Vodafone Idea Q4 results: Vodafone Idea Q4 results for FY2025 signal early signs of a turnaround for the financially troubled telco. While the company reported a net loss of ₹7,166 crore, it’s a narrower setback than the ₹7,674.6 crore loss in the same period last year. With a 3.8% increase in revenue, stronger ARPU, and the launch of 5G in major metros, the telecom operator is working aggressively to revive its operations and regain investor confidence.
Vodafone Idea Q4 results: Strong ARPU Growth and Revenue Momentum
For Q4FY25, Vodafone Idea’s revenue climbed to ₹11,013.5 crore, driven by tariff hikes and customer upgrades. The average revenue per user (ARPU) jumped 14.2% YoY to ₹175, up from ₹153 a year ago. This reflects growing monetisation efficiency and improved customer quality, despite intense competition in the telecom space.
On a full-year basis, Vodafone Idea’s revenue grew 2.2% YoY to ₹43,570 crore. Cash EBITDA (excluding Ind-AS 116 impact) improved by 9.5% to ₹9,200 crore. This marks the third straight year of revenue and EBITDA growth, hinting at gradual recovery despite the company’s high leverage.
CEO Akshaya Moondra highlighted that this was Vodafone Idea’s best quarter in five years in terms of average daily revenue and reduced subscriber loss. He also noted that the telecom giant is better placed now to leverage India’s digital growth wave.
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Capex at Record High and 5G Services Begin
Vodafone Idea Q4 results showed a surge in capital expenditure to ₹4,230 crore – the highest since its merger. The total FY25 capex stood at ₹9,570 crore. This capital push has enabled the company to begin its much-awaited 5G rollout.
The telco launched 5G services in Mumbai, Delhi, Chandigarh, and Patna, and plans to expand across all 17 circles by August 2025. With spectrum in place and infrastructure build-up underway, VI is aligning itself with competitors in the ultra-high-speed connectivity race.
Fundraising Boost and Debt Update: Turning the Tide?
A major highlight of Vodafone Idea Q4 results was the board’s approval to raise ₹20,000 crore to improve financial stability and fund future capex. A Capital Raising Committee has been tasked to explore options including equity, debt, or hybrid instruments.
On the liability front, bank debt has reduced significantly from ₹4,040 crore to ₹2,330 crore. The company also held a strong cash and bank balance of ₹9,930 crore as of March 2025. However, the deferred spectrum and AGR liabilities still amount to ₹1.94 lakh crore – a concern that will require sustained operational cash flow and regulatory support.
Despite the Supreme Court’s recent dismissal of VI’s plea for AGR relief, the company remains optimistic about engaging with the government for a possible resolution based on projected cash flows.
Share Price Performance and Outlook for Investors
Vodafone Idea’s share price has remained volatile amid fundraising news and regulatory uncertainty. Following the of announcement Vodafone Idea Q4 results, shares saw a slight uptick as investors reacted positively to the narrowed loss, ARPU boost, and 5G progress.
Vodafone Idea share traded at ₹6.92 on Friday making an intraday high of ₹7.17.

However, caution still surrounds the stock due to its high debt and negative net worth of ₹70,320 crore. The company acknowledged that its going-concern status depends heavily on fresh funding, operational cash flow, and government support.
Outlook:
If VI successfully executes its fundraising and pan-India 5G rollout, it could significantly improve its competitive position. For traders and long-term investors, the next 2–3 quarters will be critical in gauging whether this turnaround can be sustained.
Disclaimer: The views and investment insights provided here are based on publicly available information and do not constitute financial advice. Readers are advised to conduct their own research or consult certified financial experts before making investment decisions.