Integrated Filing — IndAS

General information about company

Scrip Code	532822
NSE Symbol	IDEA
MSEI Symbol	NA
ISIN	INE669E01016
Name of company	Vodafone Idea Limited
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-04-2025
Date of end of financial year	31-03-2026
Date of board meeting when results were approved	10-11-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	05-11-2025
Description of presentation currency	INR
Level of rounding used in financial results	Lakhs
Reporting Type	Quarterly
Reporting Quarter	Second quarter
Nature of report standalone or consolidated	Consolidated
Whether results are audited or unaudited for the quarter ended	Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Unaudited
Segment Reporting	Single segment
Description of single segment	Mobility
Start date and time of board meeting	10-11-2025 15:30:00
End date and time of board meeting	10-11-2025 18:15:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Not applicable

Financial Results Ind-AS

Amount in (Lakhs)

Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-07-2025	01-04-2025
B	Date of end of reporting period	30-09-2025	30-09-2025
C	Whether results are audited or unaudited	Unaudited	Unaudited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
1	Income
	Revenue from operations	11,19,470.00	22,21,720.00
	Other income	10,190.00	24,360.00
	Total income	11,29,660.00	22,46,080.00
2	Expenses
(a)	Cost of materials consumed	0.00	0.00
(b)	Purchases of stock-in-trade	120.00	130.00
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	0.00	0.00
(d)	Employee benefit expense	60,720.00	1,15,070.00
(e)	Finance costs	4,78,440.00	10,67,720.00
(f)	Depreciation, depletion and amortisation expense	5,56,750.00	11,03,960.00
(f)	Other Expenses
1	Network Expenses and IT Outsourcing Costs	2,36,250.00	4,71,180.00
2	License Fees and Spectrum Usage Charges	95,950.00	1,90,680.00
3	Roaming & Access Charges	1,13,570.00	2,24,960.00
4	Marketing, Content, Customer Acquisition & Service Costs	1,17,740.00	2,36,490.00
5	Other Expenses	26,610.00	53,490.00
	Total other expenses	5,90,120.00	11,76,800.00
	Total expenses	16,86,150.00	34,63,680.00
3	Total profit before exceptional items and tax	(5,56,490.00)	(12,17,600.00)
4	Exceptional items	3,760.00	3,760.00
5	Total profit before tax	(5,52,730.00)	(12,13,840.00)
6	Tax expense
7	Current tax	20.00	20.00
8	Deferred tax	(330.00)	(630.00)
9	Total tax expenses	(310.00)	(610.00)
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0.00	0.00
11	Net Profit Loss for the period from continuing operations	(5,52,420.00)	(12,13,230.00)
12	Profit (loss) from discontinued operations before tax	0.00	0.00
13	Tax expense of discontinued operations	0.00	0.00
14	Net profit (loss) from discontinued operation after tax	0.00	0.00
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0.00	0.00
16	Total profit (loss) for period	(5,52,420.00)	(12,13,230.00)
17	Other comprehensive income net of taxes	(140.00)	(570.00)
18	Total Comprehensive Income for the period	(5,52,560.00)	(12,13,800.00)
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	1,08,34,300.00	1,08,34,300.00
	Face value of equity share capital	10	10
27	Details of debt securities
22	Reserves excluding revaluation reserve
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	-0.51	-1.13
	Diluted earnings (loss) per share from continuing operations	-0.51	-1.13
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	-0.51	-1.13
	Diluted earnings (loss) per share from continuing and discontinued operations	-0.51	-1.13
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		Textual Information(1)

