DishTV Q3 net drops 23 pc to Rs 1,181 mn

DishTV Q3 net drops 23 pc to Rs 1,181 mn

Author | exchange4media Mumbai Bureau | Friday, Jan 23,2009 7:14 AM

DishTV Q3 net drops 23 pc to Rs 1,181 mn

DishTV has reported a 23 per cent drop in its Q3 net to Rs 1,181 million as compared to the second quarter of FY09. The DTH company’s Q3 gross sales and operating revenues stood at Rs 1,927 million as compared to Rs 1,121 million in the corresponding quarter of FY08, representing a 72 per cent growth.

DishTV added 7.89 lakh subscribers in the third quarter as compared to 5.29 new subscribers added during Q2, registering an increase of 49 per cent.

DTH revenues, comprising DTH services, bandwidth charges, value added services, etc., earned the company Rs 1,876 million in the third quarter, while teleport services and trading contributed Rs 36 million and Rs 16 millio, respectively.

DishTV added 12 new channels on its platform in Q3 FY09, which include general entertainment, regional and news segments.

Commenting on DishTV’s performance, Subhash Chandra, Chairman, DishTV, said. “DishTV has consistently set benchmarks for the Indian DTH industry and it has changed the face of satellite television through strategic initiatives in a challenging and competitive landscape. Despite the fierce competition, DishTV consolidated its No. 1 industry position with a very strong 48 per cent market share.”

Jawahar Goel, Managing Director, DishTV, added, “The DTH sector is witnessing an unprecedented and explosive growth and DishTV is fully equipped with all key resources in place to maintain its leadership position in its growth phase.”

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