| 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 | 27-01-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 21-01-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Third quarter |
| Nature of report standalone or consolidated | Standalone |
| 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 | 27-01-2026 17:30:00 |
| End date and time of board meeting | 27-01-2026 19:30:00 |
| Whether cash flow statement is applicable on company | |
| Type of cash flow statement | |
| Declaration of unmodified opinion or statement on impact of audit qualification | Not applicable |
| Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? | Yes |
| No. of times funds raised during the quarter | 1 |
| Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? | No |
| There is no default. | |
| 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 | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| 1 | Income | ||
| Revenue from operations | 11,21,400.00 | 33,18,800.00 | |
| Other income | 19,900.00 | 45,600.00 | |
| Total income | 11,41,300.00 | 33,64,400.00 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 0.00 | 0.00 |
| (b) | Purchases of stock-in-trade | 0.00 | 0.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | 0.00 | 0.00 |
| (d) | Employee benefit expense | 54,700.00 | 1,58,600.00 |
| (e) | Finance costs | 5,80,400.00 | 16,45,200.00 |
| (f) | Depreciation, depletion and amortisation expense | 5,40,300.00 | 16,15,500.00 |
| (f) | Other Expenses | ||
| 1 | Network Expenses and IT outsourcing Costs | 2,51,100.00 | 7,53,400.00 |
| 2 | License Fees and Spectrum Usage Charges | 96,900.00 | 2,87,200.00 |
| 3 | Roaming & Access Charges | 1,16,000.00 | 3,41,000.00 |
| 4 | Marketing, Content, Customer Acquisition & Service Costs | 1,14,800.00 | 3,52,900.00 |
| 5 | Other Expenses | 27,700.00 | 84,200.00 |
| Total other expenses | 6,06,500.00 | 18,18,700.00 | |
| Total expenses | 17,81,900.00 | 52,38,000.00 | |
| 3 | Total profit before exceptional items and tax | (6,40,600.00) | (18,73,600.00) |
| 4 | Exceptional items | 1,08,200.00 | 1,19,600.00 |
| 5 | Total profit before tax | (5,32,400.00) | (17,54,000.00) |
| 6 | Tax expense | ||
| 7 | Current tax | 0.00 | 0.00 |
| 8 | Deferred tax | 0.00 | 0.00 |
| 9 | Total tax expenses | 0.00 | 0.00 |
| 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 | (5,32,400.00) | (17,54,000.00) |
| 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 | (5,32,400.00) | (17,54,000.00) |
| 17 | Other comprehensive income net of taxes | 200.00 | (300.00) |
| 18 | Total Comprehensive Income for the period | (5,32,200.00) | (17,54,300.00) |
| 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 | -0.49 | -1.63 | |
| Diluted earnings (loss) per share from continuing operations | -0.49 | -1.63 | |
| 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 | -0.49 | -1.63 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | -0.49 | -1.63 | |
| 24 | Debt equity ratio | ||
| 25 | Debt service coverage ratio | ||
| 26 | Interest service coverage ratio | ||
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | Notes 1. The above unaudited financial results, 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 January 27, 2026. 2In 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 Department of Telecommunication (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 October 27, 2025 and November 3, 2025, has stated that comprehensive reassessment/reconciliation of all AGR dues falls within the policy domain of the Government of India (GoI) and DoT could re-assess and reconcile all AGR dues including interest and penalty up to the said period. As at December 31, 2025, the Company is carrying AGR liability of Rs 80,502 Cr, which as per original agreement was payable in six equal instalments starting from March 31, 2026. Subsequently, on January 8, 2026, the Company has received communication from DoT that: - The AGR dues (Principal + Interest + Penalty and Interest on Penalty) of the Company (for the period from FY 2006-07 to FY 2018-19) as of December 31, 2025 shall be frozen and shall be payable as follows: (a) Maximum Rs. 124 Cr to be paid annually over next 6 years i.e. March 2026 to March 2031; (b) Rs. 100 Cr to be paid annually over next 4 years i.e. March 2032 to March 2035; (c) The remaining re-assessed AGR dues, without further interest, has to be paid in equal installments annually over 6 years, i.e. March 2036 to March 2041. - A committee is to be constituted by DoT to reassess the AGR dues, whose decision shall be final and the Company has given an undertaking to DoT that the outcome of such reassessment shall be final and binding upon the Company. The DoT, vide its communication of even date, has confirmed that the AGR dues frozen as on December 31, 2025 amount to Rs. 87,695 Cr, which is, however, subject to reassessment. The above being non-adjusting event in accordance with IND AS 10, no effect has been given in the financial results. 3. The Company has incurred a loss of Rs. 17,540 Cr for the nine months ended December 31, 2025 and net worth stands at negative Rs. 87,400 Cr at that date. - As at December 31, 2025, the Company’s outstanding debt from banks and others (including interest accrued but not due) is Rs. 1,140 Cr, and instalments payable, as scheduled, by December 2026 is Rs 1,126 Cr and interest thereon. - As at December 31, 2025, Deferred payment obligation (including interest accrued but not due) of Rs. 124,877 Cr towards Spectrum and Rs. 80,502 Cr towards AGR (subject to note 2 above), and instalments payable, as scheduled, by December 2026 is Rs. 7,001 Cr. As of date, the Company 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. Based on recent developments with respect to AGR matter as mentioned in Note 2 above, the Company is confident of generating sufficient cash flow from operations to meet its obligations including lenders, spectrum and AGR dues payable over the next 12 months as and when they fall due. Accordingly, these financial results have been prepared on a going concern basis. 