Vodafone Idea shares are expected to remain in focus on Monday after the telecom company reported a massive turnaround in its fourth-quarter earnings, posting a consolidated net profit compared to a steep loss in the year-ago period.
The telecom operator reported an unexpected net profit for Q4FY26, reversing a loss of ₹7,166 crore reported during the same quarter last year. The sharp turnaround was largely driven by a one-time accounting gain arising from the reassessment of adjusted gross revenue (AGR) dues and the recognition of the present value of future payments.
The company also received a ₹430 crore investment from the Aditya Birla Group, further strengthening investor sentiment around the telecom stock.
Excluding the exceptional item, Vodafone Idea continued to show signs of operational recovery during the quarter. Revenue from operations rose 2.9% year-on-year to ₹11,332 crore, while EBITDA increased 4.9% to ₹4,890 crore. The telecom operator also reported positive monthly subscriber additions beginning February 2026, aided by rapid 4G network expansion and wider rollout of 5G services.
Commenting on the performance, Abhijit Kishore, CEO of Vodafone Idea Limited, said the benefits of the company’s capex investments and network rollout were now becoming visible. He noted that Q4FY26 marked a decisive step forward, with all seven key operational parameters showing sequential improvement.
Kishore further highlighted that Vodafone Idea’s subscriber additions had turned net positive from February 2026, calling it a meaningful milestone reflecting the impact of sustained network investments. He added that the company had expanded its 4G coverage to serve a population of over 48 million, while its 5G services were now live across more than 80 cities.
The telecom stock has delivered strong gains in recent months despite broader market volatility. Vodafone Idea shares have surged over 27% in the past month. On a year-to-date basis, the stock is up 1.55%, while it has rallied nearly 68% over the last one year.
Over the longer term, the stock has generated returns of more than 65% in the past three years and around 45.43% over five years, reflecting renewed investor interest amid the company’s operational recovery and ongoing network expansion plans.