Q1-FY26 · Akshai Mudra
The subscriber decline was restricted to just 0.5 million during the quarter. That is 90% lower compared to about 5 million each in Q2 and Q3 of last financial year, marking our strongest performance since merger.
Vodafone Idea · tone and specificity signals across the available quarters.
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The subscriber decline was restricted to just 0.5 million during the quarter. That is 90% lower compared to about 5 million each in Q2 and Q3 of last financial year, marking our strongest performance since merger.
Banking things are progressing but they may take a little while and we are trying to look at other sources of funding which could be available in a shorter time frame.
It is not necessarily that there are internal targets but I think nothing that I can talk about right now. Many of these businesses are in nascent stages, they are all coming up from a very small base.
The defining theme for this quarter is momentum. We have delivered on all seven critical business parameters. Each a building block towards our FY29 guidance.
The only delta we see at this point in time is seasonal. Whether it is our gross addition, quality of acquisition, or customer retentivity — both postpaid and prepaid — this doesn't seem to be an issue. It'll start coming back; in July we've already started to see some good traction.
We have ₹6,558 crore of free cash and bank balance as of June 30th. Our recent credit ratings and continued promoter support have been a significant catalyst for ongoing debt conversation, which further strengthens our conviction in the execution roadmap.
Our challenge has been on the extent of coverage that we have not been able to do and we firmly believe that the more sites and the more 4G and 5G sites that we roll we will start to see this trajectory getting into positive.
From a tariff hike point of view, if you really ask us—obviously it depends on how the industry takes shape and how the leaders take the position on the tariff hike. Is there a requirement? Probably the answer is yes. How fast and how soon can that happen? We'll kind of wait and watch.
We see in the circles that we have invested early we clearly see attraction, better traction where we see a better search of the customers, we see a better engaged customer as far as the data usage is concerned and we also see a better traction in customer acquisition.