Vodafone India Posts Rs 44,490 Cr Revenue In FY 2015-16

by CXOtoday News Desk    May 18, 2016

Vodafone Building Image Courtesy WikipediaVodafone India has announced the yearly results. The company has reported a 5 per cent jump in total revenue at Rs 44,490 crore for the fiscal ended March 31 against a total revenue of Rs 42,378 crore in the last fiscal. Data growth and customer additions were the key growth drivers of the growth this fiscal, Vodafone said.   

The earnings before interest , taxes , depreciation and amortisation for the reported fiscal stood at Rs 13,115 crore as against Rs 12,598 crore in the previous year. Data revenue grew 45 per cent to Rs 8,263 crore in Financial year 2016 as compared with Rs 5,690 crore last year. 

“There is a strong uptake in data and our usage has gone up 63 per cent year-on-year. Shortly, our 4G services will be available in 1,000 towns across 9 circles in India,” PTI report published in Times of India quoted Vodafone India MD and CEO Sunil Sood as saying. 

“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,” added Sood.

The company made a capital expenditure of Rs 8,010 crore during the year. Standalone net debt for Vodafone India for Financial year 2016 is around Rs 81,500 crore. 

Vodafone said it has a subscriber base of 198 million customers serviced through a network of 1,37,332 total sites, of which 62,673 are 3G+4G sites. The average revenue per user ( ARPU ) stood at Rs 205 in Q4 financial year 2016, supported by good quality of subscribers.