Beleaguered telecom operator Vodafone Idea on Saturday posted a consolidated net profit of ₹51,970 crore—its first ever in about six years, for the March quarter of FY26, mainly due to relief in statutory liabilities, according to a company filing.

The company had posted a loss of ₹7,167 crore in the same period a year ago.

Vodafone Idea (Vi) operational metrics, however, show a loss of around ₹5,515 crore during the reported quarter and ₹24,059 crore for the fiscal year 2026 before exceptional items comprising relief on adjusted gross revenue (AGR).

The Department of Telecom (DoT) on January 27 confirmed that the AGR (adjusted gross revenue) dues of Vodafone Idea (Vi) as of December 31, 2025, amount to ₹87,695 crore. Thereafter, the DoT informed Vi on April 30 that the Committee formed for the purpose of reassessment finalised the AGR dues at ₹64,046 crore for the FY 2006-07 to 2018-19 as on December 31, 2025.

"Consequently, in accordance with Ind AS 109, the financial liability of ₹80,502 crore as at December 31, 2025, was derecognised and the revised financial liability of ₹24,880 crore was recognised, which is the present value of future payments as stated above. The resulting difference of ₹55,622 crore (including impact of reassessed amount) along with net impact of other related provisions has been credited to the statement of Profit and Loss," the filing said.

As of March 31, 2026, deferred payment obligation (including interest accrued but not due) on Vi stood at ₹1,27,360 crore towards spectrum and ₹25,254 crore towards AGR.

The instalments payable against these deferred payment obligations on Vi, as scheduled by March 2027 is ₹7,076 crore, the company filing said.

The consolidated revenue from operations grew by about 3% to ₹11,332 crore during the reported quarter from ₹11,229 crore in the corresponding quarter of fiscal year 2025.

Vi, after years, recorded stabilisation in customer base with monthly subscriber addition moving northward since February.

The total subscriber base of the company stood at 19.28 crore at the reported quarter. Though average revenue per user (ARPU) if Vi increased to ₹190 during the reported—lowest among private operators, the growth was highest in the industry at 8.3% on year-over-year basis driven by customer upgrades.

Vi capex for the quarter was ₹2,294 crore and ₹8,742 crore for the full fiscal year 2026.

Not just the quarter, the reduction in adjusted gross revenue liability made Vodafone Idea a profitable firm for the full fiscal.

The company posted an annual profit of ₹34,552 crore in FY'26. It had posted a loss of ₹27,384 crore in the same period a year ago.

The annual consolidated revenue from operations of Vodafone Idea grew by 3% to ₹44,782 crore from ₹43,454 crore on a year-over-year basis.