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Vodafone India revenue grows 6.3% in Q3

Growing customer base increased income while global revenue fell 2.3% . HT reports.
Hindustan Times | By HT Correspondent, Mumbai
UPDATED ON FEB 09, 2012 09:40 PM IST

Vodafone India on Thursday posted a 6.3% growth in its revenue at £1 billion (Rs 7,854 crore) year-on-year for the quarter ended December.

Its India business outperformed the overall global revenue, which fell by 2.3% to £11.6 billion (Rs 90,457 crore) for the quarte under review.

The company has attributed its growth in revenue to increase in customer base. Vodafone India had posted revenue of £963 million (Rs 7,563 crore) during year-ago period.

“Service revenue in India grew by 20% driven by an increase in the customer base, and 46.4% growth in data revenue,” said the company in a press release. “Whilst the market remains highly competitive, the effective rate per minute increased slightly compared to Q2 following the penetration of recent price rises into customer base.”

As of December 31, 2011, Vodafone India has 31.2 million data customers. Last month, the Supreme Court had given a favourable verdict to Vodafone in the tax case.

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