Marten Pieters in Mumbai on Tuesday. (AFP)
Mumbai, May 22: Vodafone India has posted a 21.6 per cent increase in earnings before interest, tax, depreciation and amortisation at Rs 8,549 crore in 2011-12 on the back of a swelling customer base and a strong growth in voice traffic.
Revenues grew 19.5 per cent to Rs 32,184 crore from Rs 26,937 crore in the previous fiscal.
Vodafone India managing director and CEO Marten Pieters said, “We have had a really good year with very strong operational performance and an improvement in margins. Our new circles have performed very well and we now have over 10 per cent revenue market share in four of the seven circles.”
Pieters said the company was preparing for an initial public offer. He, however, declined to divulge dates as it would depend on telecom regulator Trai’s final decision on spectrum auction.
In 2011-12, Vodafone crossed a milestone of 150 million customers. The average revenue per user stood at Rs 180 in the fourth quarter.
Vodafone India’s data users stood at 35.4 million, a year-on-year growth of 81.5 per cent. The firm also benefited from mobile number portability, with around 1.7 million net port-ins as on March 31.
While announcing the UK-based Vodafone group’s results in London, CEO Vittorio Colao said the British telecom firm’s revenue growth could be attributed to a strong presence in India and Africa.
He said the company had faced problems last year because of some unexpected regulatory changes, particularly in India.
Colao added that the company, which is locked in a tax dispute with the Indian government, was frustrated by its decisions. “I am a bit frustrated and disappointed that the government has not addressed the uncertainty caused by the retrospective tax legislation.”
Tata firm net
Tata Communications’ net loss for the fourth quarter of 2011-12 has widened to Rs 261 crore from Rs 157 crore in the year-ago period.