HOME > BUSINESS > Dish TV India Q1 revenue rises 19.2%, PAT 54.2 cr

Dish TV India Q1 revenue rises 19.2%, PAT 54.2 cr

dishtvDish TV India Limited (Dishtv) reported a 19.2% increase in first quarter revenue to Rs. 7,367 million (Rs 736.7 cr), and PAT of Rs. 54.2 cr compared to a loss of Rs 15 cr in the previous year.

Subscription revenues rose 20.6% to Rs. 6,828 million. EBITDA margin recorded at 32.1% compared to 25.3% in the corresponding quarter last fiscal.

EBITDA for the quarter stood at Rs. 2,368 million compared to Rs. 1,565 million in the corresponding quarter last fiscal.

Despite Q1 being a relatively weak quarter seasonally, Dish TV said it had gained subscribers both in the Phase 3 and 4 markets as well as in the upmarket localities in the country.

Talking about the results, Mr. Goel said, “Led by robust subscriber additions and an improving ARPU, subscription revenues for the quarter increased 20.6% over the corresponding quarter last fiscal. EBITDA of Rs. 2,368 million recorded a significant 51.3% jump over the corresponding quarter. Net Profit for the quarter was Rs. 542 million compared to a loss of Rs. 150 million in the first quarter last fiscal. The resultant free cash flow was Rs. 689 million. Amid improving financial performance, churn for the quarter remained steady at 0.7% per month.”

dishtv

Highlighting Dish TV’s performance, Mr. 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.”

Dish TV was the first DTH operator in India and remained the only one for quite some time. However, the company has seen its market leadership severely threatened in subsequent years with the entry of Tata Sky and most recently, Videocon D2h.

While Tata Sky is poised more towards the high-income customers, Videcon D2h has hit Dish especially hard with its low-priced offerings. Goel said Dish’s low-priced offering, Zing, will soon be launched in Kerala.

“It would carry the largest cache of vernacular channels offered in that market,” he said.

‘Zing’ cemented Dish TV’s position in the DAS Phase 3 & 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,” Goel added.

In one of the most ambitious reforms ever announced for the media industry in India, Analog TV households are mandated to be digitized under the Digital Addressable System (DAS) notified by the Government. The impending DAS Phase 3 & 4 markets have an 80 million household potential, a large part of which is expected to be lapped up by the prominent DTH players in the country.

“Dish TV has been actively contributing to the ‘Digital India’ movement by digitizing analog TV homes in DAS phase 3 & 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,” Mr. Chandra added.

dishtv1

Dish TV recently formed a content negotiating Joint Venture (JV) called ‘Comnet’ with its group company and multi system operator, Siti Cable Network Limited. Both Dish TV and Siti Cable are equal partners in the JV that came into existence on July 1, 2015.

As part of the JV, both companies will hold joint discussions with broadcasters post which separate direct contracts between the broadcaster and distribution platform will be signed. The JV also tends to bring together the industry on contentious taxation issues like the recent arbitrary hike in entertainment tax in Delhi.

Speaking on the development, Mr. Goel, said, “The Delhi government recently increased the entertainment tax from Rs 20 to Rs 40 not realizing that it is a price sensitive market. Neither the consumer nor the broadcaster is ready to take the burden of the increasing cost. Thus, to protect our business model and to remain a consumer friendly company while also complying with all rules and regulations, we thought of coming together on a common platform.”

Dish TV recently transferred its non-core business (including set-top boxes, dish antenna and related services) to its wholly owned subsidiary viz. Dish Infra Services Private Limited (formerly known as Xingmedia Distribution Private Limited) on April 1, 2015 on a going concern basis. The company today reported its maiden consolidated quarterly numbers.

