The company has continued to witness steady growth and has posted service revenues of Rs 174,189 million in H1 financial year 2013, compared to Rs 153,538 million in H1 financial year 2012, a 13.5 per cent growth.
The company’s EBITDA stood at Rs 49,930 million in H1 financial year 2013, compared to Rs 39,638 million in H1 financial year 2012, a margin improvement of 2.8 ppt from 25.6 per cent to 28.4 per cent.
Currently, the operator is servicing a base of 153 million customers through a network of over 112,900 sites. It has increased penetration in rural areas, with 73 million rural subscribers. It witnessed the highest incremental revenue market share of 30.3 per cent in the first quarter of financial year 2013 on a year-on-year basis.
Its active subscriber base was 90 per cent for the period under consideration, it had 32 million data users and browsing revenue stood at Rs 8,751million in H1 financial year 2013, a 50 per cent year-on-year growth.
Operating free cash flow stood at Rs 33,773 million in H1 financial year 2013, compared to Rs 24,298 million in H1 financial year 2012. Capex spending stood at Rs 17,047 million in H1 financial year 2013, compared to Rs 24,261 million in H1 financial year 2012, due to cautious site rollout in view of regulatory uncertainty and challenging economic conditions
Commenting on the results, Marten Pieters, managing director and chief operating officer, Vodafone India said, “We continue to show a healthy growth with a strong financial performance resulting in remarkable margin improvement of 2.8ppt year-on-year (H1). The industry continues to be under pressure owing to a challenging economic environment and regulation. Despite these challenges, we remain focused on enhancing our profitability and our long-term commitment to differentiate ourselves with a strong brand, the best quality network, unique distribution and great customer service.”
