Vodafone India, the country's second largest mobile operator, today said its adjusted operating profits rose by more than three-fold to GBP 221 million (about Rs 1,853 crore) for the year ended March 31, 2013.
Have you read: Sibal favouring Vodafone, claims Arvind Kejriwal's APPThe company, part of the UK-based Vodafone Group, had posted an adjusted operating profit of GBP 60 million (about Rs 503 crore) in the year-ago period, it said in a release. Vodafone India revenues also rose by 1.17 percent to GBP 4.32 billion (about Rs 361.9 billion) from GBP 4.27 billion (about Rs 357.7 billion) during the same period.
Its free cash flow for year ended March 31, 2013 rose to GBP 729 million from GBP 531 million in the year-ago period.
(More on numbers)The company says that the growth for the fiscal has been negatively impacted by the introduction of new consumer protection regulations.
As for its plans of the IPO, the company says that it was awaiting clarity on spectrum pricing and hopes to tap the capital markets by 2014.
Chief Executive Marten Pieters said the company will wait for clarity on rules around airwaves and cellular permits before going ahead with the IPO.
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