Q1FY20: Dish TV reports subscription revenues of Rs 8,261 million

The company added 209,000 new subscribers in the quarter

e4m by exchange4media Staff
Updated: Jul 30, 2019 7:34 PM

Dish TV India Limited has reported first quarter fiscal 2020 consolidated unaudited subscription revenues of Rs 8,261 million. This saw a 44.5% YoY fall compared to Rs 14,893 million recorded in quarter ended June 2018.

The company recorded operating revenues of Rs 9,263 million, compared to Rs 16,556 million recorded in Q2 2018. EBITDA for the quarter stood at Rs 5,360 million, as against Rs 5,568 million in June-end 2018.

Building on the foundation set by the last month of the previous fiscal, the company continued to add subscribers through the first quarter. Net additions for the quarter stood at 209,000, with a closing net subscriber base of 23.9 million.

The company in a statement said, in line with expectations, subscription revenues were strengthened due to an engrossing cricket season. Leveraging the Cricket World Cup, the company launched ‘Predict & Win’ contest for its subscribers. The contest was a huge hit and was one of the many initiatives taken during the quarter to win back and upgrade existing subscribers as well as enable new subscriber additions. All new & existing Dish TV & d2h subscribers were eligible for this contest.

Dish TV India also launched recharge offers that offered free-to-air movie and entertainment channels that were erstwhile available on DD Free Dish along with channels that showcased the entire Indian cricketing action. The general elections too had TV viewership going up significantly which ultimately positively impacted the subscriber additions and revenues, the statement mentioned.

Talking about the results, Jawahar Goel, CMD, Dish TV India Limited, said, “Positive contribution from the Cricket World Cup and elections no doubt strengthened the first quarter performance but due credit should also be given to the team for dexterously working through the challenges thrown by the New Tariff Regime. I am glad to say that the technological challenges experienced during the migration are now a thing of the past. Majority of our subscribers are well settled in their channel combinations and Dish TV India should continue to raise the bar both in terms of service delivery and financial performance in the coming quarters.”

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