Dish TV narrows Q3 net loss to Rs 443 mn, adds 1.1 mn subs

MUMBAI: Dish TV has narrowed its third-quarter net loss to Rs 443 million, down from Rs 452 million in the trailing quarter and Rs 763 million in the earlier year, as it saw strong subscriber growth and a buoyancy in revenues.

The DTH operator added 1.1 million new subscribers, out of which 500,000 were acquired in the month of November itself. The gross subscriber base has now reached 9.4 million, while the net subscriber base is 7.7 million.

In the trailing quarter, the company had added 0.76 million subscribers.

Dish TV‘s revenues stood at Rs 3.75 billion, representing a 14.1 per cent growth over the trailing quarter and a 35 per cent growth over the year-ago period.

Subscription revenue accounted for Rs 3.09 billion, up 14.4 per cent from the second quarter.

The Ebitda for the quarter under review was Rs 684 million, up from Rs 523 million posted in the previous quarter.

Dish TV India chairman Subhash Chandra said, "Having consistently garnered an incremental market share above 25 per cent in a six player market, Dish TV’s strategic initiatives have been delivering commendable results.”

Dish TV‘s subscriber acquisition cost (SAC) increased marginally to Rs 2,142 from Rs 2,083 in the trailing quarter. Dish TV clarified that it is largely due to higher selling and distribution expenses and enhanced box subsidy due to aggressive competition at the acquisition front.
Dish TV‘s ARPU (average revenue per user) went up marginally to Rs 142 as compared to Rs 139 in the trailing quarter and Rs 135 in corresponding quarter of the previous fiscal.

Said Chandra, “Despite adding more than 1 million subscribers in the third quarter, Dish TV drove ARPU to Rs 142. The recently increased transponder capacity will further enable Dish TV to build on its ability to generate higher revenues by offering a significantly enhanced high definition bouquet.”

During the quarter, Dish TV had acquired additional transponders on Asiasat with ‘Antriksh’ resulting in bandwidth increase from 432 MHz to 648 MHz. 
Dish TV kept content cost as a percentage of subscription revenue controlled at 39 per cent, same as the previous quarter.

However, subscriber churn, at 0.7 per cent per month till last quarter, has gone up to 0.9 per cent per month in the three-month period ended December.

Dish TV MD Jawahar Goel said, “It was a strong quarter operationally and we are now close to crossing the hump. Dish TV is just half a million less than the critical 10 million subscriber mark and remains committed to break even at the bottom-line and turn free cash flow positive at the earliest. With recent operational initiatives, margin improvements and cash generation would get further strengthened.”

Latest Reads
India, China to propel APAC, beat CAS Europe market share

APAC is expected to overtake the market share of Europe in future due to an increasing demand for digital TV set-up boxes in countries such as China and India. North America and Europe dominated the global CAS market in 2015. APAC region is estimated to mark a growth rate of 12.0 per cent CAGR...

Technology Hardware Set-top Boxes
India lucrative market for 4K UHD STBs: Grand View Research

Here’s a view on the demand for 4K or ultra high definition (UHD) set-top boxes (STBs) in India.

Technology Hardware Set-top Boxes
Infor appoints Dass as south Asian subcontinent V-P

Infor, a leading provider of business applications specialized by industry and built for the cloud, has appointed Ashish Dass as the vice president and managing director for the south Asian subcontinent. Infor software helps eliminate the need for costly customization through embedded deep...

Technology Software Applications
Siti & DishTV opt for Conax conditional access

The Essel group has been using Conax’s tech for sometime now for its Siti Network (earlier known as Siti Cable). Now the group has extended that partnership for another product for both Siti Network and DTH operator Dish TV India. This time it is for the cardless set top boxes that the two are...

Technology Hardware Set-top Boxes
Imagine Communications extends functionality of Selenio One unified transcoding platform to OTT

MUMBAI: Imagine Communications, empowering the media and entertainment industry through transformative innovation, today introduced a high-density adaptive bitrate (ABR) transcoding product built on Selenio One™, the company’s software-defined linear transcoding platform. Selenio One is designed...

Technology Hardware Components
DJI Makes Your Smartphone Smarter with the New Osmo Mobile

DJI, the world leader in creative camera technology, Thursday launched the Osmo Mobile, an extension for smartphones that turns them into intelligent, precision camera systems.

Technology Hardware Components
Prime Focus Tech gets funding from PE firm Ambit Pragma

MUMBAI: Prime Focus Technologies (PFT) – the technology offshoot of media services company Prime Focus - informed the Bombay stock exchange today that it had received its first round of funding from growth capital private equity fund Ambit Pragma.

Technology Software Applications
Three new products developed by C-DOT launched on its Foundation Day

Communications Minister Manoj Sinha today expressed the hope that 100,000 Gram Panchayats (GPs) will be connected through Optical Fibre Cable (OFC) by March next to set up a network infrastructure to serve the rural masses.

Technology Hardware Distribution
Genpact and BITS partner to build talent in the field of analytics

Genpact (NYSE: G), a global leader in digitally-powered business process management and services, today announced a partnership with premier technical education university Birla Institute of Technology and Science (BITS) for offering training programs in the field of analytics.

Technology Software Middleware

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories