This billionaire increased his stake in Vodafone Idea, buying 40 million shares in one go; growth is expected!

News Topical, Digital Desk : There's big news regarding VI shares. Kumar Mangalam Birla, India's leading billionaire industrialist and promoter of Vodafone Idea, has purchased over 40 million shares in the open market, increasing his stake. These purchases were made between January 30th and February 1st. Vodafone Idea shares closed down 1.04% at ₹11.46 on the NSE today  . Following news of Kumar Mangalam Birla's share purchase, Vodafone Idea shares may see a rise tomorrow.

How much did the purchase cost?

Kumar Mangalam Birla purchased 22.1 million shares on January 30 at an average price of ₹10.95 per share. Subsequently, on February 1, the day of the budget, he purchased an additional 18.8 million shares at an average price of ₹11.13 per share. The total transaction represents approximately 0.03% of the company's outstanding equity.

How were the company's quarterly results?

Telecom operator Vodafone Idea reported a net loss of Rs 5,286 crore in the third quarter. This is lower than the loss of Rs 5,524 crore in the previous quarter. Revenue increased by 1.1% quarter-on-quarter. Vodafone Idea's revenue for the third quarter was Rs 11,323 crore. EBITDA increased by 2.8% to Rs 4,817 crore. EBITDA margin increased to 42.5% from 41.8% in Q2. ARPU increased to Rs 186 in Q3FY26 from Rs 173 a year ago, registering a YoY growth of 7.3%, mainly due to customer upgrades.

The company's subscriber base declined by 3.4% YoY to 192.9 million from 199.8 million. However, Vi's postpaid and 4G/5G subscribers saw an increase. The company's postpaid subscriber base grew by 14.2% to 28.8 million from 25.2 million a year ago. The 4G and 5G subscriber base increased to 128.5 million from 126 million on a YoY basis.

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