towers.

Annual Financial Performance Strengthens

For FY26, revenue from operations increased 3% YoY to ₹44,873 crore, while annual EBITDA rose 4.8% to ₹19,003 crore. The company spent ₹8,742 crore on capital expenditure during the financial year to strengthen network infrastructure and expand coverage.

Vodafone Idea reported a consolidated PAT of ₹34,552 crore for FY26, largely supported by a one-time accounting gain arising from AGR reassessment and recognition of future payment values.

Aditya Birla Group Commits Fresh Investment

The company’s board approved the issuance of fully convertible warrants worth ₹4,730 crore to an Aditya Birla Group entity on a preferential basis. The planned equity infusion of $500 million is expected to further strengthen the company’s financial position.

Vi also reported a sharp reduction in bank debt, which declined to ₹726 crore as of March 31, 2026, compared to ₹2,326 crore a year earlier. Cash and bank balances stood at ₹3,715 crore.

Vodafone Idea Share Price Today

On May 18, 2026, Vodafone Idea share price opened at ₹12.74, touching the day’s low at ₹12.45, as of 11:13 AM on the NSE.

Also Read: Vodafone Idea Share Price Jumps Over 5% After Reports of Vodafone Group May Transfer Part Stake!

Conclusion

Vodafone Idea’s FY26 results indicate improving operational stability with higher ARPU, stable subscriber additions, and better financial metrics. Continued network expansion, promoter support, and balance sheet strengthening may help the company improve its competitive position in India’s telecom sector going forward.

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