Vodafone's India revenue up nearly 12% at 20,746 crore in H1'14-15
11 November 2014
Telecom operator Vodafone India has reported an 11.7-per cent increase in its revenue at Rs20,746.9 crore for the first half of the financial year (April-September 2014-15), on the back of data revenues, customer additions and stable pricing.
The company had reported revenues of Rs18,571.1 crore in the corresponding period of the previous year.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) during H12014-15 stood at Rs6,125 crore, compared with Rs5,472 crore during the first half in 2013-14.
The data segment now contributes 13.5 per cent to service revenues of the company.
Services revenue rose 13.2 per cent in India, while it remained negative - although improved from the prior quarters – across much of Europe with Q2 revenue down 3.4 per cent in Germany, (-) 9.7 per cent in Italy (-) 3 per cent in the UK, and (-) 9.3 per cent in Spain while Vodacom revenues were up 0.3 per cent.
Vodafone India said it had a customer base of 174 million by the end of September 2014, a growth of around 12 per cent year-on-year.
These customers were serviced through a network of over 1.24 lakh total sites, of which close to 28,000 are 3G sites, it said.
Vodafone India also said that it had spent Rs3,509 crore during the period, with significant investments in new site roll-out to deliver superior customer experience and growth in key focus areas.
"We have delivered a healthy double digit revenue growth driven by strong customer additions and robust growth in data, "Vodafone India MD and CEO Marten Pieters said.
The average revenue per minute for the company stood at 49.9 paisa and average revenue per user at Rs200.
Vodafone has a network of over 1,24,000 sites. The company made a capital expenditure of Rs 3,509.1 crore for H1 FY15.
Group revenue in the first half rose 8.9 per cent to £20.8 billion (Rs128,034 crore) while organic service revenue was down 2.8 per cent to £19.1 billon (Rs117,570 crore).
Group organic service revenue in Q2 was down 1.5 per cent compared to a 4.2 per cent fall in Q1 due to improved commercial performance and reduced impact of mobile termination rate (MTR) cuts.