Dish TV consolidated subscription revenue stands at Rs 776.6 crore for Q4 FY20
Advertisement income of Rs 12.1 crore recorded for quarter ended March 2020
Dish TV India Limited has reported consolidated subscription revenues of Rs 776.6 crore and operating revenues of Rs 869.1 crore in the fourth quarter of fiscal 2020.
While operating revenues stands at Rs 869.1 crore, the subscription revenue is at Rs 776.6 crore. The advertisement income stands at Rs 12.1 crore for the quarter ended March 2020.
For FY20, Dish TV has posted operating revenue of Rs 3556.3 crore with an EBITDA of Rs 2106 crore.
The fourth quarter had started on a modest note for Dish TV India Limited with the focus being subscriber retention and addition of quality subscribers. As the country slipped into a COVID-19 induced lockdown, television became the default fallback option for the population including some of those who had been irregular in recharging their DTH connections. News channels, followed by movies and general entertainment channels notwithstanding the re-runs of old shows witnessed high time-spent by viewers. Dish TV India witnessed a surge in renewals and recharges with digital mediums constituting 76% of all subscriptions received by the Company. Unified Payments Interface (UPI) and e-wallets became the preferred online, real-time payment modes over cash and physical outlets for subscribers recharging their DTH accounts. Increasing proportion of renewals through digital mediums should be the new normal in the post-COVID-19 world. The indispensability of television as a source of information and entertainment never needed substantiation and the current circumstances have only reiterated that.
Anil Dua, Group CEO, Dish TV India Limited, said, “Though our revenues were positively impacted by the higher number of win backs and recharges during the initial days of the lockdown, we could not be complacent during such trying times and went all out to scan every cost-centre for greater operational efficiencies. Our all-time high EBITDA and EBITDA margin recorded during the quarter was a result of operational resilience demonstrated by the business.”
Jawahar Goel, CMD, Dish TV India Limited, said, “Brands like Dish TV and d2h which have a strong rural connect could hope to get new connections and re-activations as value conscious subscribers reach hinterlands where, unlike cities, cable television may not be an option.”
“The other scenario could be that we may have to fight for subscriber share with free-to- air platforms. Another challenge could be in the form of rural unemployment where the consumer is unable to spend on entertainment even if he wants to. We expect rural recovery to be a tailwind in either scenario,” he added.
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