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India
As of 18 Sept 2026, 03:30 pm
Vodafone Idea has outlined a '1-2-3 Strategy' aiming for sustained subscriber additions, double-digit revenue growth, and tripling cash EBITDA within three years. This strategy is supported by a capital expenditure plan of ₹45,000 crore for network rollout through FY29. As of Q1FY27, the company reported 192.8 million total subscribers and an Average Revenue Per User (ARPU) of ₹186.
Vodafone Idea Limited has received multiple orders from the Telecom Regulatory Authority of India (TRAI) levying financial disincentives. On September 16, 2026, the company was fined ₹2,00,000 for failing to meet Quality of Service benchmarks in November 2025. Additionally, on September 14, 2026, another order was issued for a ₹2,00,000 disincentive related to failing Quality of Service benchmarks in October 2025. The company is reviewing these orders and evaluating its next steps.
As of September 18, 2026, Vodafone Idea's share price closed at ₹13.92. The stock has shown mixed returns, with a 1-year return of 0.78 and a Year-to-Date (YTD) return of 0.2. However, recent short-term returns have been negative, including a -0.02 return over the last day and -0.07 over the last three months. Technically, the daily trend shows the closing price below the 20-day Exponential Moving Average (EMA) of ₹14.49, and the Supertrend indicator is 'bearish' at ₹15.62. The weekly trend, however, shows a 'bullish' Supertrend at ₹12.27, with the closing price above the 20-day Simple Moving Average (SMA) of ₹13.92.
Yes, Vodafone Idea Limited has appointed Ms. Gopika Pant as an Additional Director, qualifying as an Independent Woman Director, for a five-year term effective September 17, 2026, subject to shareholder approval. The company has also initiated a postal ballot process for the appointment of Mr. Anil Berera as an Independent Director.
As of 18 Sept 2026, 03:30 pm
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Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Revenue From Operations | PEAK₹11,689 crore | ₹11,332 crore | ₹11,323 crore | ₹11,194.70 crore | ₹11,022.50 crore |
| Finance Costs | ₹5,120 crore | ₹4,990 crore | ₹5,828 crore | ₹4,784.40 crore | PEAK₹5,892.80 crore |
| Expenses | ₹17,242 crore | ₹16,951 crore | PEAK₹17,884 crore | ₹16,861.50 crore | ₹17,775.30 crore |
| Profit Before Tax | -₹3,747 crore | PEAK₹51,976 crore | -₹5,290 crore | -₹5,527.30 crore | -₹6,611.10 crore |
| Tax Expense | PEAK₹7 crore | ₹6 crore | -₹4 crore | -₹3.10 crore | -₹3 crore |
| Profit Loss For Period | -₹3,754 crore | PEAK₹51,970 crore | -₹5,286 crore | -₹5,524.20 crore | -₹6,608.10 crore |
Vodafone Idea’s revenue rose 6% from a year earlier and 3% from the previous quarter, the largest sequential increase in recent quarters. Both total expenses and finance costs declined compared to the same quarter last year, and the net loss narrowed sharply. An unusually large profit in the preceding quarter makes sequential profit comparisons uninformative, but the year-on-year improvement is clear.
Revenue rose 6% year-on-year, while total expenses and finance costs were lower than a year ago. As a result, the net loss narrowed sharply. The company remains unprofitable, but the year-on-year comparison shows improvement in both revenue and cost lines.
Exchange disclosures and regulatory announcements for Vodafone Idea.
Vodafone Idea Limited received an order from the Telecom Regulatory Authority of India on 16 September 2026, levying a financial disincentive of Rs. 2,00,000 for failing to meet Quality of Service benchmarks in various service areas for November 2025. The company is reviewing the order and evaluating next steps.
On 16 September 2026, Vodafone Idea Limited received an order from the Telecom Regulatory Authority of India levying a financial disincentive of Rs. 200,000 for failing to meet Quality of Service benchmarks in various service areas during November 2025, contravening regulation 6 of the Standards of Quality of Service of Access (Wireline and Wireless) and Broadband (Wireline and Wireless) Service Regulations, 2024. The company is reviewing the order and evaluating next steps.
Vodafone Idea Limited disclosed an investor presentation to stock exchanges on 15 September 2026. The presentation outlines a '1-2-3 Strategy' targeting sustained subscriber addition, double-digit revenue growth, and thrice cash EBITDA in three years, supported by a Rs. 45,000 crore capex plan for network rollout until FY29. As of Q1FY27, the company reported 192.8 million total subscribers and 88.4 Pb/day data usage, with customer ARPU reaching Rs. 186.
On September 14, 2026, the Telecom Regulatory Authority of India issued an order levying a financial disincentive of Rs. 2,00,000 against Vodafone Idea Limited for failing to meet Quality of Service benchmarks in October 2025. The company received the order on September 14, 2026, and as of its disclosure on September 15, 2026, is reviewing the directive and evaluating next steps.
On September 14, 2026, the Board of Vodafone Idea Limited approved the appointment of Ms. Gopika Pant as an Additional Director qualifying as an Independent Woman Director for a five-year term effective September 17, 2026, subject to shareholder approval. The company has also initiated a postal ballot process to seek member consent for the appointments of both Ms. Pant and Mr. Anil Berera as Independent Directors.
Vodafone Idea Limited appointed Ms. Gopika Pant as a Non-Executive Independent Director for a 60-month term, effective September 17, 2026, approved by the Board on September 14, 2026.
