Vodafone Idea

“Our 3-year targets are unambiguous sustained net addition, double-digit revenue growth and 3x on the cash EBITDA.”

“The supplies and execution basis these orders have already commenced and will continue. We are now focused on accelerating network expansion with these fresh orders to Ericsson, Nokia, Samsung and other partners which will be executed as we moved forward.”

“We have put over 15,500 sites in the last 12 months and 32,000 sites on 4G in the last 2 years, and we see a significant delta being placed.”

“On 5G because you need fiber it might get into the third year of execution as well. So, we maintain and stand on that guidance.”

“Even the net addition for us in postpaid has been consistently positive over the last 6 to 8 quarters, and it's growing.”

“We see a good traction and over the last 1 year, we have actually doubled our net addition as far as the machine-to-machine is concerned, and that trajectory is very strong.”

“No, are no prepaid subscriber as far as the M2M is concerned, they're all postpaid subscriber. It could be a timing gap because there are certain businesses which are the bootstrap business.”

“We delivered our first quarter of positive net subscriber additions since merger and we will continue this momentum.”

“Overall, as a result our data usage in Q1FY27 has increased YoY by nearly 28% to 88.4 Petabyte/day from 69.1 Petabyte/day in Q1FY26.”

“So, this is more a seasonal thing and it will kind of start coming back rather in the month of July, we've already started to see some good traction.”

“between a customer who is a 2G to a 4G customer, you typically see an upgrade value of an ARPU of roughly around Rs. 230 to Rs. 240.”

“when you migrate to a NonStop Hero, which is a truly unlimited you see a delta of Rs. 20 to Rs. 35.”

“The EBITDA margin improved by over 120 basis points from 41.8% to 43.1% during the same period.”

“Having said that, we have seen some inflationary challenges from diesel, etc. So, you might see some impact from that.”

“We have a wholesale line of business, which in this quarter, we have seen a better participation which comes with a higher roaming cost.”

“with internal efficiency and some of it probably might get reflected in the coming quarters. But last 2 quarters, we have been able to offset that internally.”

“Second, I am delighted to share that we were assigned Crisil A-/Stable rating by CRISIL in May 2026 followed by a credit rating upgrade to ICRA A- (Stable) by ICRA in June 2026.”

“That's largely the right way to think about, which is why we said when we have placed orders of close to Rs. 9,000 Crore or Rs. 9,100 Crore, as Abhijit said, that is also leveraging the opening cash balance that we have in the business.”

“Our bank debt has reduced to Rs. 211 Crore as of June 30, 2026 from Rs. 1,926 Crore as of June 30, 2025; a reduction of Rs. 1,715 Crore in last 12 months.”

“The free cash and bank balance stood at Rs. 6,558 Crore as of June 30, 2026.”

“Abhijit has just clarified on the debt for the quarter, we are ending at Rs.3,489 Crore. So that's the 2 constituents that Abhijit mentioned and that was Rs.4,001 Crore in the last quarter.”

“First on the warrants, we have received Rs. 1,183 Crore as part-proceeds from the issue of warrants to our promoter – Aditya Birla Group.”

“I am happy to share that we have successfully raised our first tranche of funding of Rs. 6,400 Crore including partial proceeds of Rs. 1,183 Cr from warrants and debt proceeds”

“This architecture is built on three cohorts. First, is a consortium of public sector banks led by SBI with 6-7 participating banks.”

“We are hopeful of closing the discussions with the PSU banks led by SBI as well as continue work on other debt raise streams.”

“We are confident of that. Hence, at this time, we are more focused on debt versus equity.”

“We also launched ‘Vi Instadata’ nationally, an emergency data service giving eligible prepaid users 1GB of extra data instantly when their daily data limit drops below 10MB with 2 days of validity adjusted from their active pack.”

“Additionally, we also recorded a benefit of Rs. 1,816 Crore in exceptional item on account of fair value adjustment of earmarked shares from CLAM.”

“This remeasurement of fair value will be undertaken in every quarter with its impact adjusted in exceptional items till the shares are liquidated.”

“On the contrary, Sanjesh, I will say that we have seen an increase in our postpaid acquisition as well as retentivity. So, as we speak, we don't see that as a challenge.”

“Quarter 1 typically is a seasonal quarter where we see some customers migrating that from urban to rural market. Those are some of the markets where we feel that our network probably is still not in line with expectations.”

“The revenue for the quarter was Rs. 11,689 Crore, registering a YoY growth of 6.0% and 3.2% improvement on a sequential basis primarily driven by ARPU expansion.”

“The EBIDTA for the quarter crossed Rs. 5,000 Crore mark and reached Rs. 5,034 Crore improving by 9.1% YoY.”

“The cash EBITDA for the quarter improved by 13.5% to Rs. 2,475 Crore vs. the same quarter for last year.”

“Depreciation & Amortisation expenses and Net Finance costs for the quarter were Rs. 5,467 Crore and Rs. 4,925 Crore respectively.”

“Our Customer ARPU grew from Rs. 177 in Q1FY26 to Rs. 195 in Q1FY27, a growth of 10.2% YoY; highest in the industry and a sequential improvement of 2.6%.”