News Topical, Digital Desk : Shares of telecom company Vodafone Idea Limited rose by more than 5% on Friday, March 20. The main reason for this surge is the slowing of subscriber decline, which has provided early signs of stability in the company's business.
Major reduction in customer losses
According to Telecom Regulatory Authority of India (TRAI) data for January 2026, Vodafone Idea lost only 4.11 lakh subscribers during the month. This is the lowest monthly decline in the last two years. Previously, during 2024 and 2025, the company was losing around 10 to 20 lakh subscribers every month. Although the company is still losing subscribers, the pace of decline is gradually slowing.
Gradually improving situation: According to the data, while at the beginning of 2024, the number of subscribers lost was around 17 lakh every month, by the end of 2025, this number dropped to below 10 lakh and now stands at just 4.11 lakh in January 2026. The company's total subscriber base has also declined from 21.6 crore in January 2024 to around 19.9 crore by December 2025.
State of the telecom sector: The growth of total mobile subscribers in the country also slowed down in January. A total of 67 lakh new customers were added, which is less than 72.4 lakh in December.
- Bharti Airtel: 4.4 million new customers
- Reliance Jio: 2.44 million new customers
- BSNL: 2.71 lakh new customers
The total wireless subscriber base grew by 0.6% to 126.63 crore, while mobile number portability (MNP) requests remained high at 1.6 crore.
Improvement in Quarterly Results Performance
Vodafone Idea's loss narrowed to ₹5,286 crore in the December quarter from ₹5,524 crore in the previous quarter.
- Earnings: ₹11,323 crore (1.1% QoQ growth)
- EBITDA: ₹4,817 crore (2.8% growth)
- EBITDA margin: 42.5% (previously 41.8%)
- ARPU: ₹186 (up 7.3% from ₹173 last year)
Share Status:
The company's stock was trading 5.5% higher at ₹9.43 as of 1:57 pm on Friday. However, it is still down about 26% from its 52-week high of ₹12.80. The stock has fallen 18.7% so far in 2026, while it has returned about 30% over the past 12 months.
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