Vodafone India declared Indian results separately and the company has recorded a Topline growth of 20% in one one of the most difficult years of Indian Telecom industry. This is very much in line with what Vodafone India CEO Marten had told Analysts about his growth projections.
Vodafone India FY 2012 Service revenues were INR 32,184 crores in FY12 compared to INR 26,937 crores in FY11, a growth of 19.5%. What is more important is the Strong cash flow conversion with Operating Free Cash Flow (OFCF) at INR 4,241 crores in FY12 compared to INR 3,256 crores in FY11.
Vodafone India’s ARPU hit a record low of Rs 168 in Sept-2011 Quarter and since then has recovered to Rs 180 a the end of March 2012.
Vodafone is also witnessing uptake in 3G Data Services as it now has 35.4 million active subscribers including that on its EVDO Data Card launched with MTS MBlaze> Data Revenue is up 50% YoY and has reached Rs 2647 Crore from Rs 1756 Cr a year ago.
With strong set of Results, Vodafone India has become the 6th largest operating company for Vodafone Group by revenue contribution.
Vodafone reported 110,000 2G (+8,000 yoy) and 12,000 3G cell sites at end-March 2012. The company is now within 10% of Bharti on 2G cell-site count and the number of 3G sites would be similar for both the companies.