Vodafone Idea shares double in 9 months to hit fresh 52-week high; Q4 results, fundraising plan in focus

Shares of Vodafone Idea touched a 52-week high of Rs 13.33 on Friday, May 15, as investor sentiment improved ahead of the company’s March quarter earnings and proposed fundraising plans.

The stock opened at Rs 13 and climbed to an intraday high of Rs 13.33, matching its 52-week peak. At around 11:45 am, Vodafone Idea shares were trading at Rs 13.04, up 0.54 per cent for the day. The telecom stock had touched a 52-week low of Rs 6.12 on August 14, 2025.

Q4 Results on May 16

The telco said its board will meet on May 16, 2026, to consider and approve audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The board will also evaluate a proposal to raise funds through the issuance of equity shares and/or warrants on a preferential basis, subject to regulatory and shareholder approvals.

AGR relief boosts sentiment

Investor sentiment around Vodafone Idea has also improved after the government reduced the company’s adjusted gross revenue (AGR) liability by around 27 per cent to Rs 64,046 crore following a reassessment of statutory dues.

The Department of Telecommunications (DoT) had earlier estimated Vodafone Idea’s AGR dues at Rs 87,695 crore as of December 31, 2025. However, a reassessment committee later revised the amount lower and also allowed a five-year moratorium on payments.

Under the revised structure, Vodafone Idea will begin major repayments only after five years. The company will pay a minimum of Rs 100 crore annually between FY32 and FY35, while the remaining dues will be paid in six equal annual instalments between FY36 and FY41. This translates to an annual outflow of about Rs 10,608 crore in the last repayment phase.

However, the telecom operator will still have to pay around Rs 124 crore annually between March 2026 and March 2031 towards AGR dues linked to FY18 and FY19. These dues were not included in the reassessment exercise.

Q4 earnings and conference call scheduled

Vodafone Idea has already informed exchanges that the trading window for dealing in company securities has been closed since April 1, 2026, and will reopen 48 hours after the financial results are announced.

The company will also hold an earnings conference call with senior management on May 18 between 2:30 pm and 3:15 pm IST to discuss quarterly and full-year performance.

Q3 results highlights

Vodafone Idea reported a consolidated net loss of Rs 5,286 crore for the quarter ended December 2025, lower than Rs 5,524 crore loss in the previous quarter.

Revenue from operations rose 1.1 per cent sequentially to Rs 11,323 crore, while EBITDA increased 2.8 per cent to Rs 4,817 crore. Average revenue per user (ARPU), a key telecom industry metric, improved to Rs 186 from Rs 180 in the September quarter.

Stock performance

Vodafone Idea shares have rallied sharply in recent weeks. The stock has gained over 10 per cent in the last five trading sessions and nearly 35 per cent in the past one month.

The stock has more than doubled from its 52-week low. Vodafone Idea took around 9 months to more than double from its 52-week low.

Vodafone Idea’s 52-week low was Rs 6.12 on August 14, 2025, while the stock touched a 52-week high of Rs 13.33 on May 15, 2026