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Vodafone India revenues grow 11.2% to Rs 22,902 crore

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Vodafone India revenues grow 11.2% to Rs 22,902 crore

Vodafone India announced its half-year results (IFRS) for the six month period ended September 30, 2015, today.

The company saw consistent and robust revenue growth; service revenue (excluding regulatory impact) of Rs 22,902 crore in H1FY16 vs. Rs 20,601 crore in H1FY15, a growth of 11.2%.

Revenue performance was driven by customer additions, stable ARPU and robust growth in data revenues. EBITDA at Rs 6,534 crore in H1FY16 vs. Rs 6,121 crore in H1FY15; a healthy EBITDA margin stood at 29.7%, led by higher data revenue and scale benefits.

The company saw a base of 188.2 million customers (growth of 8.2% YoY) serviced through a network of 132,446 total sites, of which 39,774 are 3G sites, and substantial rural presence with a customer base of over 99 million in H1FY16 (53% of total customer base).

Consistently growing Revenue Market Share (RMS) at 22.4% (Q1FY16); gain of 0.4% YoY, service Revenue ARPM stood at 49.4 paise and Voice ARPM at 33.4 paise (both Q2FY16).

The company also saw robust performance by strategic business areas with Data (Browsing) revenues contributing to 18.9% and Vodafone Business Services now contributing to around 15% of Service revenues (both Q2FY16).

Sunil Sood, Managing Director and CEO, Vodafone India commented, “We continue to deliver healthy double digit underlying revenue growth of 11.2% and further enhanced EBITDA margin to 29.7%. Driven by the strong uptake in data, our 3G revenues grew 102% YoY. We will launch our 4G services beginning December 2015 in 5 circles that are key to our data revenues and will continue to expand our own 3G coverage to 16 circles across the country. A robust and resilient network architecture with strong backhaul is being built to support the increasing volumes and need for speed from both retail and enterprise customers. We remain committed to fulfill the evolving needs of our customers and leverage our global experience plus rich understanding of India to play a meaningful role in enabling Digital India.”

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