Vodafone Idea shares acquire 4% submit earnings announcement

Shares of telecom operator Vodafone Idea gained 4 per cent in morning commerce on Wednesday, a day after the corporate reported narrowing of its consolidated losses to Rs 6,563.1 crore for the fourth quarter ended March.

The inventory jumped 3.31 per cent to Rs 9.03 on the BSE.

At the NSE, it went up by 4 per cent to Rs 9.05 apiece.

Vodafone Idea on Tuesday reported narrowing of its consolidated losses to Rs 6,563.1 crore for the fourth quarter ended March, in comparison with the identical interval of the earlier yr, whereas its realisation per person or ARPU improved sharply on a sequential foundation aided by November tariff hikes.

VIL’s losses had been at Rs 7,022.8 crore a yr in the past, as per an organization submitting.

Its income from operations rose 6.6 per cent year-on-year to Rs 10,239.5 crore in This autumn FY22. Seen sequentially, the income was up 5.4 per cent supported by tariff hikes efficient November 25, 2021, the corporate stated in an announcement.

The realisation per person measured by way of ARPU — a key metric for telcos — rose to Rs 124 for the just-ended quarter from Rs 115 within the prior three-month interval.

This translated right into a sequential improve of seven.5 per cent in Average Revenue Per User (ARPU), though the corporate’s subscriber base declined to 243.8 million in opposition to 247.2 million in Q3 FY22, primarily as a result of tariff hike.