Vodafone India, the wholly owned subsidiary of British telecom major Vodafone Group Plc, reported a 4.1 per cent growth in operating profit to Rs. 13,115 crore for FY16, riding strong earnings before interest, taxes, depreciation and amortisation (EBITDA) margins of 29.5 per cent.
The profits were reported on 5 per cent growth in its service revenues to Rs. 44,303 crore, primarily driven by 45 per cent growth in its data revenues to Rs. 8,263 crore and customer additions.
The revenues, excluding regulatory impact for India’s second largest telecom operator by subscribers, have grown 10 per cent to Rs. 46,435 crore as the government reduced interconnection charges — the amount earned on incoming calls on a mobile operator’s network — to 14 paise from 20 paise, and increased service tax and the imposed Swachh Bharat cess.
The company doesn’t publicly disclose its net profit or loss numbers as it is not listed in India and is in the process of preparing for its initial public offering.
