Vodafone Idea Limited has reported a loss of ₹4,881.9 crore in the fourth quarter as compared to ₹5,033 crore in the preceding quarter on account of improving synergies due to merger of Vodafone India with Idea Cellular in August 2018.

There was a marginal increase in revenue during the quarter to ₹11,775 crore compared to the immediate preceding quarter as the service revenue inched up after 11 quarters of decline, indicating that the worst may be over for the company.

The telco’s average revenue per user(ARPU) improved by 16.3% on quarter to ₹104 per customer per month compared to ARPU of ₹89 in the earlier quarter.

The company, formed after merger of Vodafone India with Idea Cellular in August 2018, had reported a loss of ₹5,006.5 crore in the September 2018 quarter and loss of ₹5,033 crore in the December 2018 quarter.

“The strategic initiatives taken post-merger to improve revenues and ARPU have started to become visible in our financial results. The average daily revenue (ADR) for the quarter grew 2.3% QoQ after witnessing successive decline for the 11 prior quarters, benefiting from the introduction of ‘service validity vouchers,” said a company statement.