SME Times News Bureau | 22 May, 2013
Vodafone India, the second largest mobile operator in the country clocked Rs.35,600 crore revenue for financial year 2012-13, a 10.6 percent rise, a top company official said on Tuesday.
“While ending the year our customer base was 152.4 million, which is up by 2 million from last fiscal," managing director and CEO Marten Pieters said at a press meet in New Delhi.
The company's adjusted operating profits rose by more than three-fold to 221 million pounds (about Rs.1,853 crore) for the year ended March 31, 2013.
Asked about its initial public offer (IPO) in India, he said that it is unlikely to take place this year. “IPO depends on the clarity of spectrum prices. In 2014, a lot of our licences will be coming up for renewal.”
Talking about capital investment, he declined to disclose the amount. Pieters said the company will make "reasonably healthy level" of capital expenditure this year.
“The future area of growth in India, is in data,” he said, indicating it is likely that most of the investment will be seen in that area.
On whether the company is planning to raise the headline tariff soon, he said: “There is no such plans yet. But the discount schemes have been reduced.”
