Vodafone India has posted its results for the financial year 2013. The company’s service revenue has increased from Rs 321.84 million in 2012 to Rs 356.10 million in 2013, registering a growth of 10.6 per cent.
For the period under review, the company’s earnings before interest, taxes, depreciation, and amortisation stood at Rs 106.40 million. For the full year, Vodafone India’s operating cash flow stood at Rs 63 billion registering a growth of 58.3 per cent over 2012.
The company has attributed its strong performance in 2013 to growth in voice minutes and data revenues which, it says, has been partially offset by the effects of regulatory changes.
For the full year 2013, the operator’s data revenues stood at Rs 20 billion, registering a growth of 50.5 per cent over 2012. The company’s capex for the year stood at Rs 47.30 million on account of huge investments in 3G and data services.
Commenting on the results, Marten Pieters, managing director and chief executive officer, Vodafone India, says, “The industry growth was negatively impacted this year by the new acquisition and processing fee regulations; however customer base growth and improved usage has led to a strong exit. We continue to show a healthy double digit revenue growth driven by strong increase in voice minutes and an accelerated data performance.”
For more details, please download the attachment.
