In Q2 FY26, EBITDA increased 2.97% year-on-year to Rs 4,685.1 crore, while the EBITDA margin improved to 41.9%.

Capex for the quarter stood at Rs 17,500 crore. As on September 30, 2025, the debt from banks was Rs 15,300 crore and the cash and bank balance stood at Rs 30,800 crore.

The average revenue per user (ARPU) rose 8.7% to Rs 180 in Q2FY26 compared to Rs 166 in Q2FY25, supported primarily by customer upgrades and tariff increase. The company’s total subscriber base stood at 196.7 million. It closed the quarter with 127.8 million 4G/5G subscribers, up from 125.9 million in the same period last year.

The company’s 4G data capacity expanded by over 38%, driving a 17% improvement in 4G speeds in September, 2025 as compared to March, 2024. It also plans to deploy 12 million smart metering solutions in next 3 years, aiming to strengthen its presence in India’s smart energy and IoT led revenue growth.

On half-yearly basis, the consolidated net loss narrowed to Rs 12,132.30 crore in H1 FY26 compared with net loss of Rs 13,608 crore in H1 FY25.

India’s third-largest telecom operator, Vodafone Idea is backed by Aditya Birla Group and Vodafone Group. The company holds 5G spectrum in 17 circles and mmWave spectrum in 16 circles, offering services across 2G, 4G and expanding 5G networks.