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FY-16: Vodafone's data revenue grows 45 percent; service revenue up 5 percent

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BENGALURU: Vodafone India reported 45.2 percent growth in revenue from data (browsing) for the year ended 31 March 2016 (FY-16, current year) as compared to the previous year. The telecom major’s total and service revenues in the current year increased 5 percent each as compared to FY-15. Vodafone’s reported data revenue for the current year at Rs 8,263 crore as against Rs 5,690 in Fy-15. Service revenue in the current year was Rs 44,303 crore as compared to Rs 42,204 crore in FY-15.

Note: The unit of currency in this report is the Indian rupee - Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

(a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.

(b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

(c) All numbers are standalone. The Financial results for Vodafone India have been derived from the consolidated financial results of Vodafone Group Plc. and this may differ from Vodafone India’s financial statements prepared in Indian GAAP, Ind (AS) or IFRS.

Vodafone reported total revenue in the current year at Rs 44.490 crore as compared to Rs 42,378 crore in the previous year. EBIDTA in FY-16 at Rs 13,115 crore (29.5 percent EBIDTA margin) grew 4.1 percent from Rs 12,598 crore (29.7 percent margin) in the previous year. Vodafone says that underlying service revenue growth percentage is adjusted for regulatory impacts.

Vodafone India managing director and CEO Sunil Sood, commented,“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. Last year, we also embarked on an ambitious initiative to invest, modernize and expand our network to launch Vodafone SuperNetTM –providing a seamless voice and data experience for our customers. Shortly, our 4G services will be available in 1000 towns across 9 circles in India. We remain committed to fulfil 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.”

Subscription numbers

Vodafone’s customer base in FY-16 grew 7.7 percent to 19.79 crore from 18.38 crore in FY-15. Data users consuming more than 1 MB data in FY-16 grew 12 percent to 4.48 crore from 4 crore in the previous year.  Data Users grew 5.9 percent in FY-16 to 6.75 crore from 6.38 crore in FY-15. 3G users in FY-16 grew 43.3 percent to 2.78 crore from 1.94 crore in FY-15.

Vodafone reported overall annualized subscriber churn of 51.8 percent as compared to 52.6 percent in the previous year. Post-paid subscriber churn in FY-16 increased to 21.7 percent from20.9 percent in the previous year, while post-paid subscriber churn increased to 54.1 percent from 52.6 percent from the previous year.

Vodafone India is a 100 percent fully owned subsidiary of the Vodafone Group Plc. with operations across the country serving approximately 19.8 crore customers (over 10.7 crore in rural areas).

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