Dish TV reports net profit of Rs 542 mn in Q1 FY16

The DTH service provider has reported consolidated operating revenues of Rs 7,367 million in Q1 FY16, up 19.2 per cent Y-o-Y; EBIDTA was up by 51.3 per cent at Rs 2,368 million

BestMediaInfo Bureau | Mumbai | July 28, 2015

Dish TV India has reported consolidated operating revenues of Rs 7,367 million, up 19.2 per cent Y-o-Y for the first quarter ended June 30, 2015. Subscription revenues were up 20.6 per cent Y-o-Y at Rs 6,828 million. Dish TV added 390,000 net subscribers during the quarter, while its total subscriber base at the end of the period stood at 13.3 million.

Profit after Tax (PAT) for the quarter was Rs 542 million, compared to a loss of Rs 150 million in the corresponding quarter last fiscal.

EBITDA of Rs 2,368 million was higher by 51.3 per cent in Q1 FY15 compared to Rs 1,565 million in the corresponding quarter last fiscal, while EBITDA margin was at an all-time high of 32.1 per cent, compared to 25.3 per cent in Q1 FY15.

With effect from April 1, 2015, Dish TV has started netting-off certain collection fees paid to its trade partners from its topline. This has resulted in the company's topline getting shrunk by around 4 per cent, with a similar number being decreased from the middle line. The values for the prior comparative periods have also been recast to reflect the same.

Subhash Chandra

Dr Subhash Chandra, Chairman, Dish TV India, said, “Dish TV has been actively contributing to the 'Digital India' movement by digitising analog TV homes in DAS Phase 3 and 4 markets and remains optimistic about its prospects to acquire a substantial share in these markets. Continuing its focus on growth with profitability, the company delivered another quarter of encouraging financial results.”

Commenting on the Q1 FY16 results, Jawahar Goel, Managing Director, Dish TV, said, “Our first quarter results are in line with the success of our regional and high definition (HD) strategy. Our regional offering, 'Zing', would soon be launched in Kerala and would carry the largest cache of vernacular channels offered in that market. Zing cemented Dish TV's supremacy in the DAS Phase 3 and 4 markets with custom-made content, hardware and service packages for the regional audience. High definition continues to be a value driver and a key differentiator for us compared to other DTH offerings in India. Dish TV's industry leading bandwidth capacity supports 42 HD channels, the largest on offer by any distribution platform so far.”

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