Vodafone Idea’s quarterly loss widens despite 6.2% revenue.

Vodafone Idea IDEA reported a consolidated net loss of ₹5,975 crore for the September 2026 quarter, compared with ₹5,524 crore a year earlier. Revenue from operations rose 6.2% to ₹11,884 crore. The company attributed the wider reported loss to a decline in the market value of treasury assets. Excluding exceptional items, the loss narrowed slightly to ₹5,513 crore from ₹5,562 crore. Average revenue per user rose to ₹198 from ₹180 a year earlier, helped by customers upgrading their plans. The company ended the quarter with 131 million 4G and 5G subscribers, up from 127.8 million a year earlier, while its total subscriber base fell to 194.4 million from 196.7 million. Capital expenditure reached ₹3,946 crore, more than double the previous quarter’s level. What I’m watching — Total subscriber growth, average revenue per user, and the pace of network spending. Stance — Higher revenue per user and growth in 4G and 5G subscribers are encouraging. The next test is whether those gains can meaningfully narrow the underlying loss. Disclosure — This post is for educational purposes only and does not constitute investment advice or a buy or sell recommendation