Disclosure of notes on financial results

Textual Information(1)	Notes 1. The above unaudited consolidated financial results of Vodafone Idea Limited, its subsidiaries (the Group), joint venture and associate, as reviewed by the Audit Committee of the Board, were approved and taken on record by the Board of Directors at their meeting held on 10th November, 2025. 2. The AGR demands till FY 2019 are part of the four-year moratorium period. Settlement of the AGR liability is subject to disposal of the representations made/to be made by the Company in line with the orders pronounced by the Hon’ble Supreme Court in this regard. In September 2025, the Company filed a writ petition before the Hon'ble Supreme Court seeking quashing of the additional AGR demands for the period up to FY 2017 raised by DoT and for comprehensive reassessment/reconciliation of all AGR dues including interest and penalty upto said period. The Hon'ble Supreme Court, keeping in view the change in circumstances and the larger public interest, vide its orders dated 27th October, 2025 and 3rd November, 2025, has held that the matter falls within the policy domain of the Government of India (GoI) and DoT could reconsider the issue. The Hon’ble Supreme Court has also clarified that DoT could re-assess and reconcile all AGR dues including interest and penalty up to the said period. Pending the outcome of such reconsideration/re-assessment by DoT, no effect has been given in these consolidated financial results. 3. The Group has incurred a loss of Rs. 121,323 Mn for the six months ended 30th September, 2025 and net worth stands at negative Rs. 824,602 Mn at that date. - As at 30th September, 2025, the Group’s outstanding debt from banks (including interest accrued but not due) is Rs. 15,421 Mn and Deferred payment obligation (including interest accrued but not due) towards Spectrum which is payable over the years till FY 2044 and AGR which is payable over the years till FY 2031 aggregates to Rs. 2,014,090 Mn. - The AGR instalment on which moratorium was availed as per the Telecom Reforms Package 2021, falling due during FY 2026 is Rs.164,280 Mn (subject to reconsideration / re-assessment of AGR dues including Interest and Penalty up to FY 2016 - 17 by DoT discussed in Note 2 above). Instalments related to deferred payment obligations towards spectrum payable by September 2026 is Rs. 25,581 Mn. - Out of the total debt from banks (including interest accrued but not due) of Rs 15,421 Mn, an amount of Rs 14,402 Mn is payable in the next 12 months i.e. by September 2026 with applicable interest. Further an amount of Rs 858 Mn has been reclassified from long-term borrowings to short-term borrowings for not meeting certain covenant clauses under the financial agreements. The Group has exchanged correspondences and continues to be in discussion with the lenders for next steps/waivers. - As of date, the Group has met all its debt obligations payable to its lenders / banks and financial institutions along with applicable interest. The Company is in discussion with banks to raise additional funds as required. The Group’s ability to settle the above liabilities is dependent on reconsideration / re-assessment of AGR dues including Interest and Penalty up to FY 2016 - 17 by DoT, fund raise through equity and debt and generation of cash flow from operations. Based on current efforts and recent directions by the Hon'ble Supreme Court, the Group believes that it would be able to get DoT support, successfully arrange funds and generate cash flow from operations. Accordingly, these consolidated financial results have been prepared on a going concern basis. 4. As at 30th September, 2025, assets include amounts recorded as recoverable from the promoters of erstwhile Vodafone India Limited (“VInL”) under the Implementation agreement (IA) executed on 20th March, 2017. Under the IA, the Company can claim the amounts should it discharge part of the AGR dues by 30th June, 2025 (“Last Settlement Date”). Considering the moratorium by the GoI, the AGR dues have not been paid by the Company. The parties have extended the Last Settlement Date till 31st December, 2025. The Company will take necessary steps as required in this regard to realise this amount. 5. The Group operates only in one reportable segment i.e. Mobility and hence no separate disclosure is required for Segments. 6. Exceptional items represent the reversal of accrued cost related to integration and merger. 7. Previous period figures have been regrouped and rearranged wherever necessary. For and on behalf of the Board of Directors of VODAFONE IDEA LIMITED Ravinder Takkar Non-Executive Chairman Date: 10th November, 2025 Place: Mumbai

Textual Information(1)

