New Delhi, Aug. 12 -- Vodafone Idea's June-quarter (Q1FY27) result suggests that the long-awaited turnaround may finally be taking shape, even as funding risks persist. Reversing years of customer losses, it reported an addition of 0.3 million subscribers in Q1FY27, a first since the 2018 merger, taking its total subscriber base to 193 million. Vodafone Idea had 198 million subscribers a year ago.

Revenue grew 6% year-on-year to Rs.11,689 crore, beating Street estimates. Earnings before interest, taxes, depreciation, and amortisation (Ebitda) rose 9% to Rs.5,034 crore. Vodafone's reported loss of Rs.3,754 crore in Q1FY27 narrowed from Rs.6,608 crore in the year-ago period, but the quarter included an exceptional gain of Rs.1,816 crore ar...