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Vodafone Idea (Vi) only saw a 0.5% increase in its 4G/5G connection base on an year-on-year (YoY) basis, standing at 127.4 million at the end of the latest quarter (Q1FY26), as per the company’s earnings report.
While the 4G/5G connection base saw a slight increase, the company’s overall subscriber base has declined by 5.9%, standing at 197.7 million compared to 210.1 million in the same quarter last year.
While the decline in subscribers continues, Vi emphasises that it has substantially reduced over the past few quarters. “The investments made over the past three quarters to expand our 4G coverage have started yielding results, as reflected in the 90% lower subscriber loss compared to Q2 and Q3 of [the] last financial year, being the lowest subscriber decline since [the] merger,” Vi CEO Akshaya Moondra said about the company’s results.
Key operational metrics:
Total data subscribers: Vi’s data subscribers declined by 1.5% on a YoY basis, reaching 134.8 million at the end of Q1FY26. For context, total data subscribers includes connections across various services (3G/4G/5G).
Postpaid subscribers: Postpaid connections on Vi’s network increased by 10.3% compared to the same quarter last year, standing at 26.6 million currently.
Average revenue per user (ARPU): Blended ARPU for the quarter stood at Rs 165, a 13% increase compared to Q1FY25. Customer ARPU excluding machine-to-machine (M2M) connections stood at Rs 177, marking a 15% YoY improvement driven by tariff revisions and customer upgrades.
Total data volumes: Total data volumes of Vi’s network stood at 6,748 billion MB, a 10.4% YoY increase.
4G data capacity and speed improvements: Vi reported a 36% improvement in its 4G data capacity, and a 24% increase in 4G data speeds across its network. The company aims to increase its 4G population coverage to 90% of the population.
Average data consumption per 4G/5G subscriber: An average 4G/5G user on the network consumes 17,744 MB (or 17.74 GB) of data as of Q1FY26, up from 15,961 MB (15.96 GB) in Q1FY25.
Key Financial metrics:
Revenue from operations: Vi’s revenue for the quarter stood at Rs 11,022.5 crore, a 4.89% increase compared to the same quarter last year when it stood at Rs 10,508.3 crore.
Loss after tax: The company is currently operating at a loss of Rs 6,608.1 crore. This marks a 2.73% increase in the company’s losses on a YoY basis.
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Expenditures for the quarter:
Operational expenses: Operational expenses (opex) for the quarter stood at Rs 6,410.4 crore, a 1.69% increase compared to the same quarter last year.
Capital expenditure: Capital expenditure (capex) for Q1FY26 was Rs 2,440 crore, a 221% increase compared to the Rs 760 crore capex in Q1FY25. In the company’s earnings release, Moondra mentioned that Vi has a goal of taking its capex spend to around Rs 50,000-Rs 55,000 crore.
Network expenses and IT outsourcing costs: Network and IT outsourcing costs for the quarter stood at Rs 2349.3 crore, marking a 1.84% YoY decline in these expenses.
Marketing, content, customer acquisition, and service costs: These costs stood at Rs 1187.5 crore at the end of Q1FY26, a 4.58% YoY increase.
License fees and spectrum usage charges: As of Q1FY26, license fees and spectrum usage charges stood at Rs 947.3 crore, a 6.15% increase compared to the same quarter last year.
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