Vodafone India, one of India’s leading telecommunication service providers announces its full year IFRS results for the year ended March 31, 2012.
Key Financial Highlights:
Vodafone India (includes 42{af589cdba9d77786c8c861317dbad60bba1e2ebbf56e2ffab874a1b59fde9ce3} of Indus)
- Service revenues of INR 32,184 crores in FY12 compared to INR 26,937 crores in FY11, a growth of 19.5{af589cdba9d77786c8c861317dbad60bba1e2ebbf56e2ffab874a1b59fde9ce3}
- EBITDA at INR 8,549 crores improved by 21.6{af589cdba9d77786c8c861317dbad60bba1e2ebbf56e2ffab874a1b59fde9ce3} from INR 7,030 crores in FY11 with a margin improvement of +0.5{af589cdba9d77786c8c861317dbad60bba1e2ebbf56e2ffab874a1b59fde9ce3} to 26.3{af589cdba9d77786c8c861317dbad60bba1e2ebbf56e2ffab874a1b59fde9ce3}
- Strong Operational Performance
- Crossed milestone of 150 million customers
- RMS at 20.6{af589cdba9d77786c8c861317dbad60bba1e2ebbf56e2ffab874a1b59fde9ce3} in Q3 FY11/12, consistent growth every quarter; Number 1/2 rank in 12 circles
- ARPU at INR 180 in Q4 FY11/12, driven by better quality of customers and minutes of usage along with stability in Average Revenue per Minute (ARPM)
- Data users at 35.4 million, 81.5{af589cdba9d77786c8c861317dbad60bba1e2ebbf56e2ffab874a1b59fde9ce3} growth YoY
- Continued strategic partnerships to promote and drive penetration of 3G handsets
- Strong MNP performance, among top 2 operators with around 1.7 million net port-ins as on March 31, 2012
- Strong cash flow conversion with Operating Free Cash Flow (OFCF) at INR 4,241 crores in FY12 compared to INR 3,256 crores in FY11, consistent level of capital expenditure and strong working capital performance
- Increase in capex spends from INR 6,155 crores in FY11 to INR 6,216 crores in FY12, while capital intensity improved YoY by 3.5{af589cdba9d77786c8c861317dbad60bba1e2ebbf56e2ffab874a1b59fde9ce3} (from 22.5{af589cdba9d77786c8c861317dbad60bba1e2ebbf56e2ffab874a1b59fde9ce3} in FY11 to 19.1{af589cdba9d77786c8c861317dbad60bba1e2ebbf56e2ffab874a1b59fde9ce3} in FY12)
Vodafone’s Commitment to India
- Long term commitment to India and contribution to growth and development
- 6th largest operating company for Vodafone Group by revenue contribution for FY12
- Invested INR 50,000 crores since 2007
- Built more than 80,000 sites since 2007
- Added over 120 million subscribers over 5 years, connected over 50 million rural subscribers since 2007
- Employ nearly one lac people directly or indirectly
- Support a distribution chain of over 1.4 million small businesses
- Contributed over INR 45,000 crores to the exchequer since 2007
Marten Pieters, Managing Director & CEO, Vodafone India commented:
“We have had a really good year with very strong operational performance, continued Revenue Market Share (RMS) growth and an improvement in margins. Our new circles have performed very well and we now have over 10{af589cdba9d77786c8c861317dbad60bba1e2ebbf56e2ffab874a1b59fde9ce3} RMS in 4 of the 7 circles. We crossed the milestone of 150 million customers and we are proud to differentiate ourselves with a strong brand, the best quality network, unique distribution and great customer service. This strong operating performance and revenue growth delivers a sustainable platform for our long-term commitment to India, the ever dynamic and challenging regulatory environment notwithstanding.”