Follow ULTRA.news
Oracle Financial Services has yet another stellar quarter, sales up 12% Banking software maker Oracle Financial Services Software, formerly known as iflex, reported strong year-on-year numbers characterized by robust revenue growth and strict control over costs, however revenue slipped on a sequential basis.Consolidated revenue for the quarter w...
Sun Direct becomes first DTH in India to start HEVC transmission Sun Direct, a unit of Sun TV, has become the first DTH or cable operator to start transmission using next-generation HEVC compression technology in India.The company has introduced two HEVC -- short for high-efficiency video codec -- channels on its GSAT-15 beams.HEVC, a...
Dish TV slashes HD channel price to Rs 20 from Rs 50 Dish TV, one of India's biggest DTH operators, has slashed the rates of HD and standard-definition channels to Rs 17 and Rs 8.50 each, plus a tax of 18%.Together, the cost of a single HD channel would come to around Rs 20 and that for a regular channel will come to Rs 10....
Airtel Digital increases HD channels to take on Tata Sky Airtel Digital is expanding HD line-upAirtel Digital has bounced back into reckoning in fast growing high-definition DTH market by adding capacity from the newly launched SES-9 satellite and could emerge a strong challenger to Tata Sky in coming days.The SES-9 satellite ...
Reliance Jio to start trial services for fiber soon across India Reliance Jio, the biggest carrier of wireless data in the world, said it will expand beta trials of its fiber-to-the-home services in the 'next few months' across India.It has already started these trials in "a few locations", which would be expanded city by city. According t...
WATCH LIVE – Moving towards a less visa-dependent model : TCS New TCS CEO Rajesh GopinathanTata Consultancy Services has reported Q4 revenue of Rs 29,642 cr, a decline of 0.3%, and said his company will wait and see about new US visa regulations that are scheduled to come out today.NEW VISA RULESOn new visa regulations expected...
Dish TV slashes basic pack rate to Rs 33/month to take on DD Free Dish Dish TV, India's oldest DTH operator, has unveiled an offer that is by the far the cheapest from any private operator in India.Under the new 'DishTV Non-Stop Offer', the company is offering a clutch of free-to-air channels to its subscribers for three years in return for a ...
New TRAI rules to make HD channels cheaper by 70%, HD access fee illegal New rules on the pricing of television channels are likely to make the viewing of HD and sports channels in India cheaper and make charges such as 'HD Access Fee' totally illegal.The rules were issued on Friday and will come into effect within six months of it being published...
With 90 HD channels, Sun Direct set to overtake Tata Sky as No.1 HD DTH player Some of the HD channels avaiilable in India on DTH platformsSun Direct,  the DTH arm of Sun TV Network, could soon emerge as the No. 1 provider of HD TV channels in India, according to a distributor privy to the company's plans.The DTH operator has recently acquired seve...
Idea Cellular posts first-ever loss due to Reliance Jio impact Idea Cellular reported a loss of Rs 479 cr for the October-December quarter, hit by Reliance Jio's free offerings, the first loss in last 40 quarters since its IPO in 2007."The Indian mobile industry witnessed an unprecedented disruption in the quarter of Octoberto December ...
Sun Direct overtakes Dish TV, Videocon D2h in HD movie channels in English Sun Direct's 40 HD Channels as of 5/2/2017Sun Direct, the DTH operator from the Sun TV group, has added several new High Definition channels over the last several days, and has now overtaken rivals Dish TV and Videocon D2h in terms of the number of English movie channels on ...
Spicejet turnaround continues, Q2 Profit doubles SpiceJet reported a doubling of its net profit to Rs 58.9 Crore for the July-September period as against Rs 29 crore for the same quarter last year.Operating revenue for the quarter stood at Rs.1,400 crores, a growth of 35%.Capacity deployed registered a growth of 38% o...
SpiceJet profit doubles on revenue growth SpiceJet doubled its net profit to Rs. 149 Crore for Q1 FY17 as against Rs. 73 crore for the same quarter last year.Capacity deployed registered a growth of 37% over the same quarter last year and operating revenue was Rs. 1,522 crores, a growth of 37%.The profit increase...
Tata Motors net profit falls steeply due to Brexit impact Tata Motors said consolidated profit before tax and exceptional items for the April-June quarter fell to ₹2,066 crores from ₹6,340 crores last year due to the adverse foreign exchange impact.The value of the British Pound fell drastically during the quarter due to the exit of...
Doordarshan Free Dish adds 50 new channels, total 113; DD encryption may hurt Dish TV Doodarshan Free Dish has added a whopping 50 new channels on the new MPEG 4 technology within 20 days of moving to its new home, GSAT-15.Most of the new additions are movie channels, but some are still in testing mode. The new channels include Movie House, Manoranjan Movies, ...
Dish TV revenue up 12%, HD channel count raised to 50 Dish TV India reported third quarter fiscal 2016 consolidated operating revenues of Rs.7,715 million, up 11.8% on year and subscription revenues of Rs.7,111 million, up 12.6%.During the third quarter, the company increased the total number of HD channels to 50 -- the highest...
TVS Motor reports 11% growth in revenue despite Chennai floods TVS Motor Company has reported a revenue growth of 11% for the quarter ended December 2015. Total revenue grew from Rs 2,639 Crores in the quarter ended December 2014 to Rs. 2,940 Crores this year."On account of the unseasonal heavy rains and floods, the Chennai city an...
Dabur India Q3 sales, net profit up Dabur India Ltd reported a 2.4% growth in Consolidated Net Sales at Rs 2,122.4 Crore for the third quarter despite what it called a challenging business environment and continued softer consumption trend across the industry.The Company ended the third quarter of 2015-16 with ...
GSAT-15 could boost Sun Direct, Tata Sky’s HD channels Existing DTH satellite capacity of DTH playersToday's launch of GSAT-15 communication satellite over India will be a big boost to DTH operations over the country, especially for HD channels, and will benefit players like Sun Direct and Dish TV.The launch will more than d...
Insurer IDBI Federal posts 84% premium growth for Q1 IDBI Federal Life Insurance, a joint-venture of IDBI Bank, India’s premier development and commercial bank, Federal Bank, one of India’s leading private sector banks and Ageas, a multinational insurance giant based out of Europe, has reported a growth of 84% in Total Premium at t...