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Vodafone Idea narrowed its net losses for the March quarter on strong revenue growth, aided by tariff hikes. Net loss for the January-March period stood at 6,563 crore, lower than 7,230 crore reported in the December quarter and 7,022 crore in the last year period.

Revenue grew to 10,395 crore for the reporting period, a sequential growth of 5% year-on-year growth of 8%, supported by tariff hikes.

ARPU for the quarter stands at 124 vs 115 in prior quarter.

“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," said VI MD and CEO Ravinder Takkar.

On Tuesday, Vodafone Idea shares traded 2.79% lower at 8.70 apiece on NSE.

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