Dish TV India Ltd has reported a 49 per cent growth in its Q2 gross revenues at Rs 257.9 crore, as compared to Rs 173.3 crore in the corresponding quarter in FY09. The DTH service provider also narrowed its Q2 net loss to Rs 56.13 crore from a loss of Rs 154.1 crore in Q2 of FY09.
DishTV has added 0.41 million new subscribers during the second quarter. The gross subscriber base stood at 5.92 million as on September 30, 2009, while the net subscriber base stood at 4.98 million.
A release quoted Chairman Subhash Chandra as saying: “DishTV has achieved robust growth in tough market conditions. Our focus on operational excellence and internal measures such as cost optimisation has supported the results. We also continued with our investment programmes to support our growth. The ongoing macroeconomic trends and a positive industry cycle are key factors for strengthening our optimistic outlook in the coming quarters.”
Commenting on the recent developments, Jawahar Goel, Managing Director, DishTV, said, “With our robust product offering, competent workforce and stringent processes, we are well prepared to capitalize on the growth opportunities. Through the downturn our strategy has been to build on our strengths rather than limit ourselves to navigating the challenges. Following this route, we are confident of emerging stronger as the economic environment improves and better poised to deliver enhanced value to all our stakeholders.”