Vodafone rides govt relief, posts Rs 52k crore surprise profit

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Vodafone rides govt relief, posts Rs 52k crore astonishment  profit

NEW DELHI: India’s 3rd largest telecom relation Vodafone Idea (VI) is yet profitable. On Saturday, it reported a nett net of Rs 51,986 crore successful March 4th — astir apt a grounds for immoderate institution — against a nonaccomplishment of Rs 7,168 crore successful the corresponding play of 2025.This was acknowledgment to a one-time accounting summation from govt’s adjusted gross gross (AGR) relief, prompting promoter Aditya Birla Group to perpetrate to a superior infusion of Rs 4,730 crore done 1 of its companies Suryaja Investments Pte Ltd, Singapore.The company’s committee has approved the issuance of up to 430 crore warrants, each convertible into an equity share, representing a 3.82% stake, to Suryaja Investments astatine an contented terms of ?11 per warrant, according to an speech filing.The archetypal nett successful six years — and that excessively a bumper 1 — meant that the beleaguered VI saw a nett of Rs ?34,552 crore during the past fiscal year, versus a nonaccomplishment of Rs 27,384 crore successful 2024-25. The yearly consolidated gross from operations grew 3% to Rs 44,783 crore from Rs 43,572 crore a twelvemonth ago.“Consequently, successful accordance with Ind AS 109, the fiscal liability of Rs 80,502 crore arsenic astatine Dec 31, 2025, was derecognised and the revised fiscal liability of Rs 24,880 crore was recognised, which is the contiguous worth of aboriginal payments arsenic stated above.

The resulting quality of Rs 55,622 crore (including interaction of reassessed amount) on with nett interaction of different related provisions has been credited to the connection of nett and loss,” the institution said successful a regulatory filing.The results bespeak that the institution is backmost successful concern aft losing subscribers to rivals Jio and Bharti Airtel. In caller months, it has ramped up operations, erstwhile again focusing connected adding caller customers and improving the prime of its offerings.Last Dec Govt had frozen Vodafone Idea’s AGR dues astatine Rs 87,695 crore. Subsequently this April govt chopped VI’s AGR dues by Rs 23,600 crore to Rs 64,046 crore aft recalculation, deferring the bulk of its payments by 10 years, to beryllium paid from 2035-36 to 2040-41.

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