Vodafone India on Tuesday reported a 5 per cent increase in service revenues to Rs 44,303 crore (inclusive of regulatory impact) for the fiscal year ending March 2016, on the back of strong growth in data revenue.

In its Annual Full Year Results, Vodafone said that data revenues jumped by 45 per cent to Rs 8,263 crore in the FY16 compared to the previous year.

“There is a strong uptake in data and our usage has gone up by 63 per cent year on year…Overall if you look at the results a strong underlying growth rate continues,” Sunil Sood, MD & CEO, Vodafone India said. Vodafone India’s EBITDA (Earnings before Interest Tax Depreciation and Amortisation) increased by 4.1 per cent to Rs 13,115 crore in FY 2015-16.

It added that its subscriber base grew by 7.7 per cent to 197.9 million during the same period. The total number of network servicing sites increased by 35,000 to 137,332 during the FY16.

Vodafone India invested Rs 8,010 crore in capital investments in FY 2015-16, lower than Rs 8,598 crore it had invested in the previous year, the firm said.

When asked whether Vodafone India would float an Initial Public Offering anytime soon, Sood said “We are positively inclined (to have an IPO), but that depends on the Board. The board has its own measures on when we’re ready.”