PRESS TRUST OF INDIA
New Delhi, 12 November
Country’s second largest telecom operator Vodafone today posted a 16.5 per cent jump in total revenue at Rs 20,476.3 crore for six-month period ended 30 September 2013 on the back of strong growth in voice minutes and data revenues.
The company had registered a revenue of Rs 17,581.3 crore in the first half of last fiscal.
“We continue to show a healthy revenue growth, driven by price hardening, an exponential growth in data and a solid subscriber base. Our focus on profitable growth has led to a strong margin improvement and to a strong operating free cash flow,” Vodafone India managing director and CEO Marten Pieters said here.
The service revenue of the company grew by 13.5 per cent to Rs 18,481 crore during the reported period from Rs 16,282.6 crore in the corresponding period last fiscal.
The total subscriber base of the company at the end of H1, FY’14 stood at 15.55 crore.
The company saw increase in voice revenue per minutes at 46.7 paise during H1,FY’14 from 44 paise in H1,FY’13.
The average revenue of Vodafone per user stood at Rs 200.
Tata Global Beverages: Tata Global Beverages Ltd today reported a 51.23 per cent increase in consolidated net profit at Rs 180.03 crore for the second quarter ended 30 September 2013, aided by exceptional income.
The company had posted a net profit of Rs 119.04 crore for the same period of the previous fiscal, Tata Global Beverages Ltd (TGBL) said in a statement.
The company’s net sales during the quarter under review rose to Rs 1,906.23, as compared to Rs 1,842.57 crore during the same period of the previous fiscal. Exceptional income during the quarter was Rs 92.05 crore, the company said.
The company also announced merger of its subsidiary Mount Everest Mineral Water Ltd with TGBL.
“The boards of directors of Tata Global Beverages Limited (TGBL) and Mount Everest Mineral Water Limited (MEMW) in their respective meetings today, approved a proposal to merge MEMW with TGBL,” the company said in the statement.
“This merger will enable increased operational efficiencies and better synergy between both businesses… The proposed merger will facilitate the growth of the Himalayan natural mineral water brand owned by MEMW,” it added.
TGBL is a global beverage business and the world’s second largest tea company. The group’s annual turnover is $1.4 billion and it employs over 3,000 people worldwide.