Vodafone Idea has been making changes to its prepaid plans lately, from hiking its popular 84-day plan to launching new budget packs. Now, the telecom operator has shared its financial results for the July–September quarter (Q2 FY27).
Vodafone Idea Q2 Revenue and ARPU Results
While Vi’s revenue and average revenue per user (ARPU) went up, its losses widened compared with last year. Vi reported a net loss of Rs 5,975 crore in Q2 FY27, up from Rs 5,524 crore in the same quarter last year. It’s also higher than the Rs 3,754 crore loss Vi posted in the previous quarter.
However, the bigger loss was mainly due to a one-time hit of Rs 462 crore. Under a December 2025 settlement, Vodafone Group has set aside 3.28 billion Vi shares for five years and Vi gets the money when they are sold.
The value of these shares fell during the quarter and Vi recorded the drop as a loss. If you leave this out, Vi’s loss actually narrowed slightly to Rs 5,513 crore, from Rs 5,562 crore a year ago.
Here’s a quick look at the key numbers:
| Metric | Q2 FY27 | Q2 FY26 |
|---|---|---|
| Revenue | Rs 11,884 crore | Rs 11,195 crore |
| Net loss | Rs 5,975 crore | Rs 5,524 crore |
| Net loss (excluding one-time items) | Rs 5,513 crore | Rs 5,562 crore |
| EBITDA | Rs 4,981 crore | Rs 4,686 crore |
| Customer ARPU | Rs 198 | Rs 180 |
| Subscribers | 194.4 million | 196.7 million |
| Capex | Rs 3,946 crore | – |
The results also missed analyst estimates, and Vi’s shares fell around 3.5% on Friday morning.
On the brighter side, Vi’s customer ARPU rose to Rs 198, up from Rs 195 last quarter and Rs 180 a year ago. That’s a jump of nearly 10% year-on-year. Vi says this is mainly because more users are upgrading to higher-value plans and moving to 4G and 5G.
Moreover, Vi’s subscriber base grew to 194.4 million, up from 193.1 million at the end of June. This is the second quarter in a row that Vi has added subscribers, which it hasn’t managed since Vodafone and Idea merged in 2018. That said, the subscriber count is still lower than the 196.7 million it had a year ago.
Vi also raised another Rs 4,000 crore in debt funding during the quarter. That takes its total fundraising this financial year to around Rs 10,500 crore. The company is looking to raise Rs 25,000 to 35,000 crore in total from banks to expand its 4G and 5G networks. It has already placed orders worth over Rs 13,200 crore towards its three-year capex plan.
Related Articles
%20(1)-356w.webp "Vivo X500")
