Vodafone India posts full year FY16 results
The company said that revenue performance was driven by customer additions, stable ARPU and growth in data revenues.
Its data browsing revenue was Rs 8,263 crores, up 45 per cent from the previous year.
It posted EBITDA of Rs 13,115 crores in FY16 and EBITDA margin of 29.5 per cent. Operating Free Cash Flow (OFCF) was Rs 5,354 crores in FY16 compared to Rs 3,221 crores in FY15.
The company said its customer base consisted of ~198 million customers (growth of 7.7% from previous year), who were serviced through a network of 137,332 total sites.
Sunil Sood, Managing Director and CEO, Vodafone India said, “We continue to deliver healthy double digit underlying revenue growth of 10% and a healthy EBITDA margin. There is a strong uptake in data and our usage has gone up 63% YoY. Last year, we also embarked on an ambitious initiative to invest, modernize and expand our network to launch Vodafone SuperNet TM –providing a seamless voice and data experience for our customers.
He added that shortly, Vodfone's 4G services will be available in 1000 towns across 9 circles in India.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
