Vodafone India logs 16.5 pc growth in first-half revenue

NEW DELHI: Country's second largest telecom operator Vodafone today posted 16.5 per cent jump in total revenue at Rs 20,476.3 crore for six-month period ended September 30 on the back of strong growth in voice minutes and data revenues.

The company had registered a revenue of Rs 17,581.3 crore in the first half last year.

"We continue to show a healthy revenue growth driven by price hardening, an exponential growth in data and a solid subscriber base. Our focus on profitable growth has led to a strong margin improvement and to a strong operating free cash flow," Vodafone India Managing Director and CEO Martin Pieters said here.

The service revenue of the company grew by 13.5 per cent to Rs 18,481 crore during the reported period from Rs 16,282.6 crore in the corresponding period last fiscal.

Vodafone attributed its revenue strong growth in voice minutes and data revenues. These, however, were partially offset by the effect of seasonality and regulatory changes.

The total subscriber base of the company at the end of H1, FY'14 stood at 15.55 crore.

The company saw increase in voice revenue per minutes at 46.7 paise during H1,FY'14 from 44 paise in H1,FY'13.

The average revenue of Vodafone per user stood at Rs 200. EBIDTA (earnings before interest, taxes, depreciation, and amortisation) of the company improved by 30.6 per cent at Rs 6,519.1 crore in H1, Financial Year 2014 from Rs 4,993 crore its posted in same period of FY 2013.