Vodafone Idea cash Ebitda seen growing 32% CAGR during FY24-28

The analysts, however, cautioned that Vi would need to give about Rs 22,000 crore of bank guarantees (BGs) to the government on completion of payment moratorium on regulatory payouts in September 2025, which would again sharply increase the telco’s bank exposure in coming years. Over the past two years, Vi had managed to sharply cut bank debt to Rs 4,500 crore currently.