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DishTV Q1 revenues up 35 pc at Rs 893.37 million

18-July-2007
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DishTV Q1 revenues up 35 pc at Rs 893.37 million

Dish TV India Ltd (DishTV) has announced the financial results for the quarter ended June 30, 2007. DishTV is the first DTH company to get listed on the stock exchange with market capitalisation of over $1 billion. This earnings release contains standalone results that are unaudited and prepared as per Indian Generally Accepted Accounting Principles (GAAP).

Subhash Chandra, Chairman, DishTV, said, “The standalone revenue has increased to Rs 893.37 million, up by 35 per cent as compared to the last quarter of the last fiscal. This quarter we have consolidated our efforts in capturing more market share, and due to this DishTV continues to be a dominant market leader. The strength arises not just from the number of subscribers, but also through DishTV’s commitment of ‘providing wholesome entertainment to every Indian’ that translates into an unbeatable basket of content and value added services and a robust infrastructure of sales and service to take it to market.”

Commenting on the content, Jawahar Goel, Managing Director, DishTV, said, “A strong regional content is one of our strongest muscles, it brings a smile to the faces of not just viewers in respective regions, but also dislocated populace away from hometowns. To ensure the bandwidth for this width of content, we have recently acquired two additional satellite transponders. Also, we have adequate capacity expansion planned for the future.” He further said, “This quarter has also seen tremendous enhancement in infrastructure and services by DishTV. A dealer universe of 30,000 outlets today caters to consumers across 4,300 towns of this vast expanse called India. There are over 10,000 service personnel in the market, delivering installations and service support to DishTV subscribers. The service organisation is supported by 1,000 call centre agents speaking 10 different languages from seven different locations. Moreover, there are service centers across the country, all in an effort to reach the consumer in the shortest possible time, if the need arises.”

DishTV has a content strength of 170 channels, which is significantly higher than anyone else. The last quarter has seen the addition of eight new channels.

Arun Kapoor, CEO, DishTV, said, “DishTV is poised for an explosive growth; and we will set the rules that will define the category in the country. The last quarter has been driven by consumer offers that helped us acquire 180,000 new subscribers, helping us retain dominant market leadership. This reinforces our connect with the consumers in terms of brand preference. This also supports our belief that increasingly large parts of the country are choosing to go digital on the DishTV platform. These offers that we have rolled out over the past quarter have enthralled consumers with their great value for money proposition as well as helped us build awareness and usage of our unique services like sports active, movie on demand and regional content. Further, we have also enhanced our ground presence through substantial aggregation of company warehouses, distributors and dealers across markets, thereby increasing our speed to market.”

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