Technoglitch
Core Member
Increased data traffic and new subscribers buoyed the revenues and operating income of Vodafone India in the first half of the current financial year.
The country’s second largest telecom operator, which is looking at listing in the near future, reported a revenue of Rs 22,902 crore in the first six months of 2015-16, up 6.2 per cent from the corresponding period a year ago. Adjusting for the impact of a drop in interconnect charges, the company’s service revenue grew 11.2 per cent.
Vodafone’s operating profit (earnings before interest and tax) during the same period rose 17.3 per cent to £234 million, or Rs 2,348 crore. The operating margin expanded 0.2 percentage points to 29.7 per cent, year on year.
“Growth in data demand was partially offset by a number of regulatory changes, including mobile termination rate cuts, roaming price caps and an increase in service tax. Excluding this impact, service revenue growth in the first half was 11.2 per cent,” said Sunil Sood, chief executive officer of Vodafone India.
Vodafone India operating profit up 17.3% in H1 FY16; gets ready for IPO | Business Standard News
The country’s second largest telecom operator, which is looking at listing in the near future, reported a revenue of Rs 22,902 crore in the first six months of 2015-16, up 6.2 per cent from the corresponding period a year ago. Adjusting for the impact of a drop in interconnect charges, the company’s service revenue grew 11.2 per cent.
Vodafone’s operating profit (earnings before interest and tax) during the same period rose 17.3 per cent to £234 million, or Rs 2,348 crore. The operating margin expanded 0.2 percentage points to 29.7 per cent, year on year.
“Growth in data demand was partially offset by a number of regulatory changes, including mobile termination rate cuts, roaming price caps and an increase in service tax. Excluding this impact, service revenue growth in the first half was 11.2 per cent,” said Sunil Sood, chief executive officer of Vodafone India.
Vodafone India operating profit up 17.3% in H1 FY16; gets ready for IPO | Business Standard News