4. As at December 31, 2025, assets include amounts recorded as recoverable from the promoters of erstwhile Vodafone India Limited (“VInL”) under the Implementation agreement (IA) executed on March 20, 2017 which was amended as on December 31, 2025. Both parties have agreed to settle such recoverable as follows: - An amount of Rs. 2,307 Cr (based on exchange rate as of the date of the Amendment Agreement), will be released by the Vodafone Group Promoters over the next 12 months, subject to and in accordance with the terms agreed in the Amendment Agreement. - A portion of the Settlement amount is secured through the earmarking of 328 Cr equity shares of the Company by certain Vodafone Group entities for a period of five years. Proceeds from sale of these shares as and when undertaken, at the instructions of a person authorised/ appointed by the Company, will accrue to the Company. As on the date of the Amendment Agreement, the fair market value of such earmarked shares on December 31, 2025 stands at Rs. 3,302 Cr (arrived basis closing market price of the Company as quoted on National Stock Exchange of India Limited, adjusted for transaction and other incidental cost). - Accordingly, difference between the carrying amount of Rs. 6,394 Cr and fair value of such recoverable assets basis above settlement mechanism is recognised as loss on remeasurement of Settlement assets. In addition, certain provisions were written back and these are disclosed as “Provisions written back net of loss on remeasurement of Settlement assets” of Rs. 1,228 Cr under “Exceptional Items”. 5. The Company operates only in one reportable segment i.e. Mobility and hence no separate disclosure is required for Segments. 6. The Government of India has consolidated 29 existing labour legislations into a united framework comprising four Labour Code viz Code on wages 2019, Code on Social Security 2020, Industrial Relation Code 2020, and Occupational Safety, Health and Working Condition Code 2020 (collectively referred to as the Labour Codes). These Codes have been made effective from November 21, 2025. The labour codes, amongst other things introduces changes, including a uniform definition of wages. The Company has assessed the financial implications of these changes which has resulted in increase in gratuity and Leave liability arising out of past service cost amounting to Rs. 146 Cr and same has been disclosed under “Exceptional items” as “Impact of Labour code”. The Company continues to monitor the finalisation of Central / State Rules and clarifications from the Government on other aspects of the Labour Code and would provide appropriate accounting effect, if any, on the basis of such developments as needed. 7. Effective current quarter, the Company has presented the financial results in Indian Rupees (INR) crores to adopt a more standard approach of effective communication. Previous period figures have also been accordingly presented in Indian Rupees (INR) crores. 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: January 27, 2026 Place: Gurugram |
|---|
| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| 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 | 01-10-2025 | 01-04-2025 | |||||
| Date of end of reporting period | 31-12-2025 | 31-12-2025 | |||||
| Whether results are audited or unaudited | Unaudited | Unaudited | |||||
| Nature of report standalone or consolidated | Standalone | Standalone | |||||
| 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 | |||||||
| 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 | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| 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 | 200.00 | (300.00) |
| Total Amount of items that will not be reclassified to profit and loss | 200.00 | (300.00) | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | 0.00 | 0.00 |
| 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 | 200.00 | (300.00) |
| Mode of Fund Raising | Public Issues |
|---|---|
| Description of mode of fund raising (Applicable in case of others is selected) | |
| Date of Raising Funds | 23-04-2024 |
| Amount Raised | 18,00,000.00 |
| Report filed for Quarter ended | 31-12-2025 |
| Monitoring Agency | Applicable |
| Monitoring Agency Name, if applicable | CARE Ratings Limited |
| Is there a Deviation / Variation in use of funds raised | No |
| If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders | |
| If Yes, Date of shareholder Approval | |
| Explanation for the Deviation / Variation | NA |
| Comments of the Audit Committee after review | No Comments |
| Comments of the auditors, if any | No Comments |
| Sr. | Original Object | Modified Object, if any | Original Allocation | Modified allocation, if any | Funds Utilised | Amount of Deviation/Variation for the quarter according to applicable object | Remarks if any |
| 1 | Purchase of equipment for the expansion of our network infrastructure by: (a) setting up new 4G sites; (b) expanding the capacity of existing 4G Sites and new 4G sites; and (c) setting up new 5G sites | NA | 12,75,000.00 | 10,49,200.00 | 9,00,419.00 | 0.00 | Pursuant to resolution passed by the Board of Directors on May 30, 2025, the amount raised through FPO has been re-allocated between the specified objects. |
| 2 | Payment of certain deferred payments for spectrum to the DoT and the GST thereon | NA | 2,17,532.00 | 4,43,332.00 | 4,43,280.00 | 0.00 | Pursuant to resolution passed by the Board of Directors on May 30, 2025, the amount raised through FPO has been re-allocated between the specified objects. |
| 3 | General corporate purposes | NA | 2,68,888.00 | 0.00 | 2,68,888.00 | 0.00 |
| Name of signatory | Pankaj Kapdeo |
| Designation of person | Company Secretary and Compliance Officer |
| Place | Mumbai |
| Date | 27-01-2026 |