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Dish TV narrows Q1 loss to Rs 183 mn

21-July-2011
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Dish TV narrows Q1 loss to Rs 183 mn

Dish TV India Ltd has reported standalone revenues of Rs 4,604 million in Q1 FY12, a growth of 51 per cent over the corresponding period last fiscal. The EBITDA for the quarter stood at Rs 1,122 million, compared to Rs 322 million in the corresponding quarter last fiscal. EBITDA margin recorded at 24.4 per cent. Net loss reduced to Rs 183 million, compared to Rs 631 million in the first quarter last fiscal.

Commenting on the results, in a prepared statement, Subhash Chandra, Chairman, Dish TV India Ltd, said, “With digital quality catching the fancy of the Indian television viewer, DTH penetration in the country continues to grow at a smart clip. Dish TV maintained its leadership with a 25 per cent incremental market share. Going forward, consistent revenue momentum is expected due to strong subscriber additions done last year.”

Jawahar Goel, Managing Director, Dish TV, said, “Dish TV remains committed to be the platform of choice for television viewing for the Indian consumer. With constant upgradation of content and technology, Dish TV has maintained its leadership in a hyper-competitive six player market and would strive to maintain it as the category expands.”

Commenting on the overall performance, Goel said, “Key operating metrics continued to be in line with expectations. Subscriber acquisition cost for the quarter was down to Rs 2,058, however, as expected, churn recorded a marginal upward movement to close at 1.1 per cent per month compared to 1 per cent in the immediately preceding quarter. This was largely due to subscriber inactivity post the cricket World Cup 2011.Average Revenue per User remained steady at Rs. 150 despite a higher subscriber base.”

“Subscription revenue for the quarter stood at Rs. 3,922 million recording an increase of 57% over the corresponding period last fiscal. EBITDA margin further strengthened to reach 24.4%. Net loss continued with its downward trend, making bottom-line profitability visible in the coming quarters,” he added.

 

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