The company reported a much lower net loss of Rs 160 million for the quarter ended June 2014
BestMediaInfo Bureau | Mumbai | July 23, 2014
According to a press statement sent to the stock exchanges by the company, Dish TV India Ltd has reported EBITDA of Rs 1,571 million for the quarter ended June 2014 (Q1FY15). This is a 21.9% jump from the EBITDA of Rs 1,289 million reported in the quarter ended March 2014.
While the company had reported a loss of Rs 1,490 million in the quarter ended March 2014, for the quarter under review they have reported a much lower loss of Rs 160 million.
The subscription revenues for the quarter stood at Rs 5,886 million, while the total standalone operating revenues were at Rs 6,407 million.
Dish TV added 332,000 subscribers during the quarter which brings the total subscriber base of 11.7 million subscribers at the end of the quarter. The Average Revenue per User (ARPU) was recorded at Rs 170.
Dish TVâs primary expenses include cost of goods and services, personnel cost, administrative cost, advertisement expenses and selling expenses, which decreased by around 5% compared to the last quarter.
Subhash Chandra, Chairman, Dish TV India, said, âThe sound of the economic growth engine chugging is music for the media and entertainment industry. With consumer confidence gaining traction, efforts towards attaining an environment of moderate inflation will go a long way in boosting consumption demand further. In fact, a new sense of buoyancy thrives already and consumer centric businesses can be potential game-changers in the years ahead.â
Chandra further said, âGoing by the first quarter run-rate, the Indian DTH industry seems to have set ground for a 25% growth in subscriber additions this year. Factoring in the opportunities ahead, Dish TV is optimistic about outgrowing the industry growth rate. The company delivered in line with expectations during the first quarter and reclaimed its position as the fastest growing DTH player in the country.â
Jawaharlal Goel, Managing Director, Dish TV India, said, âPost a mediocre 2014, fiscal 2015 had a promising start for the DTH industry. Dish TV, supported by a debt light balance sheet and a more willing consumer market, led the industry growth by garnering the highest incremental share during the quarter.â
âWe continued to expand âZingâ, our innovative offering for vernacular content across regional markets. The âZingâ service is now available across Odisha, West Bengal, Tripura, parts of Assam and most parts of Maharashtra. A powerful sub-brand, âZingâ has also propelled the sales of the main brand through a wider reach and top of mind recall. Moving closer towards Phase 3 and 4 of digitization we remain optimistic about our strategy to capture leading share in these markets,â Goel added.