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Vodafone Idea Q1 FY27 Share Price & Earnings Call Analysis

₹12.25+3.55% today
Market cap
₹1.33L Cr
Price to sales
2.91
Debt to equity
0.00
52W high / low
₹15.6 / ₹8.53
Sales growth (5Y)
1.36%
EBITDA margin
42.65%
Net profit margin
-54.02%
Promoter holding
25.64%
Sales (last year)
₹45,539 Cr

Vodafone Idea is one of the leading telecom service providers in India. The Company is engaged in the business of Mobility and Long Distance services, trading of handsets and data cards.[1]

Guidance scorecard · Q1 FY27 call

What Vodafone Idea's management guided
and where it ranks in Telecom - Services

#9of 12 in
Telecom - Services
Revenue10–20%MarginsFlatCapexPlannedFundraisingPlannedOrder bookRising

RevenueQ1 FY27 call

10–20%
  • 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.

2 more points from Vodafone Idea's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Vodafone Idea said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • 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.

2 more points from Vodafone Idea's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

Planned

See what Vodafone Idea said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Rising
  • 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.

2 more points from Vodafone Idea's call on the order book

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Full Q1 FY27 analysis
Full Telecom - Services ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Telecom - Services
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Vodafone Idea rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Telecom - Services companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹35,402 Cr40.8
240%+Flat₹3,060 Cr14.0
340%+Flat₹3,015 Cr10.0
420–40%Flat₹12.32L Cr39.5
520–40%Flat₹81,810 Cr44.3
620–40%Flat₹53,174 Cr42.0

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Financials of Vodafone Idea

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Vodafone Idea

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +10,53210,65610,71610,67310,60710,50810,93211,11711,01511,02211,19511,32311,332
Expenses +6,3226,4996,4356,3246,2746,3046,3836,4056,3566,4106,5116,5066,443
Operating Profit4,2104,1564,2824,3494,3334,2054,5504,7124,6594,6124,6844,8174,889
OPM %40%39%40%41%41%40%42%42%42%42%42%43%43%
Other Income +712134780322563002502161421401,27157,595
Interest5,0026,3986,5696,5186,2805,5196,6145,9406,4715,8934,7845,8284,990
Depreciation5,7045,6165,6675,5985,7515,3695,4045,6295,5715,4725,5675,5505,518
Profit before tax-6,424-7,837-7,920-6,987-7,666-6,427-7,168-6,607-7,167-6,611-5,527-5,29051,976
Tax %-0%0%10%-0%0%0%0%0%0%-0%-0%-0%0%
Net Profit +-6,419-7,840-8,738-6,986-7,675-6,432-7,176-6,609-7,167-6,608-5,524-5,28651,970
EPS in Rs-1.32-1.61-1.79-1.44-1.53-0.95-1.03-0.95-1.00-0.61-0.51-0.494.80

Financials of Vodafone Idea

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +31,57135,94935,57628,27937,09244,95841,95238,51642,17742,65243,57144,873
Expenses +20,77124,28125,34822,22432,97630,04225,00622,54725,42425,58025,52325,870
Operating Profit10,80011,66810,2276,0544,11614,91616,94615,96816,75317,07218,04919,003
OPM %34%32%29%21%11%33%40%41%40%40%41%42%
Other Income +4976417467031,789-36,964-19,5633633549171,10059,148
Interest1,0601,8034,0104,8479,54515,39317,99820,98123,35425,76624,54321,495
Depreciation5,3046,2567,8278,40914,53624,35623,63823,58423,05022,63421,97322,108
Profit before tax4,9334,250-863-6,499-18,175-61,797-44,253-28,234-29,298-30,410-27,36834,548
Tax %35%36%-54%-36%-20%20%-0%0%0%3%0%-0%
Net Profit +3,1932,728-400-4,168-14,604-73,878-44,233-28,245-29,301-31,238-27,38334,552
EPS in Rs2.702.30-0.34-2.91-5.08-25.71-15.39-8.79-6.02-6.23-3.843.19
Dividend Payout %7%8%0%0%0%0%0%0%0%0%0%0%

Financials of Vodafone Idea

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital3,5983,6013,6054,3598,73628,73528,73532,11948,68050,12071,393108,343
Reserves19,42919,95021,12722,90350,899-22,756-66,963-94,084-123,039-154,287-141,713-144,101
Borrowings +26,85940,54155,05557,985125,940114,996201,720213,761237,766243,809233,229192,528
Other Liabilities +10,58016,03416,88113,26444,078105,94239,98642,23343,83645,35534,94634,868
Total Liabilities60,46780,12696,66898,511229,652226,918203,478194,029207,243184,997197,855191,638
Fixed Assets +35,54065,19076,76379,692177,800185,836167,490156,819156,255140,125141,320156,906
CWIP5,1416,0407,5353,5855,1031,13860636417,87618,18918,2121,454
Investments11,5273,4716,3787,2908,2391,97945600107
Other Assets +8,2605,4255,9917,94438,51137,96435,37836,84133,10526,68338,32333,171
Total Assets60,46780,12696,66898,511229,652226,918203,478194,029207,243184,997197,855191,638

Financials of Vodafone Idea

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +10,41810,94910,4765,3325,3487,32815,64017,38718,86920,8269,29119,411
Cash from Investing Activity +-5,726-2,389-15,556-9,303-1,640-2,6981,075-5,730-5,414-1,907-16,248-6,104
Cash from Financing Activity +8,028-9,3304,5063,925-2,949-5,019-16,731-10,554-14,680-18,9807,047-11,458
Net Cash Flow12,720-770-574-46758-389-171,103-1,224-61891,849
Free Cash Flow6,2603,8245,144-3,269-2,238-47410,53411,39513,33219,296-9318,597
CFO/OP107%101%109%95%123%33%88%100%105%105%49%102%

Financials of Vodafone Idea

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days111213113225222319191716
Inventory Days
Days Payable
Cash Conversion Cycle111213113225222319191716
Working Capital Days-174-134-148-92-430-667-474-453-407-358-294-192
ROCE %14%11%4%-2%-8%-5%-4%-5%-4%-4%-2%-2%

Guidance history

How Vodafone Idea's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%FlatPlannedPlannedRising
Q1 FY27 call →10–20%FlatPlannedPlannedRising
Q2 FY26 call →0–10%FlatPlannedPlanned—

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

37out of 100

Momentum score · price trend

37 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+40.3%82%
Last 6 months+16.4%74%
Last 3 months−4.7%59%

The price is 89.7% below its all-time high of ₹118.98 (17 Apr 2015). Stocks more than 20% below their peak have their score halved, so 74 became 37.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Vodafone Idea: 0.4 × 82 + 0.4 × 74 + 0.2 × 59 = 74, halved to 37 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

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