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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Vodafone Idea Ltd

Vodafone Idea Q2 FY27 Results: Revenue at Rs. 11,884 Cr, ARPU Rs. 198

RESULTS ▲ Positive Development HIGH RISK
📅 Filed on BSE: 12 Nov 2026, 06:58 PM IST  ·  BSE ID: 82b3384e-8425-45a3-8614-5aa93ec73b4d
View Original BSE Filing (PDF)
💡
In Simple Terms
The telecom company announced its latest financial results, showing an increase in revenue, profit before interest, tax, depreciation, and amortization, and customer spending.
🤖 AI Summary
  • Vodafone Idea reported Q2 FY27 revenue from operations of Rs. 11,884 Cr, a 6.2% Year-on-Year increase.
  • EBITDA for Q2 FY27 was Rs. 4,981 Cr, reflecting a 6.3% Year-on-Year growth.
  • Subscriber base stood at 194.4 million, including 131.0 million 4G/5G subscribers as of September 30, 2026.
  • Customer Average Revenue per User (ARPU) increased to Rs. 198 in Q2 FY27, up 9.7% Year-on-Year.
  • Capex for Q2 FY27 stood at Rs. 3,946 Cr, with bank debt at Rs. 943 Cr as of September 30, 2026.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Revenue from Operations (Q2 FY27)
Rs. 11,884 Cr
6.2%
EBITDA (Q2 FY27)
Rs. 4,981 Cr
6.3%
Profit After Tax (PAT) (Q2 FY27)
(5,975) Cr
Customer ARPU (Q2 FY27)
Rs. 198
9.7%
Total Subscriber Base (EoP Q2 FY27)
194.4 mn
4G/5G Subscribers (EoP Q2 FY27)
131.0 mn
Capex (Q2 FY27)
Rs. 3,946 Cr
🏢 How This Affects the Company
📈
Business Impact
Revenue from operations increased by 6.2% YoY, supported by a 9.7% YoY increase in customer ARPU and growth in 4G/5G subscriber base to 131.0 million. The expansion of 5G coverage to 400 Indian cities and towns, alongside 22,500 new unique broadband towers added over 12 months, enhances network reach and customer offerings.
💰
Financial Impact
EBITDA grew by 6.3% YoY to Rs. 4,981 Cr, while Cash EBITDA increased 11.2% YoY to Rs. 2,498 Cr. The company's bank debt reduced to Rs. 943 Cr, with cash and bank balance at Rs. 5,470 Cr as of September 30, 2026, indicating liquidity improvement.
⚙️
Operational Impact
Significant capital expenditure of Rs. 3,946 Cr for the quarter, combined with orders worth over Rs. 13,200 Cr for three-year capex guidance, indicates ongoing network expansion and upgrades. The addition of nearly 9,000 unique broadband towers in Q2 FY27 marks the highest quarterly addition in nine quarters.
⚠️
Risk Impact
Reported loss for the quarter was higher at Rs. 5,975 Cr compared to Rs. 5,527 Cr in Q2 FY26, primarily due to adverse impact of mark-to-market of treasury assets. The company continues to report net losses despite operational improvements.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this financial results filing.
👤
Who Is Affected
All shareholders are affected by the company's financial performance, particularly the reported net loss of Rs. 5,975 Cr and the growth in revenue and ARPU.
🔍
Management Signal
Management is signaling a continued focus on network expansion, ARPU improvement through customer upgrades, and securing funding for capital expenditure to drive future growth.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Q3 FY27 results — monitor revenue and ARPU trends for sustained growth.
Funding updates — track progress on securing and utilizing planned funding.
Network expansion reports — evaluate 5G and 4G coverage rollout milestones.
HIGH RISK The company continues to report significant net losses, indicating ongoing profitability challenges despite revenue growth.
💡 Investor Takeaway
Vodafone Idea's Q2 FY27 revenue from operations increased 6.2% YoY to Rs. 11,884 Cr, with EBITDA up 6.3% YoY to Rs. 4,981 Cr. Customer ARPU improved 9.7% YoY to Rs. 198, supported by subscriber upgrades and network expansion. Net loss for the quarter was Rs. 5,975 Cr.
⚖️ Strengths & Concerns

✅ Positives

  • Revenue from Operations increased to Rs. 11,884 Cr in Q2 FY27, a 6.2% YoY growth, demonstrating top-line expansion.
  • Customer ARPU rose to Rs. 198 in Q2 FY27, a 9.7% YoY increase, driven by customer upgrades and improved monetization.

⚠️ Concerns

  • Reported loss for Q2 FY27 was Rs. 5,975 Cr, higher than Rs. 5,527 Cr in Q2 FY26, impacted by treasury asset valuation.
  • Net finance costs for Q2 FY27 remained substantial at Rs. 4,975 Cr, continuing to impact profitability.
📅 Company Track Record
Vodafone Idea's Q2 FY27 revenue from operations of Rs. 11,884 Cr continues the trend observed in Q1 FY27 (Rs. 11,689 Cr) and Q4 FY26 (Rs. 11,332 Cr). The Q2 FY27 ARPU of Rs. 198 also reflects a continuous increase from Rs. 195 in Q1 FY27, Rs. 190 in Q4 FY26, Rs. 186 in Q3 FY26, and Rs. 180 in Q2 FY26. The company's board had previously met to approve Q1 FY27 results and FY26 results, indicating a regular reporting cycle.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What was Vodafone Idea's revenue from operations in Q2 FY27?
Vodafone Idea's revenue from operations for Q2 FY27 was Rs. 11,884 Cr, representing a 6.2% Year-on-Year growth.
What was the Customer ARPU for Vodafone Idea in Q2 FY27?
The Customer Average Revenue per User (ARPU) for Vodafone Idea in Q2 FY27 increased to Rs. 198, a 9.7% Year-on-Year increase from Rs. 180 in Q2 FY26.
What was Vodafone Idea's EBITDA in Q2 FY27?
Vodafone Idea reported an EBITDA of Rs. 4,981 Cr in Q2 FY27, which is a 6.3% Year-on-Year growth.
What was Vodafone Idea's net loss in Q2 FY27?
Vodafone Idea reported a net loss of Rs. 5,975 Cr for Q2 FY27. Loss adjusted for exceptional items was Rs. 5,513 Cr, compared to Rs. 5,562 Cr in Q2 FY26.
How much capital expenditure (Capex) did Vodafone Idea incur in Q2 FY27?
Vodafone Idea's capital expenditure (Capex) for Q2 FY27 stood at Rs. 3,946 Cr.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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