Vodafone Idea Ltd
Vodafone Idea Ltd Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book
Q1 FY27 earnings call: what management guided on revenue, margins and order book.
What the Q1 FY27 call signalled
3 of 5 strong
The short version
Vodafone Idea targets double-digit revenue growth as part of its 3-year guidance toward FY29. - The company expects a CAGR of approximately 16.8% in top-line revenue over the next three years. - Sustained net additions in customers, along with ARPU (Average Revenue Per User) expansion, support revenue growth. - Growth drivers include upgrading 2G customers to 4G/5G, migration to unlimited data and NonStop Hero plans, and expansion in postpaid and M2M segments. - Capex of Rs. Vodafone Idea targets a 3-year cash EBITDA growth of 3x from the current levels, implying significant margin expansion.
From Vodafone Idea Ltd's Q1 FY27 earnings-call transcript · updated 18 Sept 2026.
Revenue & Sales Performance
- Vodafone Idea targets double-digit revenue growth as part of its 3-year guidance toward FY29.
- The company expects a CAGR of approximately 16.8% in top-line revenue over the next three years.
- Sustained net additions in customers, along with ARPU (Average Revenue Per User) expansion, support revenue growth.
- Growth drivers include upgrading 2G customers to 4G/5G, migration to unlimited data and NonStop Hero plans, and expansion in postpaid and M2M segments.
- Capex of Rs. 45,000 Crore over three years aims to accelerate network expansion, which will further aid growth.
- Increasing data usage per subscriber and improving network quality are expected to enhance customer engagement and revenue.
- The company is confident in its financial architecture and execution roadmap to support these growth plans.
Profitability & Margins
See what Vodafone Idea Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Vodafone Idea has a three-year capex plan targeting Rs. 45,000 Crore for network expansion and upgrade.
- Q1 FY27 capex was Rs. 1,930 Crore, somewhat muted due to supply chain constraints.
- Orders worth Rs. 9,100 Crore have been placed, including Rs. 1,930 Crore already deployed in Q1.
- Plans to deploy around 3,500 4G sites per month on average going forward.
- Target to complete 4G rollout in next 18 months, aiming for 55,000-57,000 4G sites and 86,000-90,000 5G sites across 17 circles.
- Network upgrades include expanding 5G coverage to over 16,000 sites now, with 200+ cities targeted for 5G deployment in next two quarters.
- Funding for capex includes Rs. 6,400 Crore raised recently through warrants, debt, and non-fund-based credit lines from ECBs and Indian private banks.
- Strong financial architecture in place with support from public sector banks, private banks, and foreign lenders.
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Fundraising & Capital Structure
See what Vodafone Idea Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Vodafone Idea has placed orders worth approximately Rs. 9,000 Crore for capex.
- This includes Rs. 1,930 Crore of capex already deployed in Q1FY27.
- The company intends to deploy all of this capex over the next two quarters or less.
- The orders are placed with partners including Ericsson, Nokia, and Samsung.
- The focus is on accelerating network expansion with these fresh orders.
- Network rollout plans include deploying roughly 3,500 sites per month on 4G.
- The capex guidance remains at Rs. 45,000 Crore over the next three years, supporting ongoing expansion.
Vodafone Idea Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹11.3K Cr, net profit ₹52.0K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Vodafone Idea Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Vodafone Idea Ltd Q1 FY27 results?
Vodafone Idea targets double-digit revenue growth as part of its 3-year guidance toward FY29. - The company expects a CAGR of approximately 16.8% in top-line revenue over the next three years. - Sustained net additions in customers, along with ARPU (Average Revenue Per User) expansion, support revenue growth. - Growth drivers include upgrading 2G customers to 4G/5G, migration to unlimited data and NonStop Hero plans, and expansion in postpaid and M2M segments. - Capex of Rs. Vodafone Idea targets a 3-year cash EBITDA growth of 3x from the current levels, implying significant margin expansion.
What is Vodafone Idea Ltd share price analysis?
Vodafone Idea Ltd currently shows a below-average growth signal. The stock trades at a P/E of N/A with a market cap of ₹162,190 Cr. Investors should review the full earnings analysis for detailed insights.
Is Vodafone Idea Ltd planning capital expenditure?
Vodafone Idea has a three-year capex plan targeting Rs.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.