Vodafone Idea Q2 loss widens to ₹5,975 crore

Research Analyst: UJVIN NEVATIA (PROPRIETOR: NEVAT INVESTMENTS) | SEBI Registration No.: INH100009628 Vodafone Idea Limited ( IDEA ) reported a consolidated net loss of ₹5,975 crore in Q2 FY27, compared with ₹5,524 crore in the corresponding quarter last year. Revenue from operations increased 6.2% to ₹11,884 crore. What happened? ARPU: Increased 9.7% year-on-year to ₹198, supported by customer upgrades. EBITDA: Rose 6.3% to ₹4,981 crore year-on-year, but declined 1.1% sequentially. Subscriber base: Increased to 194.4 million from 193.1 million in the previous quarter. Postpaid subscribers: Grew to 33.9 million, recording the highest quarterly addition in nine quarters. Network expansion: 5G coverage reached 400 cities across 17 circles, while the company added around 9,000 broadband towers during the quarter. The company also reported an exceptional loss of ₹462 crore, compared with an exceptional gain of ₹1,611 crore in Q1 FY27. Why does it matter? The improvement in ARPU and subscriber additions indicates progress in customer retention and monetisation. However, high finance costs of ₹5,351 crore and continued network investment remain major financial challenges. My view The operational indicators are improving, but the financial recovery is still incomplete. The adjusted loss, excluding exceptional items, stood at ₹5,513 crore. This shows that the wider reported loss was partly influenced by exceptional accounting items, while underlying losses remain substantial. What I am watching next I would track ARPU growth, subscriber additions, 4G and 5G expansion, cash EBITDA, debt obligations and the company's ability to fund network investments without further straining its balance sheet. No Recommendations Source: NDTV Profit; Vodafone Idea regulatory filing Disclosure: I, my entity, associates or relatives do not have any holding, position or other material interest in Vodafone Idea Limited.