Dish TV India Ltd’s EBITDA for Q4 2019 up 3.6% Y-o-Y
The financial report said Dish TV India Ltd reported consolidated subscription revenues of Rs 1308.3 crore and operating revenues of Rs 1398.7 crore in the same quarter
Dish TV India Limited has reported fourth quarter fiscal 2019 consolidated subscription revenues of Rs 1308.3 crore and operating revenues of Rs 1398.7 crore. EBITDA for the quarter stood at Rs 415 crore, up 3.6% Y-o-Y.
The EBITDA margin was at 29.7%, up 360 bps Y-o-Y.
The financials of Dish TV India Limited for the year ended March 31, 2018, thus represent 12 months financial performance of Dish TV India Limited and 6 months financial performance of Videocon d2h Limited.
The financial numbers for fiscal 2019 are thus not comparable with the corresponding period last year.
However, presuming that the financials for fiscal 2018 had represented 12 months each of Dish TV India Limited and Videocon d2h Limited, adjusted EBITDA would have been Rs 1969 crore with an adjusted EBITDA margin of 31.6%.
The Board of Directors has approved and taken on record the audited consolidated financial results of Dish TV India Limited and its subsidiaries for the quarter and financial year ended March 31, 2019.
An early believer of the Tariff Order, Dish TV India was the first in the industry to partially and voluntarily roll out the provisions of the tariff order by offering a-la-carte channels to its subscribers at affordable prices.
The company also offered ‘Best Fit Packs’ to facilitate channel selection by its subscribers in addition to a-la-carte offerings.
The last month of the quarter turned out to be a blockbuster with acquisitions being higher by 156%, and revenues higher by 18% over January and February average.
Dish TV’s fourth quarter revenues were impacted due to transition to the New Regulatory Regime. Revenues were down Y-o-Y notwithstanding a sharp turnaround in the third month of the quarter.
Jawahar Goel, CMD, Dish TV India Limited, said, “The migration has given significant data insight to the TRAI and the price regime remains under consideration. We believe the TRAI may undertake the exercise of price rationalization which should result in higher consumption of channels going forward.”
A turnaround in business performance in March set the ground for an even stronger growth in the year ahead.
Anil Dua, Group CEO, Dish TV India Limited, said, “FY20 started on a strong note with the general elections keeping viewers hooked on to their television. The soon to start Cricket World Cup should further engage the television viewing masses bringing revenue growth to the business. The year is also going to be the first full year seeing the positive impact of the now well in place Tariff Order. We strongly believe that the New Regulatory Regime will bring the much needed transparency in the industry thus helping distribution platforms like Dish TV command a premium for its nationwide reach.”
“The current year should be a landmark year for Dish TV with market leading revenue and EBITDA growth. The New Regulatory Regime along with continuing synergies should further help us increase our EBITDA per subscriber during the year,” said Dua.
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