Notes 1. The above unaudited consolidated financial results of Vodafone Idea Limited, its subsidiaries (the Group), joint venture and associate, as reviewed by the Audit Committee of the Board, were approved and taken on record by the Board of Directors at their meeting held on 10th November, 2025. 2. The AGR demands till FY 2019 are part of the four-year moratorium period. Settlement of the AGR liability is subject to disposal of the representations made/to be made by the Company in line with the orders pronounced by the Hon’ble Supreme Court in this regard. In September 2025, the Company filed a writ petition before the Hon'ble Supreme Court seeking quashing of the additional AGR demands for the period up to FY 2017 raised by DoT and for comprehensive reassessment/reconciliation of all AGR dues including interest and penalty upto said period. The Hon'ble Supreme Court, keeping in view the change in circumstances and the larger public interest, vide its orders dated 27th October, 2025 and 3rd November, 2025, has held that the matter falls within the policy domain of the Government of India (GoI) and DoT could reconsider the issue. The Hon’ble Supreme Court has also clarified that DoT could re-assess and reconcile all AGR dues including interest and penalty up to the said period. Pending the outcome of such reconsideration/re-assessment by DoT, no effect has been given in these consolidated financial results. 3. The Group has incurred a loss of Rs. 121,323 Mn for the six months ended 30th September, 2025 and net worth stands at negative Rs. 824,602 Mn at that date. - As at 30th September, 2025, the Group’s outstanding debt from banks (including interest accrued but not due) is Rs. 15,421 Mn and Deferred payment obligation (including interest accrued but not due) towards Spectrum which is payable over the years till FY 2044 and AGR which is payable over the years till FY 2031 aggregates to Rs. 2,014,090 Mn. - The AGR instalment on which moratorium was availed as per the Telecom Reforms Package 2021, falling due during FY 2026 is Rs.164,280 Mn (subject to reconsideration / re-assessment of AGR dues including Interest and Penalty up to FY 2016 - 17 by DoT discussed in Note 2 above). Instalments related to deferred payment obligations towards spectrum payable by September 2026 is Rs. 25,581 Mn. - Out of the total debt from banks (including interest accrued but not due) of Rs 15,421 Mn, an amount of Rs 14,402 Mn is payable in the next 12 months i.e. by September 2026 with applicable interest. Further an amount of Rs 858 Mn has been reclassified from long-term borrowings to short-term borrowings for not meeting certain covenant clauses under the financial agreements. The Group has exchanged correspondences and continues to be in discussion with the lenders for next steps/waivers. - As of date, the Group has met all its debt obligations payable to its lenders / banks and financial institutions along with applicable interest. The Company is in discussion with banks to raise additional funds as required. The Group’s ability to settle the above liabilities is dependent on reconsideration / re-assessment of AGR dues including Interest and Penalty up to FY 2016 - 17 by DoT, fund raise through equity and debt and generation of cash flow from operations. Based on current efforts and recent directions by the Hon'ble Supreme Court, the Group believes that it would be able to get DoT support, successfully arrange funds and generate cash flow from operations. Accordingly, these consolidated financial results have been prepared on a going concern basis. 4. As at 30th September, 2025, assets include amounts recorded as recoverable from the promoters of erstwhile Vodafone India Limited (“VInL”) under the Implementation agreement (IA) executed on 20th March, 2017. Under the IA, the Company can claim the amounts should it discharge part of the AGR dues by 30th June, 2025 (“Last Settlement Date”). Considering the moratorium by the GoI, the AGR dues have not been paid by the Company. The parties have extended the Last Settlement Date till 31st December, 2025. The Company will take necessary steps as required in this regard to realise this amount. 5. The Group operates only in one reportable segment i.e. Mobility and hence no separate disclosure is required for Segments. 6. Exceptional items represent the reversal of accrued cost related to integration and merger. 7. Previous period figures have been regrouped and rearranged wherever necessary. For and on behalf of the Board of Directors of VODAFONE IDEA LIMITED Ravinder Takkar Non-Executive Chairman Date: 10th November, 2025 Place: Mumbai

Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-04-2025
Date of end of reporting period		30-09-2025
Whether results are audited or unaudited		Unaudited
Nature of report standalone or consolidated		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	59,43,980.00
	Capital work-in-progress	94,650.00
	Investment property
	Goodwill	0.00
	Other intangible assets	83,16,190.00
	Intangible assets under development	13,69,580.00
	Biological assets other than bearer plants
	Investments accounted for using equity method	30.00
	Non-current financial assets
	Non-current investments	0.00
	Trade receivables, non-current
	Loans, non-current	0.00
	Other non-current financial assets	73,690.00
	Total non-current financial assets	73,690.00
	Deferred tax assets (net)	1,530.00
	Other non-current assets	6,46,790.00
	Total non-current assets	1,64,46,440.00
2	Current assets
	Inventories	420.00
	Current financial asset
	Current investments	22,600.00
	Trade receivables, current	1,88,950.00
	Cash and cash equivalents	86,810.00
	Bank balance other than cash and cash equivalents	2,36,170.00
	Loans, current	0.00
	Other current financial assets	6,48,390.00
	Total current financial assets	11,82,920.00
	Current tax assets (net)
	Other current assets	12,25,020.00
	Total current assets	24,08,360.00
3	Non-current assets classified as held for sale
4	Regulatory deferral account debit balances and related deferred tax Assets
	Total assets	1,88,54,800.00
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	1,08,34,300.00
	Other equity	(1,90,80,320.00)
	Total equity attributable to owners of parent	(82,46,020.00)
	Non controlling interest
	Total equity	(82,46,020.00)
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	1,82,21,380.00
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0.00
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0.00
	Total Trade payable	0.00
	Other non-current financial liabilities	35,70,090.00
	Total non-current financial liabilities	2,17,91,470.00
	Provisions, non-current	460.00
	Deferred tax liabilities (net)	1,400.00
	Deferred government grants, Non-current
	Other non-current liabilities	40,410.00
	Total non-current liabilities	2,18,33,740.00
	Current liabilities
	Current financial liabilities
	Borrowings, current	12,76,950.00
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	0.00
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	9,04,280.00
	Total Trade payable	9,04,280.00
	Other current financial liabilities	21,97,240.00
	Total current financial liabilities	43,78,470.00
	Other current liabilities	8,58,790.00
	Provisions, current	3,930.00
	Current tax liabilities (Net)	25,890.00
	Deferred government grants, Current
	Total current liabilities	52,67,080.00
3	Liabilities directly associated with assets in disposal group classified as held for sale
4	Regulatory deferral account credit balances and related deferred tax liability
	Total liabilities	2,71,00,820.00
	Total equity and liabilites	1,88,54,800.00
	Disclosure of notes on assets and liabilities

Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-07-2025	01-04-2025
Date of end of reporting period		30-09-2025	30-09-2025
Whether results are audited or unaudited		Unaudited	Unaudited
Nature of report standalone or consolidated		Consolidated	Consolidated
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
	Total Segment Revenue
	Less: Inter segment revenue
	Revenue from operations
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
	Total Profit before tax
	i. Finance cost
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax
3	(Segment Asset - Segment Liabilities)
	Segment Asset
	Total Segment Asset
	Un-allocable Assets	null	null
	Net Segment Asset	null	null
4	Segment Liabilities
	Segment Liabilities
	Total Segment Liabilities
	Un-allocable Liabilities	null	null
	Net Segment Liabilities	null	null
	Disclosure of notes on segments

Other Comprehensive Income

Amount in (Lakhs)

Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-07-2025	01-04-2025
B	Date of end of reporting period	30-09-2025	30-09-2025
C	Whether results are audited or unaudited	Unaudited	Unaudited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Re-measurement gains/(losses) of defined benefit plans	-15000000	-58000000
	Total Amount of items that will not be reclassified to profit and loss	(150.00)	(580.00)
2	Income tax relating to items that will not be reclassified to profit or loss	(10.00)	(10.00)
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss
5	Total Other comprehensive income	(140.00)	(570.00)

Cash flow statement, indirect

Amount in (Lakhs)

