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Dish TV reports Q1 FY15 total revenues of Rs 6,407 mn on back of strong subscription

Dish TV reports Q1 FY15 total revenues of Rs 6,407 mn on back of strong subscription

Author | exchange4media News Service | Wednesday, Jul 23,2014 8:25 AM

Dish TV reports Q1 FY15 total revenues of Rs 6,407 mn on back of strong subscription

Dish TV India has reported Q1 FY 2015 standalone subscription revenues and total operating revenues of Rs 5,886 million and Rs 6,407 million, respectively. EBITDA for the quarter was Rs 1,571 million, while net Loss recorded was Rs 160 million.

Dish TV added 332,000 net subscribers during the quarter ended June 30, 2014, taking the total subscriber base to 11.7 million net subscribers at the end of the period.

Commenting on the company’s performance, Subhash Chandra, Chairman, Dish TV India said, “Going by the first quarter run-rate, the Indian DTH industry seems to have set ground for a 25 per cent 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.”

Jawahar Goel, Managing Director, Dish TV added here, “Post 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, put the pedal to the metal and led the industry growth by garnering the highest incremental share during the quarter.”

He further said, “We continued to expand ‘Zing’, our innovative offering for vernacular content across regional markets. The ‘Zing’ service is now available across Odisha, West Bengal, Tripura, parts of Assam and most parts of Maharashtra. A powerful sub-brand, ‘Zing’ has also propelled the sales of the main brand through a wider reach and top of the mind recall. Moving closer towards Phase 3 and 4 of digitisation, we remain optimistic about our strategy to capture leading share in these markets.”

“In line with our objective of growth with profitability, we took a price hike of 5-7 per cent across the middle and top level packs with effect from the first week of June. ARPU increased to Rs 170 per month in the first quarter, with churn also increasing marginally to reach 0.7 per cent per month. There have been efforts to implement last mile billing by the MSOs, however, a full-fledged roll-out is key to a step jump in ARPUs across the category,” Goel added.

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