Dish TV India Limited has released its fourth quarter fiscal 2016 results. As per the results, consolidated subscription revenues stood at Rs. 7,410 million, up 12.6% Y-o-Y, while operating revenues stood at Rs. 7,993 million, up 9.5% Y-o-Y.
EBITDA for the quarter stood at Rs 2,608 million compared to Rs. 2,209 million in the corresponding quarter last fiscal, while EBITDA margin was recorded at 32.6% compared to 30.3% last fiscal. Profit after tax for the quarter was Rs. 4,828 million as against Rs. 349 million in the corresponding quarter last fiscal.
Fiscal 2016 consolidated revenues stood at Rs 30,599 million recording 13.8% growth over the previous fiscal. EBITDA of Rs 10,249 million was up 39.8% Y-o-Y. Net profit for the year was Rs. 6,924 million as against Rs 31 million in fiscal 2015.
Commenting on the results, Jawahar Goel, Chairman & Managing Director, Dish TV, said, “Fiscal 2016 was yet another year that saw global economic uncertainty take centre-stage all throughout. Notwithstanding that, the Indian economy registered good economic growth as the government focused on development through reforms. With the macro economy showing early signs of pick-up and the Met department predicting an ‘above normal’ monsoon, fiscal 2017 has already started on an optimistic note. So far as the DTH industry is concerned a strong agrarian economy, further supported by government initiatives like 100% village electrification, and prospering urban areas, with 24x7 power supply, shall certainly ensure growth for the industry going forward.”