Vodafone Idea Ltd. (Vi) has released its financial results for the first quarter (Q1) of FY26, reporting a net loss of ₹6,608 crore. While the loss is higher than last year’s ₹6,432 crore, it shows an improvement compared to the March quarter (Q4 FY25), when the company had posted a bigger loss of ₹7,166 crore.
Despite the continuing financial challenges, investors found reasons for optimism, reflected in a sharp jump in the company’s share price after the announcement.

Vodafone Idea Share Price Reacts Positively to Results
Immediately after the results were made public, Vodafone Idea’s shares saw strong buying interest. On the Bombay Stock Exchange (BSE), the stock climbed to ₹6.68, a rise of nearly 8.6%. According to market data reported by multiple sources, including Business Standard and The Economic Times, the stock gained momentum and delivered intraday gains of about 9% on Monday, August 18.
Livemint also highlighted the sharp rally, noting that investors appeared to cheer the company’s revenue growth and stronger-than-expected performance in key operating metrics. Other sources such as Value Research Online and Zee Business mentioned that the stock traded in the range of 5–8% higher during the day, reinforcing the fact that market sentiment turned slightly positive for the company, even as it continues to face heavy financial stress.
Revenue and Operational Performance Show Strength
While Vodafone Idea is still in deep losses, the company’s Q1 FY26 performance displayed some encouraging aspects that gave investors confidence.
- Revenue Growth: The company reported revenue of around ₹11,022–₹11,023 crore from operations. This figure is about 5% higher compared to the same quarter last year, though it remained nearly flat compared to the March quarter. Analysts see this as a sign of stability in Vi’s business despite ongoing competition in the telecom sector.
- ARPU Beats Estimates: Average Revenue Per User (ARPU), a crucial indicator of telecom performance, came in at ₹177. This was not only higher than last year but also above market expectations of ₹167, as reported by Moneycontrol and Reuters. A rising ARPU indicates that customers are either spending more on services or shifting to higher-value plans.
- 5G Expansion: Another highlight of the quarter was Vodafone Idea’s progress in rolling out its 5G services. The company announced that its 5G network has now expanded to 22 cities across India. This expansion is expected to boost customer experience and open up new revenue opportunities in the future.
- EBITDA Margin Improvement: Vodafone Idea also managed to strengthen its operating profitability. The company’s EBITDA margin rose to 41.8%, a healthy improvement that signals better cost efficiency and stronger business fundamentals.
These operational achievements, despite heavy net losses, provided the silver lining that helped improve investor sentiment in the stock market.
Leadership Change: New CEO Takes Charge
Alongside financial results, Vodafone Idea also announced a significant change in its leadership team. The company’s Chief Operating Officer (COO), Abhijit Kishore, has been appointed as the new Chief Executive Officer (CEO) with effect from August 18, 2025. His appointment is for a three-year term.
Kishore will replace Akshaya Moondra, who has completed his tenure as CEO. The leadership change comes at a crucial time when the company is grappling with political, regulatory, and financial challenges. Market observers believe that a new CEO could bring fresh strategies and renewed energy to guide Vodafone Idea through its recovery journey.
Industry analysts suggest that Kishore’s prior experience in operations could be valuable in driving growth in customer base, 5G rollout, and financial restructuring efforts. The timing of this change indicates the company’s intent to balance stability with transformation as it navigates the next phase of its business.
Challenges Ahead But Signs of Hope
Despite the optimism in the stock market and some positive operational results, Vodafone Idea’s challenges remain significant. The company is still burdened with heavy debt and continues to post multi-thousand-crore quarterly losses. To remain competitive against industry leaders like Reliance Jio and Bharti Airtel, Vodafone Idea will need fresh capital infusion, stronger subscriber growth, and faster network expansion.
However, the recent results do provide a few glimmers of hope. The increase in ARPU, growth in revenue, and improvement in operating margins suggest that the company is making progress, albeit slowly. The successful expansion of 5G services to 22 cities also signals that Vodafone Idea is not being left behind in India’s telecom revolution.
For now, investors appear to be cautiously optimistic, as reflected in the stock’s rally after the Q1 FY26 results. Whether the company can sustain this momentum will depend largely on its ability to manage debt, attract new subscribers, and capitalize on its 5G rollout under the guidance of its new CEO.
F.A.Q.
– What was Vodafone Idea’s net loss in Q1 FY26?
Vodafone Idea reported a net loss of ₹6,608 crore in Q1 FY26. This is higher than last year’s ₹6,432 crore but an improvement compared to the March 2025 quarter loss of ₹7,166 crore.
– How did Vodafone Idea’s share price react to the Q1 results?
Despite the heavy loss, Vodafone Idea’s stock surged by 5–9% intraday on August 18, 2025. On the BSE, shares touched ₹6.68, reflecting strong investor sentiment.
– Who is the new CEO of Vodafone Idea?
Abhijit Kishore, the former COO, has been appointed as the new CEO of Vodafone Idea from August 18, 2025, replacing Akshaya Moondra. His term will last for three years.
– What challenges does Vodafone Idea still face?
Vodafone Idea continues to struggle with heavy debt, quarterly losses, and intense competition from Reliance Jio and Bharti Airtel. The company also needs fresh capital infusion to expand its network and sustain growth.
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