Vodafone Idea shares surged nearing a 52-week high after reporting a significant net profit jump driven by an accounting gain. The company's revenue and ARPU also saw growth, though analysts remain cautious about future prospects and debt funding.

Vodafone Idea reported a net profit of Rs 51,970 crore in Q4 FY26, largely attributed to a one-time gain from AGR reassessment. Revenue increased 3% to Rs 11,332 crore with an ARPU of Rs 190—the highest in the Indian telecom sector—while the company expanded its 4G/5G subscriber base and launched 5G services across 83 cities.