Particulars			Year ended (dd-mm-yyyy)
A	Date of start of reporting period		01-04-2025
B	Date of end of reporting period		30-09-2025
C	Whether results are audited or unaudited		Unaudited
D	Nature of report standalone or consolidated		Consolidated
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax		(12,13,840.00)
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs		10,67,720.00
	Adjustments for decrease (increase) in inventories		(310.00)
	Adjustments for decrease (increase) in trade receivables, current		810.00
	Adjustments for decrease (increase) in trade receivables, non-current		0.00
	Adjustments for decrease (increase) in other current assets		(70,580.00)
	Adjustments for decrease (increase) in other non-current assets		(14,920.00)
	Adjustments for other financial assets, non-current		390.00
	Adjustments for other financial assets, current		(1,400.00)
	Adjustments for other bank balances		2,85,390.00
	Adjustments for increase (decrease) in trade payables, current		(66,630.00)
	Adjustments for increase (decrease) in trade payables, non-current		(40.00)
	Adjustments for increase (decrease) in other current liabilities		(15,690.00)
	Adjustments for increase (decrease) in other non-current liabilities		(2,630.00)
	Adjustments for depreciation and amortisation expense		11,03,960.00
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss		0.00
	Adjustments for provisions, current		(3,460.00)
	Adjustments for provisions, non-current		(580.00)
	Adjustments for other financial liabilities, current		(13,030.00)
	Adjustments for other financial liabilities, non-current		(1,420.00)
	Adjustments for unrealised foreign exchange losses gains		0.00
	Adjustments for dividend income		0.00
	Adjustments for interest income		23,190.00
	Adjustments for share-based payments		0.00
	Adjustments for fair value losses (gains)		0.00
	Adjustments for undistributed profits of associates		0.00
	Other adjustments for which cash effects are investing or financing cash flow		(6,920.00)
	Other adjustments to reconcile profit (loss)		0.00
	Other adjustments for non-cash items		5,040.00
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships		0.00
	Total adjustments for reconcile profit (loss)		22,42,510.00
	Net cash flows from (used in) operations		10,28,670.00
	Dividends received		0.00
	Interest paid		0.00
	Interest received		0.00
	Income taxes paid (refund)		(18,560.00)
	Other inflows (outflows) of cash		0.00
	Net cash flows from (used in) operating activities		10,47,230.00
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses		0.00
	Cash flows used in obtaining control of subsidiaries or other businesses		0.00
	Other cash receipts from sales of equity or debt instruments of other entities		0.00
	Other cash payments to acquire equity or debt instruments of other entities		0.00
	Other cash receipts from sales of interests in joint ventures		0.00
	Other cash payments to acquire interests in joint ventures		0.00
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships		0.00
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships		0.00
	Proceeds from sales of property, plant and equipment		6,660.00
	Purchase of property, plant and equipment		6,85,090.00
	Proceeds from sales of investment property		0.00
	Purchase of investment property		0.00
	Proceeds from sales of intangible assets		0.00
	Purchase of intangible assets		0.00
	Proceeds from sales of intangible assets under development		0.00
	Purchase of intangible assets under development		0.00
	Proceeds from sales of goodwill		0.00
	Purchase of goodwill		0.00
	Proceeds from biological assets other than bearer plants		0.00
	Purchase of biological assets other than bearer plants		0.00
	Proceeds from government grants		0.00
	Proceeds from sales of other long-term assets		0.00
	Purchase of other long-term assets		0.00
	Cash advances and loans made to other parties		0.00
	Cash receipts from repayment of advances and loans made to other parties		0.00
	Cash payments for future contracts, forward contracts, option contracts and swap contracts		0.00
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts		0.00
	Dividends received		0.00
	Interest received		67,370.00
	Income taxes paid (refund)		0.00
	Other inflows (outflows) of cash		4,31,830.00
	Net cash flows from (used in) investing activities	(1,79,230.00)
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries		0.00
	Payments from changes in ownership interests in subsidiaries		0.00
	Proceeds from issuing shares		0.00
	Proceeds from issuing other equity instruments		0.00
	Payments to acquire or redeem entity's shares		0.00
	Payments of other equity instruments		0.00
	Proceeds from exercise of stock options		0.00
	Proceeds from issuing debentures notes bonds etc		0.00
	Proceeds from borrowings		0.00
	Repayments of borrowings		80,000.00
	Payments of lease liabilities		5,31,810.00
	Dividends paid		0.00
	Interest paid		1,94,860.00
	Income taxes paid (refund)		0.00
	Other inflows (outflows) of cash		(200.00)
	Net cash flows from (used in) financing activities		(8,06,870.00)
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes		61,130.00
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents		0.00
	Net increase (decrease) in cash and cash equivalents		61,130.00
	Cash and cash equivalents cash flow statement at beginning of period		25,680.00
	Cash and cash equivalents cash flow statement at end of period		86,810.00