EBITDA or operating profit of the UK-based company's arm stood at Rs. 12,605 crores for 2014-15, as compared to Rs. 10,847 crores in the previous fiscal.
The company had reported a total revenue of Rs. 37,777 crores in the 2013-14 fiscal.
"All the focus areas data, Vodafone business services and M-pesa performed well and maintain a high growth trajectory," Vodafone India MD and CEO Sunil Sood told reporters here.
Vodafone India is now the third largest contributor to the Group's service revenues, Sood added.
Its customer base stands at around 184 million and the average revenue per user at Rs. 200 in the fourth quarter of 2014-15.
The company made a capital expenditure of Rs. 8,598 crores, mainly on new site roll out, in the fiscal ended March.
The net debt for the company stands at Rs. 47,807 crores as of March.
In a press statement, Vodafone added that operating free cash flow (OFCF) rose to Rs. 3,228 crores in FY15, compared to Rs. 7,647 crores in FY14, citing higher capital expenditure and IRU settlement with Indus.
The firm added that its customer base had grown 10.4 percent YoY to 184 million customers. It said it now has a network of over 130,000 sites, of which over 35,000 are 3G sites. Vodafone India's rural presence was pegged at nearly 97.9 million subscribers in FY15, accounting for 53 percent of its total customer base.