Vodafone India has posted its half year IFRS results for the six month period ending September 30, 2013
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Key financial highlights:
- The company posted a 13.5 per cent increase in service revenues, at Rs 184,809 million in the first half of financial year 2014, compared to Rs 162,826 million in the first half of financial year 2013.
- This was driven by price hardening, strong growth in voice minutes and data revenues and was partially offset by the effect of seasonality and regulatory changes
- EBITDA stood at Rs 65,191 million in the first half of financial year 2014, compared to Rs 49,930 million in the first half of financial year 2013. EBITDA margin stood at 31.8 per cent
- Operating free cash flow stood at Rs 47,706 million in the first half of financial year 2014, compared to Rs 33,779 million in the first half of financial year 2013, a 41.2 per cent growth.
- Capex spending increased by 12 per cent over the first half of financial year 2013 and stood at Rs 19,087 million in the first half of financial year 2014.
Operational highlights:
- The company?s subscriber base stood at 155.5 million customers at the end of the half-year. These customers were serviced through a network of over 116,500 sites
- Vodafone India?s rural customer base stood at 83.2 million in September 2013, accounting for over 50 per cent of the company?s total subscriber base
- The company?s revenue market share stood at 21.9 per cent in the first quarter of financial year 2014, a 0.9 per cent year-on-year growth
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