Vodafone Idea Q3: Losses Narrow, ARPU Rises Amidst AGR Reassessment

• Vodafone Idea reported a net loss of ₹5,286 crore in Q3, a sequential improvement from ₹5,524 crore in Q2.
• Revenue increased by 1.1% QoQ to ₹11,323 crore, and EBITDA rose by 2.8% to ₹4,817 crore.
• ARPU improved to ₹186, a 7.3% YoY increase, driven by customer upgrades.
• The company's subscriber base reached 19.29 crore, with 12.85 crore 4G and 5G users.
• AGR liability is frozen at ₹87,695 crore as of December 31, 2025, with reassessment underway and Vodafone Group supporting CLAM receivables.

Why It Matters: Vodafone Idea's Q3 performance shows narrowing losses and rising ARPU, with AGR reassessment ongoing.