Revenue for the quarter stood at Rs 11,323 crore, up 1.9% YoY.
While reported EBITDA improved by 2.21% YoY to Rs 4,816 crore, reported EBITDA margin expanded to 42.5% in Q3 FY26 from 42.4% in Q3 FY25.
Customer ARPU (ex M2M) was Rs 186 in Q3 FY26 as against Rs 173 in Q3 FY25, up 7.3% YoY.
The company’s 4G/5G subscriber base rose to 128.5 million in Q3 FY26 from 126.0 million in Q3 FY25. Average data usage by 4G/5G subscribers was 19.2 GB/day for Q3 FY26, up 26.7% YoY.
The company said that it had raised Rs 3,300 crore via NCD issue through its subsidiary and the proceeds from this issue would be utilised towards capex.
The Department of Telecommunications has confirmed that Vodafone Idea’s AGR liability has been frozen at Rs 87,695 crore as of 31 December 2025, subject to reassessment. The revised payment structure significantly eases near-term cash outgo, with annual payments capped at Rs 124 crore over the next six years, followed by Rs 100 crore annually for four years, and the balance payable later without additional interest.
Abhijit Kishore, CEO, Vodafone Idea, said “This quarter marked an important inflection point for the company with positive resolution of key legacy issues.
We are thankful to the Government for offering a definitive, long-term and conclusive solution on the AGR matter. We also concluded the settlement of CLAM receivable of Rs 6,394 crore with the Vodafone Group.
One of the key milestones for the quarter was the successful NCD raise of Rs. 3,300 Crore, despite an AGR overhang; a clear reflection of lender confidence on our ability to improve the business performance.
Collectively, these developments have strengthened the trajectory of our debt discussions which will enable us to execute our larger capex plan to strengthen the network and further elevate the customer experience.
On the operational side, our market initiatives translated into deeper customer engagement with ARPU and data consumption improving sequentially.”
Vodafone Idea is an Aditya Birla Group and Vodafone Group partnership. It is amongst India’s leading telecom service providers. The company holds a large spectrum portfolio including mid band 5G spectrum in 17 circles and mmWave spectrum in 16 circles. The company provides Voice and Data services across 2G, 4G and 5G platforms and is expanding 5G services across 17 circles.