Vodafone Q4: Net loss narrows to ₹7,167 crore, board greenlights ₹20,000 crore fundraising

During the quarter under review, the telecom company’s revenue from operations stood at ₹11,013.5 crore, jumping 3.8% year-on-year (YoY) from ₹10,606.8 crore in the fourth quarter of FY24.

Vodafone’s operational efficiency improved as its EBITDA (earnings before interest, tax, depreciation and amortisation) surged 7.47% YoY to ₹4,659.7 crore in Q4FY25, as against ₹4,335.8 crore. Its EBITDA margin expanded to 42.3% from 40.9%.

The average revenue per user (ARPU), a key monitorable for telecom companies, grew 14.2% YoY to ₹175 for the quarter, compared to ₹153 in the corresponding period a year ago. This growth was bolstered by tariff hikes on its prepaid and postpaid plans and customer upgrades.

For the year ended March 31, 2025, the telco incurred a loss of ₹27,383.4 crore, with its net worth standing at ₹70,320.2 crore, VIL said.

The firm recorded a capital expenditure of ₹4,230 crore during the quarter, the highest since its merger, which took VIL’s capex for the 2024-25 fiscal to ₹9,570 crore.

Vodafone’s board approves ₹20,000 crore fundraising

Vodafone’s board of directors greenlit fundraising of ₹20,000 crore through a combination of equity shares and debt instruments, subject to shareholder and/or regulatory or statutory approvals.

The company plans to raise the funds in one or more tranches, either through public or private placement, including qualified institutional placement.

VIL said it may also consider raising funds by issuing shares or other eligible instruments, like securities convertible into equity shares, Global Depository Receipts, American Depository Receipts, or bonds, among others.

“The board has authorised the Capital Raising Committee to evaluate and decide the potential route of fundraising, including all related matters,” VIL said.

Shares of Vodafone closed in the red at ₹6.92 apiece, down 3.08% on the National Stock Exchange (NSE) on Friday. However, the earnings were declared after the market closed.