Vodafone India revenue rises 6.9% to rs.11,218 Cr. It reported a 6.9% increase in revenues.they said that the Telecom Regulatory Authority Of India not lowered the mobile termination rate, the revenue would have grown 11%. The increase in revenue was because the company added 3.1 million new data customers, taking the total data base to 66.8 million.
Vodafone said its progress on project Spring- the company’s strategy to accelerate growth in emerging markets, and a focus on data and enterprise-remains strong with 1000 2G sites and 1,100 3G sites added in the quarter,taking the 3G outdoor population coverage in targeted urban areas to 91%.Six Year High Refining Margins Take RIL Q1 net to Rs.6,222 Cr.
It reported a 4.4% jump in its net profit driven by better than expected gross refining margins (GRMs).GRMs the highest recorded by the company in the last six years,stood at $10.40 per barrel compared with $8.70 per barrel in the first quarter of last fiscal. RIL Officials said that the DD-SS scenario for fuels was favourable at the moment with a sharp rise in demand for transportation fuels helping the company realise strong refining markets. Chairman added that the financial performance reflects the benefits of integrated hydrocarbon chain activities in a benign oil price event.
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