The Vodafone Idea share has jumped over 6% to an intra-day high. The big trigger was the fact that Vodafone Idea narrowed its consolidated net loss YoY in Q2FY26 to Rs 5,524 crore as against Rs 7,176 crore in the same period a year ago.
Vodafone Idea net debt
The telecom giant’s Q2 revenue from operations increased 2.4% to Rs 11,194 crore compared to Rs 10,932 crore reported in the corresponding quarter a year back. The company’s customer Average Revenue Per User stood at Rs 180 in Q2 FY26, an increase of 8.7% YoY from Rs 166 in Q2 FY25.
The company’s debt from banks reduced to Rs 1,542 crore in the September quarter from Rs 3,250 crore.
“As of September 30, the Group’s outstanding debt from banks (including interest accrued but not due) is Rs 1542.1 crore and deferred payment obligation (including interest accrued but not due) towards Spectrum which is payable over the years till FY2044 and AGR, which is payable over the years till FY2031, aggregates to Rs 2,01,409 crore” the company filing said.
Vodafone Idea non-executive chairman Ravinder Takkar, in a note, said that the group’s ability to settle its debt liabilities is dependent on reconsideration or re-assessment of AGR dues, including Interest and Penalty up to FY 2016-17 by DoT, fund raise through equity and debt and generation of cash flow from operations.
“Based on current efforts and recent directions by the Hon’ble Supreme Court, the Group believes that it would be able to get DoT support, successfully arrange funds and generate cash flow from operations,” Takkar said.
Vodafone Idea AGR dues
Apart from the quarterly results, the company has been in focus on the back of the Supreme Court decision on the AGR dues. Vodafone Idea has to pay the first AGR instalment of Rs 16,428 crore in the current fiscal, following the end of a four-year moratorium availed by it under the Telecom Reforms Package 2021.
The Supreme Court said the government could reassess the quantum of the firm’s telecom dues. The telecom operator’s consolidated loss after tax narrowed to Rs 5,524 crore ($628.5 million) in the quarter ended September 30, from a loss of Rs 7,176 crore last year.
Vodafone Idea stock performance
The share price of Vodafone Idea has risen 7% in the last five trading days. The stock has given a return of 15% in the past one month and 42% in the last six months. Vodafone Idea’s stock price has raised investors’ wealth by 28% in the past year.
