Vodafone India Sept revenue up over 11%

By: | Published: November 12, 2014 12:18 AM

Vodafone India on Tuesday reported 11.7% increase in its revenue at R20,746.90 crore for the April-September period...

Vodafone India on Tuesday reported 11.7% increase in its revenue at R20,746.90 crore for the April-September period (H1FY15) on the back of data revenues, customer additions and stable pricing. The company had posted revenues of R18,571.10 crore in the same period last fiscal.

During the period, Vodafone, which is the country’s second-largest mobile operator by revenues and subscribers, posted a 29.5% increase in its Ebitda at R6125.10 crore led by higher data revenue and scale benefits. The operating free cash flow of the company stood at R833.70 crore against R4,891.70 crore during the previous year due to an exceptional financial settlement with Indus and higher capital expenditure, the company said.

The company, however, saw a 11.8% year-on-year (y-o-y) growth on its customer count which stood at 17.4 crore at the end of September 2014. These customers are being serviced through a network of over 124,000 total sites, of which close to 28,000 are 3G sites, the company said in a release.

The Service Revenue ARPM stood at 49.9 paise, Voice ARPM at 37.3 paise, while the Stable Service Revenue ARPU at R200, the company said.

“Robust performance by new business areas with data (browsing) revenues contributing to 13.5% and Vodafone Business Services now contributing to over 13% of Service revenues,” it added.

During H1FY15, the data (browsing) revenue at R25,52.50 crore, was up 65.5% from the previous year. The number of 3G users nearly doubled to 13.6 million during H1FY15, contributing nearly 50% to data revenue and volume.

“We have delivered a healthy double digit revenue growth driven by strong customer additions and robust growth in data. Our focus areas for future growth – Data, Vodafone Business Services and M-Pesa have performed well and continue to be on a high growth trend. Driven by the strong uptake for data, 3G revenue has grown by 150% y-o-y,” Marten Pieters, managing director and CEO, Vodafone India said.

“M-Pesa, is gaining strong momentum and will play a vital role in enabling financial inclusion and m-commerce, working successfully with government institutions and channel partners. Vodafone Business Services is making good progress with a strong and enriched portfolio catering to the corporate and enterprise customers. We continue to make significant investments in expanding and upgrading our network for fulfilling the evolving needs of our customers,” he added.

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