Vodafone Idea Limited — Investor Meet, 05-06-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Vodafone Idea’s Q4 FY25 revenues rose 3.8% YoY to Rs. 11,010 Cr, with FY25 revenue at Rs. 43,570 Cr (+2.2%). EBITDA improved 9.5% to Rs. 9,200 Cr for FY25, while PAT loss narrowed by Rs. 3,850 Cr to Rs. 27,380 Cr. Capex surged to Rs. 9,620 Cr supporting 5G rollout in 4 cities and expanded 4G coverage to ~83%. Subscriber losses eased; 4G base increased to 126.4 million. Management emphasized strong 5G uptake (~60% adoption in launched circles), plans full 17-circle coverage by August 2025, with Q1 FY26 capex ~Rs. 6,000 Cr. Postpaid growth is driven by M2M and new corporate plans; prepaid benefits from innovative unlimited plans boosting ARPU. Digital and tech-focused services are expanding, with strategic partnerships supporting diversification. Further tariff hikes needed to sustain capex. The outlook is confident but contingent on debt funding and regulatory clarity.