On September 14, 2026, the Telecom Regulatory Authority of India levied a financial disincentive of Rs. 2,00,000 against Vodafone Idea Limited for failing to meet Quality of Service benchmarks in October 2025 under the Standards of Quality of Service Regulations, 2024. The violation involved contravention of regulation 6 regarding service parameters across different areas. As of the report date of September 15, 2026, the company is reviewing the order and evaluating next steps, with the maximum financial impact limited to the imposed amount.
On September 1, 2026, Vodafone Idea Limited unveiled a new dynamic brand identity featuring a refreshed 3D sphere logo and announced Shah Rukh Khan as the face of its upcoming campaign. CEO Abhijit Kishore stated this evolution signals the company's transition from a telecom provider to an experience-focused tech partner, with the new identity rolling out progressively across consumer touchpoints starting that same date.
Recent market and company developments associated with Vodafone Idea.
Vodafone Idea shares opened at ₹14.25 apiece today, as compared to the previous close of ₹14.26 on Wednesday.
Rural India's telecom landscape has shifted from voice to data consumption. Wireless connections now dominate, replacing traditional wireline services across the nation. Telecom operators are focusing on network quality and user experience for rural customers. Reliable electricity remains a critical challenge for last-mile connectivity in these areas. The focus is now on converting connectivity into productivity and economic activity.
Vodafone Idea share price declined more than 2% in morning trade on the BSE on Wednesday, 16 September, in an otherwise positive market. The telecom stock opened flat at ₹14.47 and slipped 2.3% to an intraday low of ₹14.14.
Vodafone Idea appoints Gopika Pant as Additional Director, bringing 40 years of legal expertise to the board.
Experts suggest a competitive shift in telecom dynamics as Vi faces allegations over mobile number portability tactics.
TRAI fines Vodafone Idea ₹2 lakh for quality of service failures, as the telecom operator evaluates its next steps.
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The allegations relate to customer acquisition through mobile number portability. MNP allows users to change their telecom operator while keeping the same mobile number.
Comprehensive Section Breakdown for Vodafone Idea
Strategic Vision: Telecommunications company providing voice and data services.
• Extensive mobile network infrastructure
Revenue reached ₹11,689 crore in the June 2026 quarter, up from ₹11,022 crore in the same quarter last year (+6.05%) and from ₹11,332 crore in the March 2026 quarter (+3.15%). The sequential gain of ₹357 crore is larger than the gains seen in each of the previous three quarters (₹172 crore, ₹128 crore, and ₹9 crore), making it the fastest quarterly growth in the series shown.
| Quarter | Revenue (₹ cr) | Sequential change |
|---|---|---|
| Q1 FY2025-26 | 11,022.5 | – |
| Q2 FY2025-26 | 11,194.7 | +172.2 |
| Q3 FY2025-26 | 11,323 | +128.3 |
| Q4 FY2025-26 | 11,332 | +9 |
| Q1 FY2026-27 | 11,689 | +357 |
The revenue base is now 6% larger than it was a year ago.
Total expenses (excluding finance costs) were ₹17,242 crore, down 3% from ₹17,775 crore a year earlier but up 1.7% from ₹16,951 crore in the previous quarter. Finance costs fell 13.1% year-on-year to ₹5,120 crore from ₹5,893 crore, though they rose 2.6% sequentially from ₹4,990 crore.
| Metric | Q1 FY2025-26 | Q1 FY2026-27 | YoY change | Q4 FY2025-26 | Q1 FY2026-27 | QoQ change |
|---|---|---|---|---|---|---|
| Expenses (₹ cr) | 17,775.3 | 17,242 | –3.0% | 16,951 | 17,242 | +1.7% |
| Finance costs (₹ cr) | 5,892.8 | 5,120 | –13.1% | 4,990 | 5,120 | +2.6% |
The combination of lower expenses and lower finance costs compared to the prior year reduced total costs relative to the year-ago period.
The company reported a pre-tax loss of ₹3,747 crore, compared with a pre-tax loss of ₹6,611 crore a year earlier—an improvement of ₹2,864 crore (43%). The net loss after negligible tax was ₹3,754 crore, versus ₹6,608 crore a year ago, and basic loss per share narrowed from ₹0.63 to ₹0.35.
The improvement in pre-tax loss was larger than the combined effect of higher revenue, lower expenses, and lower finance costs, indicating that other items also had a net positive impact.
The preceding quarter (Q4 FY2025-26) included an unusually large pre-tax profit of ₹51,976 crore, making sequential profit comparisons uninformative. The relevant measure of underlying progress is the year-on-year comparison, which shows a clear narrowing of the loss.
Category: B2B Services
Vi generates revenue primarily by offering mobile telephony services, including prepaid and postpaid plans, to its customer base.
Key Products & Services: Vi
Category: Consumer Tech
The company also monetizes through international roaming, 5G connectivity, and a variety of value-added services encompassing entertainment and communication options.
Key Products & Services: Vi
Category: B2B Services
Vi provides tailored digital solutions and services for businesses.
Key Products & Services: Vi
Core Thesis: Vi's extensive mobile network infrastructure supports its diverse range of services, from core mobile telephony to advanced 5G connectivity and digital solutions.
• Mobile Network Infrastructure: The delivery of services relies on Vi's extensive mobile network infrastructure supporting 2G, 3G, 4G, and 5G technologies. • Digital Solutions: Complemented by digital solutions, the company offers a comprehensive suite of services. • Value-Added Services: Monetization includes a variety of value-added services such as entertainment options and communication-centric services.