Vodafone Idea Q2 FY27: Loss ₹5,975 Cr, ARPU Rises to ₹198

📶 Vodafone Idea IDEA Q2 FY27 results are out: revenue and ARPU improved, but the reported loss widened. Here is a quick fundamental breakdown. ✅ Net loss: ₹5,975 Cr vs ₹5,524 Cr in Q2 FY26 (company cites adverse mark-to-market impact on treasury assets). Loss excluding exceptional items: ₹5,513 Cr vs ₹5,562 Cr YoY. ✅ Revenue: ₹11,884 Cr, up 6.2% YoY and 1.7% QoQ. ✅ EBITDA: ₹4,981 Cr, up 6.3% YoY; margin 41.9%. Cash EBITDA up 11.2% to ₹2,498 Cr. ✅ Customer ARPU: ₹198 vs ₹195 in Q1 and ₹180 a year ago, helped by customer upgrades. ✅ Subscribers: 194.4 million vs 193.1 million in June (196.7 million a year ago). ✅ Capex: ₹3,946 Cr this quarter; 5G expanding to more cities. ✅ Key watch points: finance costs of ~₹4,975 Cr per quarter, subscriber trend vs Jio and Airtel, tariff moves and funding progress. Operational metrics (ARPU, cash EBITDA, subscriber additions) are slowly improving, yet interest and depreciation still keep the bottom line deep in the red. For a turnaround story, the debt and cash-flow picture matters as much as quarterly revenue growth. 💬 What matters more to you in a telecom turnaround: ARPU growth or subscriber growth? Share your view in the comments. 📲 For daily market notes, search "Neha Gupta SEBI RA" on Telegram and join the FREE channel. Neha Gupta | SEBI Registered Research Analyst | Reg. No. INH000016542 ⚠️ Disclaimer: This content is for educational purposes only and is not investment advice or a buy/sell recommendation. Investments in the securities market are subject to market risks. Read all related documents carefully before investing.