Vodafone Idea Limited (IDEA) — Financial Results | 11 February 2025(2 announcements)

Vodafone Idea reported a net loss of ₹202.17 crores for the nine-month period ended December 31, 2024, with total income rising to ₹333.64 crores (+69.9% YoY), driven by revenue growth to ₹111.17 crores (+1.7% QoQ). The company raised ₹19.1 crores via preferential issue in February 2025, adding to prior capital raises of ₹180 crores (FPO) and ₹20.75 crores (preferential issue). Debt from banks declined to ₹23.451 million, though deferred spectrum and AGR liabilities remain high at ₹2,273,183 million. The board approved the results on February 11, 2025, confirming no material misstatements.

Vodafone Idea reported a net loss of ₹202.173 crores for the nine-month period ended December 31, 2024, driven by revenue of ₹333.636 crores and expenses of ₹535.649 crores, reflecting ongoing financial strain despite a modest 1.7% QoQ revenue increase to ₹113.668 crores in Q3. The company raised ₹19.1 billion via preferential equity at ₹11.28/share, boosting promoter stake to 38.8%, while total fresh capital reached ₹260 billion over 10 months. Debt from banks fell to ₹23.3 billion, and cash reserves stood at ₹120.9 billion as of December 31, 2024. The government waived bank guarantee requirements for pre-2021 spectrum auctions, aiding infrastructure investment. The company emphasized going concern basis amid capital infusion enabling debt negotiations and moratorium relief under the Telecom Reforms Package.