Telecom operator Vodafone Idea on Tuesday reported narrowing of its consolidated losses to Rs 6,563.1 crore for the fourth quarter ended March compared with the same period of the previous year, while its realisation per user, or ARPU, improved sharply on a sequential basis.

The losses were at Rs 7,022.8 crore in the year-ago period. Revenue from operations rose 6.6 per cent year-on-year to Rs 10,239.5 crore in Q4 FY22.

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).

Asian Paints

Asian Paints on Tuesday reported a marginal increase in consolidated net profit at Rs 874.05 crore for the fourth quarter ended March 31. The company had logged a net profit of Rs 869.89 crore in the year-ago period.

Revenue from operations was up 20.60 per cent at Rs 7,889.94 crore against Rs 6,541.94 crore in the corresponding period of the previous fiscal year. PTI

Total expenses were at Rs 6,677.11 crore as against Rs 5,576.38 crore. Revenue from the paints segment was higher at Rs 7,663.74 crore.