Dish TV India has reported a 10.1 per cent growth in its unaudited standalone operating revenues at Rs 5,336 million for the second quarter ended September 30, 2012. EBITDA of Rs 1,557 million registered an 18.3 per cent increase over the corresponding quarter last fiscal. EBITDA margin for the quarter stood at 29.2 per cent.
Subscription revenues for the quarter stood at Rs 4,727 million, recording a growth of 14.6 per cent, as compared to the corresponding period last fiscal. Dish TV added 477,000 new subscribers in Q2, achieving a total of 13.9 million gross and 10.0 million net subscribers at the end of the period. Average Revenue Per User (ARPU) has emerged stronger at Rs 159.
Commenting on the second quarter performance, Jawahar Goel, Managing Director, Dish TV said, “Dish TV continued to be free cash flow positive for the third consecutive quarter. Cost line items remained as projected, with an expected hike in marketing cost coming in due to additional spends around digitisation. Churn remained at one per cent per month despite the package price increase last quarter.”
Meanwhile, Subhash Chandra, Chairman, Dish TV India, felt that in the countdown to digitisation, DTH continues to have an upper edge over cable due to its evolved business systems and processes. He asserted, “Dish TV, with its strengthened product line up and advanced infrastructure capabilities, is well placed to leverage the digitisation opportunity to further strengthen its position in the television distribution industry in the country.”
Goel noted that in terms of digital conversions, despite regular data on steady growth in digital deployment flowing in, on-ground implementation remains lukewarm and nowhere close to numbers doing the rounds. “However, with the government sending firm signals against extension of the analog sunset date, we continue to target reasonable subscriber uptake going forward.” he added.