Vodafone Idea's Q4 net loss narrows to Rs 6,563 cr; ARPU rises to Rs 124

The telco's revenue from operations rose 6.6% to Rs 10,240 crore in Q4FY22 from Rs 9,648 crore in the year-ago period

Telecom major Vodafone Idea on Tuesday reported a consolidated net loss of Rs 6,563 crore for the quarter ended March. The company has narrowed its loss by 6.5 per cent as it reported a net loss of Rs 7,023 crore in the corresponding quarter in previous financial year.

Its revenue from operations rose 6.6 per cent to Rs 10,240 crore from Rs 9,647.8 crore in the year-ago period.

Seen sequentially, the revenue was up 5.4 per cent, supported by tariff hikes effective November 25, 2021, the company said in a statement.

The realisation per user measured in terms of ARPU came in at Rs 124, rising from Rs 115 in the prior quarter. This resulted in sequential increase of 7.5 per cent in Average Revenue Per User (ARPU).

“We are pleased to announce third consecutive quarter of revenue growth driven by tariff interventions taken in November 2021. While the overall subscriber base has been impacted primarily on account of the tariff increase, the 4G subscriber base continued to grow on the back of superior data and voice experience offered by Vi GIGAnet.

"We are in the process of creating differentiated digital experience for our customers and added several new digital offerings across various genres during the quarter. We successfully completed first tranche of fund raising in the form of preferential equity contribution of Rs 4,500 crore from our promoters.We continue to actively engage with lenders and investors for further fund raising,” said Ravinder Takkar, MD & CEO, Vodafone Idea Limited.

For the full year FY22, the losses narrowed sharply to Rs 28,245.4 crore, from Rs 44,233.1 crore in the previous financial year.

Revenue from operations for the year ended March 2022 came in at Rs 38,515.5 crore.