Vodafone India has announced its full year results for the period FY15. The company showed consistent and strong revenue growth where service revenue grew by 12.6 per cent to Rs 42,352 crores in FY15 from Rs 37,606 crores in FY14.
The revenue performance is driven by strong customer additions and robust growth in data revenues.
The EBITDA stood at Rs 12,605 crore in FY15 as compared to Rs 10,847 crore in FY14. The healthy EBITDA margin at 29.6 per cent was led by higher data revenue and scale benefits. The Operating Free Cash Flow (OFCF) was recorded at Rs 3,228 crore in FY15 as compared to Rs 7,647 crore in FY14.
There was high intensity of Capex spend of Rs 8,598 crore in FY15 which was driven by significant investments in new site roll-out to deliver superior customer experience and growth in key focus areas.
Good momentum in operations led to a base of around 184 million customers (a growth of 10.4 per cent YoY) serviced through a network of over 130,000 sites, of which over 35,000 are 3G sites.
The Data (Browsing) revenue was recorded at Rs 5,690 crore in FY15, which is 65.5 per cent growth YoY. 3G revenues grew by 140 per cent YoY, contributing to over 53 per cent to data (browsing) revenue and volume. Data usage and revenue growth led by higher smartphone penetration was at 23.9 per cent of the total customer base, a growth of over 75 per cent YoY. The Vodafone Business Services grew at 22 per cent overall YoY.
The company also launched M-Pesa App as a key business differentiator, to enable convenient payment of bills and recharging on the move.
Sunil Sood, Managing Director and CEO, Vodafone India said, “During the year, we made significant capex investments to expand our network and reach while recording double digit revenue growth of 12.6 per cent and enhanced EBITDA margin to 29.6 per cent. All our focus areas – Data, Vodafone Business Services and M-Pesa performed well and maintain a high growth trajectory. We continue to remain the brand of choice across customers segments – from first time data users in the hinterland to high end postpaid subscribers in urban areas. With in-depth knowledge of local markets, a holistic portfolio of products and services across the consumer and enterprise domains plus global experience and learning, Vodafone India is uniquely positioned to play a meaningful role in fulfilling the vision of Digital India.”