Vodafone with strength of 37 million data customers on its network, only 3.3 million use 3G services. Vodafone plans to get a pan india coverage through roaming agreements with Bharti Airtel and Idea have been deemed illegal by the telecom department and the matter is before the Supreme Court.
Double digit revenue growth, significant margin improvement resulting in robust cash flows
- Revenues at INR 356 billion, up by 10.6%
- Data (Browsing) Revenues at INR 20 billion, up by 50.5%
- EBITDA margin at 29.7%, grows by 3.4ppt
- Operating Free Cash Flow at INR 63 billion, up by 58.3%
Vodafone India, one of India’s leading telecommunication service providers announces its Full Year IFRS results for the financial year ended March 31, 2013
STRONG FINANCIAL PERFORMANCE
- Consistent revenue growth; Service revenue of INR 356,101 million in FY13 vs. INR 321,844 million in FY12, a growth of 10.6%
- Revenue performance driven by strong growth in voice minutes and data revenues; partially offset by the effect of regulatory changes
- EBITDA at INR 106,406 million in FY 13 vs. INR 85,493 million in FY12 , a significant margin improvement of 3.4 ppt from 26.3% to 29.7%
- Healthy Operating Free Cash Flow (OFCF) at INR 62,951 million in FY13 vs. INR 39,776 million in FY12, growth by 58.3%
- Margin improvement and OFCF driven by scale benefits, operating efficiencies and lower acquisition costs
- Capex spend of INR 47,301 million in FY13 with focus on future growth areas including 3G and data.
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