Vodafone India posts 10% rise in revenues in FY 16, thanks to robust data growth

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Country’s second largest telecom company Vodafone India today reported a 10% rise in its total revenue to Rs 46,435 crores for the fiscal ended March 31 2016, as against Rs 42,378 crore in FY15. The company’s data business saw a growth of 45.2 percent in the last fiscal to Rs 8,263 crore compared to Rs 5,690 crore in FY15.

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EBIDTA (Earning before interest, taxes , depreciation and amortization ) for the fiscal was at Rs 13,115 crore, which grew by 4.1 percent from Rs 12,598 core in the previous year.

Vodafone India Managing Director and CEO Sunil Sood said: “We continue to deliver healthy double digit underlying revenue growth of 10 percent and a healthy EBITDA margin. There is a strong uptake in data and our usage has gone up 63 percent YoY. Shortly, our 4G services will be available in 1,000 towns across nine circles in India. 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.”

The company has also made an investment of Rs 8,010 crores in FY16; (18% of revenues) driven by continued top line growth and maintenance of margin.

It also has an operating free cash flow of Rs 5,354 crores in FY16 as against Rs 3,221 crores in FY15. Standalone net debt for Vodafone India stands at around Rs 81,500 crore at the end of FY 16. It has also added preparations for its Indian unit IPO are underway.

Subscriber figures & ARPU :

Vodafone India now has 198 million customers, up by 7.7 percent than last year.

Rural customer base reaches 106 million.

Postpaid customer base saw a growth of 15.2 percent Y-O-Y to 14.2 million users.

As per VLR report, Vodafone has 96.5% active subscribers.

The average revenue per user (ARPU) stood at Rs 205 while voice ARPU was 35.3 paise.

Data customer base & usage :

67.5 million total data users , of which 44.8million used more than >1MB .

27.8 million customers are using 3G & 4G data services.

Data revenues from 3G & 4G services grew by 79% YoY, contributing to 70% to total data revenue .

Average data usage per user per month was 679 mb ( including all data customers ) while it was 800 mb per user per month for 3G & 4G customer base.

Blended data ARPU (Average Revenue Per User) for the year is Rs 163, up from Rs 141 in the previous year ( FY 15).

More than 32% customers in Vodafone network now owns a smartphone.

Coverage:

Vodafone’s network now covers 86% of the total land while its rural penetration stands at 79%.

Vodafone has expanded its 3G and 4G networks and now has 62,673 3G , 4G BTS out of total 137,332 sites.

Vodafone SuperNetTM 4G services to be present across 1,000 towns this year with expansion in four additional circles of Haryana, Gujarat, UP East and Rest of Bengal.

M Pesa :

Vodafone M-Pesa active user base stood at 1.3 million. While the number of M-Pesa agents stood at 120,000. The total user base stood was at 5.4 million.

Enterprise Segment:

Vodafone India’s enterprise arm Vodafone Business Solution is growing at 21% YoY, led by strong growth in fixed line and in SME business and now contributes 15% to overall company revenue.

My Vodafone:

New refreshed MyVodafone App with intuitive navigation and personalized features attracted 4.5mn unique users in just four months since launch. However, total downloads figures are 7.5 million till FY 16.

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