Vodafone‘s India services revenues for the quarter ended 30th June 2012, was at GBP 1029 million, a decline of 1% YoY. Note that Vodafone’s financial report as well as presentation slides mention a 16.2% YoY growth in service revenues, citing organic growth related to performance on a comparable basis, both in terms of merger and acquisition activity and movements in foreign exchange rates.
According to the company this growth was driven by an 8.6% increase in the closing customer base, strong growth in incoming and outgoing mobile voice minutes and 1.6% growth in the effective outgoing rate per minute. However, growth this quarter was 4.9% lower than Q4 FY12, which had benefited from higher year-on-year customer growth, according to Vodafone.
Revenue from voice services decreased 3.9% quarter on quarter to GBP 809 million.
There was a decline in messaging revenue – Messaging revenue was at GBP 38 million, a decline of 25.49% compared to last quarter’s revenue of GBP 51 million.
- ARPU: Vodafone India’s (blended) ARPU increased quarter on quarter at Rs 180 from Rs 179 in the previous quarter.
- PostPaid: Postpaid ARPU marginally decreased to Rs 717 quarter on quarter, from 735. Prepaid ARPU increased marginally from Rs 151 to Rs 152 during the quarter.
- Churn: Postpaid churn increased to 21.3%, while prepaid churn dipped to 76.5%. Please keep in mind that Vodafone accounts for churn over four consecutive quarters.
- Minutes of Use: increased to 148.042 billion from 142.12 billion, even though there was a price hike.
- Tax Case & Retrospective Taxing: On 20 January 2012 the Group received a favourable judgment from the Indian Supreme Court in respect of the tax case regarding the acquisition of Vodafone India Limited in 2007. The Court concluded that Vodafone had no liability to account for withholding tax on its acquisition of interests in Hutchison Essar Limited (now Vodafone India Limited) in 2007.
Read More : Vodafone Had 31M Data Subs At End Of Q1-FY13; Service Revenue Down 1% YoY - MediaNama
According to the company this growth was driven by an 8.6% increase in the closing customer base, strong growth in incoming and outgoing mobile voice minutes and 1.6% growth in the effective outgoing rate per minute. However, growth this quarter was 4.9% lower than Q4 FY12, which had benefited from higher year-on-year customer growth, according to Vodafone.
Revenue from voice services decreased 3.9% quarter on quarter to GBP 809 million.
There was a decline in messaging revenue – Messaging revenue was at GBP 38 million, a decline of 25.49% compared to last quarter’s revenue of GBP 51 million.
- ARPU: Vodafone India’s (blended) ARPU increased quarter on quarter at Rs 180 from Rs 179 in the previous quarter.
- PostPaid: Postpaid ARPU marginally decreased to Rs 717 quarter on quarter, from 735. Prepaid ARPU increased marginally from Rs 151 to Rs 152 during the quarter.
- Churn: Postpaid churn increased to 21.3%, while prepaid churn dipped to 76.5%. Please keep in mind that Vodafone accounts for churn over four consecutive quarters.
- Minutes of Use: increased to 148.042 billion from 142.12 billion, even though there was a price hike.
- Tax Case & Retrospective Taxing: On 20 January 2012 the Group received a favourable judgment from the Indian Supreme Court in respect of the tax case regarding the acquisition of Vodafone India Limited in 2007. The Court concluded that Vodafone had no liability to account for withholding tax on its acquisition of interests in Hutchison Essar Limited (now Vodafone India Limited) in 2007.
Read More : Vodafone Had 31M Data Subs At End Of Q1-FY13; Service Revenue Down 1% YoY - MediaNama