Top Story

Home >> Media-TV >> Article

Dish TV narrows Q2 FY14 loss to Rs 160 mn

24-October-2013
Font Size   16
Dish TV narrows Q2 FY14 loss to Rs 160 mn

Dish TV India has reported Q2 FY14 standalone operating revenues of Rs 5,926 million, recording a growth of 11 per cent over the corresponding period last fiscal. Subscription revenues stood at Rs 5,370 million, a growth of 13.6 per cent over Q2 FY13. EBITDA returned to growth trajectory with a margin of 25 per cent. Net Loss was down to Rs 160 million, as compared to Rs 304 million in the previous quarter.

The DTH service provider added 164,000 net subscribers in Q2 FY14.

Subhash Chandra, Chairman, Dish TV India remarked, “Uncertainty around global growth continues to affect near term consumption and investment climate. Fortunately in India, the television distribution sector is not only fairly insulated, but perhaps the only sector where both investment and consumption have been going steady. That said, however, we strongly believe that irrespective of macroeconomic circumstances, businesses which stick to the basics will be favourably placed when most needed.”

“Dish TV’s strategy of self-funded responsible growth, with a focus on profitability is clearly in line with that,” he added.

Commenting on the Q2 results, Jawahar Goel, Managing Director, Dish TV said, “We added 164,000 net subscribers during the quarter and maintained our leadership share. Aided by quality additions, Dish TV’s churn remained at 0.6 per cent per month, while SAC was flattish. This was despite the fact that being seasonally weak, the quarter witnessed brief periods of desperate attempts to undercut prices by select DTH platforms. Dish TV, aware of the subsequent fallout of throw away prices, chose not to jump on the bandwagon.”

“With massive opportunity in the form of Phase III and IV of mandatory digitisation ahead, we are confident of acquiring industry leading incremental share while still keeping a tab on the subsidy per box. We continue to be conscious about self-funded growth with minimal debt on the books. In line with that, we repaid debt to the tune of Rs 2,350 million in the first half and would be paying off the rupee equivalent of $90 million in the second half of the current fiscal,” he added.

Goel further said, “We are on track and look forward to acquiring additional transponder capacity to beef up our existing, industry leading bandwidth in the current fiscal. We intend to leverage the additional capacity to distribute localised content as well as strengthen carriage revenues. Moreover, with more than 60 per cent of the broadcasting industries’ subscription revenues coming from DTH alone, it is now time that the favourable terms, including carriage fees, extended to the MSOs by the broadcasters be either revisited or offered to DTH platforms as well. This becomes all the more imperative considering that, in a digital environment, cable MSOs are now almost there in terms of package wise billing in select 2-3 cities of Phase I and II.”

Dish TV reported a 13.6 per cent YoY growth in subscription revenues, which along with a reduction in programming and marketing cost contributed to an EBITDA of Rs 1,479 million. A weak rupee impacted the transponder and other programming costs. Despite the forex hit, EBITDA margin for the quarter, jumped back to 25 per cent. Free cash flow generated during the quarter was at Rs 667 million.

Tags Dish TV Subhash Chandra Jawahar Goel Digitisation

Varun Raina, Marketing Manager, Airbnb India speaks to exchange4media about the successful #LiveThere campaign and how Bollywood helps them connect with its young consumer

Tim Castree is all praises for his team in India and trusts it to be a result of “an excellent execution of agency’s global strategy” headed by Kartik Sharma

Siddharth Dabhade says Criteo’s technology allows brands to engage with shoppers, create relevant experience on retail apps, thereby driving sales and profits

Shantanu Gangane says OTT platform Viu plans around 20+ originals and is all set to enter the Tamil market with a mix of syndicated and original content

right
left
BREAK THE CEILING TOUCH THE SKY 2018 SEES OVERWHELMING INDUSTRY PARTICIPATION 10TH EDITION OF ABC EUREKA AWARDS IN MUMBAI CELEBRATES WORK OF PARTNER AGENCIES EMINENT JURY PICKS LOUDEST’S 100 MOST POWERFUL INDIAN MUSIC BUSINESS LEADERS MODE LOFT BY SABGROUP LAUNCHES SIGNATURE MENSWEAR POWER DRESSING CLOTHING LINE TOP MARKETERS DISCUSS ART AND SCIENCE OF EFFECTIVE LISTENING @PITCH CMO SUMMIT 2018, DELHI THIRD SEASON OF ‘INDIA’S TOP DIGITAL PLANNERS’ RECOGNIZES EXCELLENCE IN THE DIGITAL INDUSTRY WOMEN ECONOMIC FORUM 2018 SEES DISTINGUISHED GLOBAL PERSONALITIES IN ATTENDANCE PEPPER CREATIVE AWARDS 2018 RECOGNIZE THE BEST IN ADVERTISING IN SOUTH INDIA RADIO CITY’S POWER OF RADIO MEET HOSTS TOP ADVERTISING INDUSTRY LEADERS TOP INDUSTRY PERSONALITIES ATTEND ZOOM-MYNTRA EVENING TO CELEBRATE THEIR PARTNERSHIP LEADING MARKETERS, EXPERTS SHARE INSIGHTS ON DIGITAL TRANSFORMATION @ADOBE SYMPOSIUM IN MUMBAI NICKELODEON TRADE PARTY SEES MARKETING INDUSTRY LEADERS AND THEIR FAMILIES IN ATTENDANCE GOLDEN MIKES RADIO ADVERTISING AWARDS 2018 RECOGNIZE INDUSTRY’S MOST DESERVING ACHIEVERS AIMA MANAGING INDIA AWARDS HONOUR THE BEST IN THE INDUSTRY BW BUSINESSWORLD’S GREAT INDIA DEBATE BRINGS TOGETHER INTELLECTUALS ACROSS INDUSTRY SECTORS BW BUSINESSWORLD SMART CITIES CONCLAVE PATNA 2018 SEES EMINENT INDUSTRY LEADERS IN ATTENDANCE EMINENT JURY PICKS WINNERS OF GOLDEN MIKES RADIO ADVERTISING AWARDS MADDYS 2018 SEE TOP ADVERTISING AND MARKETING INDUSTRY LEADERS IN ATTENDANCE LOKMAT MAHARASHTRIAN OF THE YEAR AWARDS 2018 RECOGNIZE EXCEPTIONAL TALENT CNBC-TV18’S INDIA BUSINESS LEADER AWARDS HONOUR HIGH-ACHIEVERS, OUTSTANDING LEADERS AND TOP VISIONARIES

Telugu channel Star Maa is launching two new serials in the afternoon slots on May 21- Kante Koothurne Kanali and Shambhavi

CCI in February fined Google $20 million for abusing its position in online web search and also slammed the company for preventing its partners from using competing search services

Bhattacharya was has now set his sights on entrepreneurship with plans to set up something in content and fashion tech space