New Delhi: Vodafone India reports steady financial performance, maintaining its revenue at Rs42,956 crore in fiscal year 2017, despite aggressive launch of rival Reliance Jio. Strong customer additions and growth in data revenues helped capture market share.
Vodafone’s earnings before interest, tax, depreciation and amortisation (Ebitda) stood at Rs11,784 crore in fiscal year 2017. The company posted a healthy Ebitda margin of 27.3%.
The average revenue per user was Rs140 in the fourth quarter of FY17 versus Rs160 in the same quarter last year.
Vodafone’s operating free cash flow was at Rs2,992 crore in fiscal 2017. The company sustained and prioritized capital investments of Rs8,311 crore in fiscal 2017.
The company’s capex intensity of 19.3% was driven by significant investments in new broadband site roll-out to deliver superior customer experience and growth in key focus areas.