Vodafone Idea Returns To Profit After Six Years, AGR Relief Pushes Q4 Net Profit Near ₹52,000 Crore
· Free Press Journal
Mumbai: Telecom operator Vodafone Idea posted a consolidated net profit of Rs 51,970 crore for the January-March quarter of FY26.
This is the company’s first profit in nearly six years. In the same quarter last year, Vodafone Idea had reported a loss of Rs 7,167 crore.
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The sharp jump in profit mainly came due to a major reduction in the company’s statutory liabilities related to adjusted gross revenue (AGR) dues.
Vodafone Gets ₹23,649 Crore Relief On AGR Dues, To Pay ₹64,046 Crore After DoT ReassessmentAGR Relief Boosts Earnings
The Department of Telecommunications (DoT) had earlier informed Vodafone Idea that its AGR dues stood at Rs 87,695 crore as of December 31, 2025.
Later, after reassessment by a special committee, the dues were revised down to Rs 64,046 crore for the period between FY07 and FY19.
Following this revision, Vodafone Idea reduced its financial liability from Rs 80,502 crore to Rs 24,880 crore.
The company said the difference amount of around Rs 55,622 crore was credited to its profit and loss statement, leading to the huge quarterly profit.
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Despite reporting a record profit, Vodafone Idea’s core business operations remained weak.
Before considering exceptional gains from AGR relief, the company posted an operational loss of around Rs 5,515 crore during the quarter.
For the full financial year FY26, operational losses stood at about Rs 24,059 crore.
Indus Towers Q3 FY26 Net Profit Plunges 55.6% To ₹1,776 Crore Amid AGR Relief Boost For Vodafone IdeaRevenue and Customer Base Improve
Vodafone Idea’s revenue from operations rose nearly 3 per cent to Rs 11,332 crore during the quarter.
The company also saw some stability in its subscriber base after facing customer losses for several years.
Its total subscriber base stood at 19.28 crore users during the quarter.
The average revenue per user (ARPU) increased to Rs 190, helped by customers upgrading to higher-value plans. Though it remained the lowest among private telecom operators, the yearly growth in ARPU was the highest in the industry at 8.3 per cent.
Supreme Court AGR Relief Marks Turning Point For Vodafone Idea: KM BirlaDebt Burden Still High
As of March 31, 2026, Vodafone Idea’s deferred payment obligations remained very high.
The company owed Rs 1.27 lakh crore towards spectrum liabilities and Rs 25,254 crore towards AGR dues.
Vodafone Idea also spent Rs 8,742 crore on capital expenditure during FY26 as it continued network expansion and upgrades.