Summary of Key Information:
Reporting Period: Quarter ended June 30, 2026 (Q1 FY27)
Nature of Filing: Outcome of Board Meeting - Financial Results and Disclosure under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
Date of Board Meeting / Approval: August 10, 2026 (commenced at 4:00 PM, concluded at 6:00 PM)
Audit Opinion: Unqualified - Limited Review Report with no material misstatements identified
Auditor's Comment: No qualifications or modifications affecting earnings quality, internal controls, or going concern
Key Financial Highlights [₹ Crore]
Consolidated Results:
Revenue from Operations: ₹11,689 crore (Q1 FY27) vs ₹11,023 crore (Q1 FY26) - 6.0% YoY growth
Total Income: ₹11,884 crore (Q1 FY27) vs ₹11,165 crore (Q1 FY26)
EBITDA: ₹5,034 crore (Q1 FY27) vs ₹4,612 crore (Q1 FY26) - 9.1% YoY growth
EBITDA Margin: 43.1% (Q1 FY27) vs 41.8% (Q1 FY26) - +122 bps improvement
Net Profit/(Loss): ₹(3,754) crore (Q1 FY27) vs ₹(6,608) crore (Q1 FY26)
EPS: ₹(0.35) basic and diluted (Q1 FY27) vs ₹(0.63) (Q1 FY26)
Other Equity: ₹(144,101) crore (negative)
Cash and Cash Equivalents: ₹6,558 crore
Standalone Results:
Revenue from Operations: ₹11,539 crore (Q1 FY27) vs ₹10,905 crore (Q1 FY26)
Net Profit/(Loss): ₹(3,712) crore (Q1 FY27) vs ₹(6,634) crore (Q1 FY26)
Other Equity: ₹(143,706) crore (negative)
Financial Position:
Net Worth: ₹(38,327) crore consolidated negative net worth as of June 30, 2026
Outstanding Debt: ₹3,708 crore from banks and others (including interest accrued but not due)
Deferred Payment Obligations: ₹130,299 crore towards Spectrum and ₹25,759 crore towards AGR (including interest accrued but not due)
Instalments Payable by June 2027: ₹211 crore for debt and ₹9,259 crore for deferred payment obligations
Segment-wise Performance:
The Group operates only in one reportable segment - Mobility. No separate segment disclosure required.
Corporate Actions:
No dividend declarations, share splits, bonus issues, buybacks, or capital structure changes announced.
Other Significant Information:
Operational Highlights:
Subscriber base: 193.1 million (Q1 FY27) vs 192.8 million (Q4 FY26) - first quarter of net subscriber addition since merger
Customer ARPU: ₹195 (Q1 FY27) vs ₹177 (Q1 FY26) - 10.2% YoY growth, highest in industry
4G/5G subscriber base: 130.1 million (Q1 FY27) vs 127.4 million (Q1 FY26)
Data usage: 88.4 Pb/Day (Q1 FY27) vs 69.1 Pb/Day (Q1 FY26) - 27.9% YoY increase
Total unique broadband towers: 204,893 (Q1 FY27) vs 189,229 (Q1 FY26)
4G population coverage: 87.0% as of June 2026
Network Expansion:
5G coverage expanded to over 200 cities across 17 key circles
Added over 15,600 new unique broadband towers in last twelve months
Capex for quarter: ₹1,930 crore
Placed capex orders worth ₹9,000 crore out of 3-year capex guidance of ₹45,000 crore
Partnerships and Initiatives:
Strategic partnership with Spotify for premium music streaming experience
Launched 'Vi edu+' co-branded proposition with PhysicsWallah
Partnership with Meta for silent mobile verification across platforms
Upgraded SPARC cyber resilience solution with AI-led early detection
Funding and Ratings:
Secured funding of ₹6,400 crore including warrants, fund & non-fund based facilities
Crisil assigned credit rating: Crisil A-/(Stable) in May 2026
ICRA upgraded rating: ICRA A-/(Stable) in June 2026
Ongoing discussions with lenders to close overall funding plan
Exceptional Items [₹ Crore]:
Gain on remeasurement of Settlement assets: ₹1,816 crore (Q1 FY27)
Provision towards regulatory matters: ₹(205) crore (Q1 FY27)
Reduction of deferred payment obligation related to AGR: ₹58,116 crore (Q4 FY26)
Impact of Labour Code: ₹58 crore (Q4 FY26)
Going Concern Assessment:
Company confident of generating sufficient cash flow from operations to meet obligations including spectrum and AGR dues payable over next 12 months
Financial results prepared on going concern basis