Vodafone India revenues declined to £947 million for the quarter ending September 30, 2013 , down 13% from £1,091 million in the earlier quarter but up slightly from £924 million in the same quarter last year. For H1-FY14 though, revenue increased to £2,257 million from £1,887 million in the same period last year.
– Mobile in-bundle revenue decreased to £143 million from £154 million in the previous quarter. Mobile out-bundle revenue too declined this quarter to £615 million from £714 million a quarter ago.
Mobile In-bundle revenue represents revenues from bundles that include a specific number of minutes, messages and megabytes of data for no additional charge while mobile out of bundle revenue represents revenues generated from additional minutes, messages and megabytes of data used out of these bundles. Mobile Incoming revenues comprises of revenue generated from voice and messaging termination rates to Vodafone customers.
– YoY however, mobile in-bundle revenue increased from £297 million to £246 million, while mobile out-bundle revenue increased to £1,329 million from £1,244 million.
– Vodafone India has 155.54 million connections for the quarter, up from 155.03 million subscribers in Q1-Fy14.
– Net Additions: Net Additions reduced to 509,000 from 2.7 million in the previous quarter.
– Prepaid Subscribers: Prepaid subscribers currently account for 93.8% of the Vodafone India’s total subscriber base.
– ARPU: Vodafone India’s (blended) ARPU (Average revenue per user) decreased quarter on quarter (QoQ) to Rs 191 from Rs 196 in the previous quarter. Note that there has been a change in the definition of ARPU starting April 1, 2013 and the company notes that ARPU is now calculated by dividing mobile in-bundle customer revenue, mobile out-of-bundle customer revenue and mobile incoming revenue by the average number of customers.
– PostPaid ARPU vs Prepaid ARPU: Postpaid ARPU decreased to Rs762 from Rs 786 in the previous quarter. Prepaid ARPU also decreased to Rs 155 QoQ from Rs 161 in Q1-FY14.
– Churn: Postpaid churn reduced to 18% and prepaid churn increased to 55.4%. Total churn increased to 53.1%. Note that Vodafone accounts for churn over four consecutive quarters.
– Minutes of Use: reduced to 155.5 billion from 159.5 billion in the previous quarter and increased from 144 billion in Q2-FY13.
– Messaging volume: increased to 24.5 billion from 23.4 billion in Q1-FY14 and from 22.8 billion in Q2-FY13.
– Vodafone is taking full control of its Indian unit by buying out minority partners off the 15.5 percent stake it does not already own in a $1.6 billion deal. It also plans to invest additional capital in the unit. Vodafone had earlier applied to the Foreign Investment Promotion Board (FIPB) approval to increase its stake.
In July 2013, the limit for Foreign Direct Investment (FDI) was increased to 100% from the previous limit of 74%.