Vodafone Idea share price jumped over 3% in early trade on Tuesday after the telecom operator reported narrowing of losses in the September quarter sequentially, led by a one-time interest expense reversal. Vodafone Idea shares gained as much as 3.25% to ₹9.82 apiece on the BSE.
Vodafone Idea reported a consolidated ₹5,524.2 crore”>net loss of ₹5,524.2 crore in the second quarter of FY26, down from ₹7,175.9 crore in the same period last year. The telco had posted a net loss of ₹6,608.1 crore in the first quarter.
The company’s revenue from operations in Q2FY26 grew 2.4% to ₹11,194.7 crore from ₹10,932.2 crore, year-on-year (YoY). Revenue increased 1.5% sequentially, led by higher average revenue per user (ARPU).
The Customer ARPU rose to ₹180 in Q2FY26 compared to ₹166 in Q2FY25, a YoY increase of 8.7% supported primarily by customer upgrades and tariff increase, Vodafone Idea said.
The company’s total subscriber base stood at 196.7 million, and it closed the quarter with 127.8 million 4G/5G subscribers, up from 125.9 million in the same period last year.
At the operational level, EBITDA during the September quarter was at ₹4,690 crore, while cash EBITDA (excluding Ind AS 116 impact) was ₹2,250 crore, lower than ₹2,320 crore in Q2FY25.
Vodafone Idea’s gross debt, including accrued interest, stood at ₹2.03 lakh crore, comprising ₹2.01 lakh crore in deferred spectrum and AGR liabilities. Its debt from banks stood at ₹1,530 crore, while its cash and bank balance was ₹3,080 crore, as of September 30, 2025.
Foreign brokerage firm Citi maintained a ‘Buy’ rating on Vodafone Idea shares, with a target price of ₹14 per share, implying an upside of more than 47% from its previous close price.
UBS maintained a ‘Neutral’ call, with Vodafone Idea share price target of ₹9.7 apiece.
Vodafone Idea Share Price Performance
Vodafone Idea share price has risen 11% in one month and has jumped 51% in three months. The telecom stock has rallied 50% in the past six months, while it has gained 25% on a year-to-date (YTD) basis. The penny stock has fallen 27% in two years, while it has risen 18% in the past five years.
At 9:30 AM, Vodafone Idea share price was trading 2.10% higher at ₹9.71 apiece on the BSE.
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