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Vodafone Idea Q3 Net Loss Narrows to Rs 5,286 Cr; DoT Freezes AGR Dues at Rs 87,695 Cr
Vodafone Idea reported a narrowed consolidated net loss of Rs 5,286 crore for Q3 FY26 compared to a loss of Rs 6,609 crore in the same period last year. A critical regulatory update reveals that the Department of Telecommunications (DoT) has frozen AGR dues at Rs 87,695 crore, subject to reassessment, with a significantly relaxed payment schedule extending to 2041. While the company's net worth remains negative at Rs 87,744 crore, the restructured AGR payments provide a massive liquidity lifeline. Management is currently in discussions with banks to raise additional funds to support operations.
Key Highlights
Net loss narrowed to Rs 5,286 crore in Q3 FY26 from Rs 6,609 crore in Q3 FY25.
Service revenue grew slightly to Rs 11,307 crore, up from Rs 11,100 crore year-on-year.
DoT confirmed frozen AGR dues of Rs 87,695 crore, with a new payment plan requiring only Rs 124 crore annually until 2031.
Total deferred payment obligations include Rs 124,877 crore for spectrum and a book value of Rs 80,502 crore for AGR.
The company remains a going concern with a negative net worth of Rs 87,744 crore as of December 31, 2025.
💼 Action for Investors
The restructured AGR payment timeline is a game-changer for the company's survival, significantly reducing immediate cash outflow pressure. Investors should view this as a high-risk turnaround opportunity, focusing on upcoming bank fundraises and the final AGR reassessment outcome.