News Column

Vodafone India Q1 revenue hits ` 10,323 cr

July 28, 2014

VODAFONE India reported 10.3-per cent increase in its services revenue at ` 10,323 crore in the first quarter ended June 30 on Friday as against ` 9,375 crore in the April-June period of 2013-14.

"India service revenue increased 10.3 per cent driven by continued customer growth, strong data usage and improved voice pricing," UK headquartered Vodafone said in its financial report.

The company had registered revenue of around ` 9,375 crore in its Indian operations for the April-June period of the last fiscal, 2013-14. Vodafone India revenue in terms of GBP declined by about six per cent due to about 17-per cent dip in value of the rupee against British pound. During the first quarter, mobile customers increased by 3.3 million taking its total customer base to 169.9 million in the country. Vodafone India saw increase in Internet services by 102 per cent during the quarter primarily driven by mobile Internet customer growth and 46-per cent increase in usage per customer.

As of June 30, active Internet customers of Vodafone India stood at 57 million, including 10 million 3G customers and 29 million smartphone users, representing 17-per cent penetration of the customer base, according to the report.

Vodafone has plans to increase 3G coverage in the country to 95 per cent at its targeted urban centres from 89 per cent coverage over the next two years.

"In India, where we aim to have 95 per cent 3G outdoor coverage in targeted urban areas over the next two years, we have taken 3G coverage on this footprint to 89 per cent with a further 2,305 sites added," the report said.

In the UK, the company's service revenue decreased 3.2 per cent as consumer contract service revenue growth was offset by continued declines in enterprise, prepaid and fixed line. Mobile service revenue declined 0.6 per cent reflecting pricing pressures in the prepaid and enterprise segments in UK.

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Source: Mail Today (India)

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