Vodafone India has reported revenue of Rs 320 billion for FY 2012. Its revenue in India is up by 19.5 per cent in comparison to FY 2011.
Vodafone India?s EBITDA is up by 21.6 per cent at Rs 85.49 billion. The company?s customer base has expanded to 150 million customers.
Commenting on the strong operational performance of the company, Marten Pieters, Managing Director and Chief Executive Officer, Vodafone India, stated, ?We have had a really good year with very strong operational performance, continued Revenue Market Share (RMS) growth and an improvement in margins. Our new circles have performed very well and we now have over 10 per cent RMS in 4 of the 7 circles. We crossed the milestone of 150 million customers and we are proud to differentiate ourselves with a strong brand, the best quality network, unique distribution and great customer service.?
The company?s service revenues have increased to Rs 321.84 billion in FY 2012 as compared to Rs 269.37 billion in FY 2011. Thus, there has been a growth of 19.5 per cent in the company?s service revenues.
Vodafone India?s RMS stands at 20.6 per cent in Q3 FY 2011-12. With consistent growth every quarter it is ranked mostly number 1 and 2 in 12 circles. The company?s Average Revenue Per User (ARPU) stands at Rs 1.8 billion in Q4 FY 2011-12, driven by better quality of customers and minutes of usage along with stability in Average Revenue per Minute (ARPM).
With a year-on-year growth of 81.5 per cent the company?s data users stand at 35.4 million. To further strengthen its position in the country Vodafone India is looking at continuing with strategic partnerships to promote and drive penetration of 3G handsets.
?The strong operating performance and revenue growth delivers a sustainable platform for our long-term commitment to India, the ever dynamic and challenging regulatory environment notwithstanding.? commented Pieters.
Vodafone India has shown strong cash flow conversion with Operating Free Cash Flow (OFCF) at Rs 42.41 billion in FY 2012 over Rs 32.56 billion in FY 2011, with consistent level of capital expenditure and strong working capital performance.
The company has also reported increase in capex spends from Rs 61.55 billion in FY 2011 to Rs 62.16 billion in FY 2012, while its capital intensity improved year-on-year (YoY) by 3.5 per cent from 22.5 per cent in FY 2011 to 19.1 per cent in FY 2012.
