Vodafone Idea's Q2 loss widens to ₹5,975 cr; co raises additional ₹4K cr

Vodafone Idea’s (Vi’s) losses widened to ₹5,975 crore in the second quarter of 2026-27 (Q2FY27), compared with ₹5,524 crore in Q2FY26. The bottom line was pulled down by a ₹462 crore exceptional loss from reassessing the fair market value of Vodafone Plc equity shares, which accrue to the company over five years under a 2018 settlement. 

Consistent rise in subscribers and shift by more users to higher-value 4G and 5G services led to higher average revenue per user (Arpu). Revenue from operations grew about 6 per cent year-on-year (Y-o-Y) to ₹11,884 crore from ₹11,195 crore. The earnings missed Bloomberg estimates that had projected narrower losses and slightly higher than reported revenues.  

The No. 3 carrier secured ₹4,000 crore additional funding in Q2FY27, taking its total funds raised to around ₹10,500 crore, including ₹6,400 crore raised in Q1FY27, Vi said in a statement. This is part of the ₹25,000-35,000 crore funding the firm is seeking through funded and non-funded facilities, with discussions under way with banks. 

Vi Chief Executive Officer (CEO) Abhijit Kishore said, “Our focus continues to remain firmly on execution.”  

Earnings before interest, taxes, depreciation, and amortisation (Ebitda) for the quarter stood at ₹4,981 crore, an annual increase of 6.3 per cent. Vi’s Arpu increased to ₹198, up 9.7 per cent Y-o-Y, the highest growth in the industry.  

Offers Esops  

In a first, the telco offered 9.5 million stock options to  eligible employees, comprising 5.4 million options and 4.1 million performance stock units under Vodafone Idea Limited Employee Stock Option and Performance Stock Unit Scheme 2024. Each option and unit will be convertible into one fully paid-up equity share having face value of ₹10. The options have been priced at ₹12.88 each, based on the market price of November 11. 

The stock closed at ₹12.98 on the BSE on Thursday.