Vodafone Idea posted ₹51,970 crore

Troubled telecom operator Vodafone Idea has posted a consolidated net profit of ₹51,970 crore – the first in nearly six years, for the March quarter of FY 2025-26, mainly due to relief in statutory liabilities, according to a company filing.

The company had suffered a loss of Rs 7,167 crore in the same period a year ago.

The Department of Telecommunications (DoT) on January 27 confirmed that Vodafone Idea (Vi)’s AGR (adjusted gross revenue) dues as of December 31, 2025, are ₹87,695 crore. Subsequently, DoT informed Vi on April 30 that the committee constituted for the purpose of reassessment finalized the AGR dues for financial years 2006-07 to 2018-19 at ₹64,046 crore till December 31, 2025.

“Consequently, as per Ind AS 109, a financial liability of ₹80,502 crore as of December 31, 2025 was derecognised and a revised financial liability of ₹24,880 crore was recognized, being the present value of future payments as explained above. The resulting difference of ₹55,622 crore (including the effect of revaluation amount) with the net effect of other related provisions has been credited to the statement. Profit and loss has been made,” the filing said.

Consolidated revenue from operations increased by nearly 3 per cent to ₹11,332 crore during the reported quarter from ₹11,229 crore in the corresponding quarter of FY20.

Not just the quarter, the reduction in adjusted gross revenue liability made Vodafone Idea a profitable company for the entire financial year.

The company made an annual profit of ₹34,552 crore in FY’26. It had suffered a loss of ₹27,384 crore in the same period a year ago.

Vodafone Idea’s annual consolidated revenue from operations grew 3 per cent year-on-year to ₹43,454 crore from ₹44,782 crore.