Technology

Dish TV Q2 Ebidta flat on rise in selling expenses

Mumbai: Subhash Chandra-owned direct-to-home television services provider Dish TV on Thursday reported a flat operating profit in the second quarter ended 30 September from a quarter earlier as fall in content costs was offset by a sharp rise in selling and distribution expenses other than commission.


Dish TV‘s Ebitda in the second quarter was Rs 1.55 billion, the same as in the first quarter but up 18.3 per cent from a year earlier. Ebitda margin for the second quarter was 29.2 per cent, at the same level as in the previous quarter.


The DTH service provider‘s average revenue per user (ARPU) was up by Rs 3 to Rs 159 in the second quarter compared to the previous quarter, following an increase in prices. This was reflected in a robust 4.73 per cent rise in subscription revenues in the second quarter to Rs 4.72 billion from Rs 4.55 billion a quarter earlier.


Dish TV managing director Jawahar Goel said, "In line with our expectation, the price hike initiated in the last quarter flowed through partially to deliver an encouraging ARPU increase."


Its programming and content costs was down to Rs 1.42 billion from Rs 1.51 billion in the first quarter but selling and distribution expenses other than commission rose 31 per cent to Rs 396.1 million in the second quarter from Rs 302.8 million a quarter earlier.


An exceptional gain of Rs 764 million in the second quarter resulted in Dish TV reporting a net profit of Rs 551 million, against a loss of Rs 323.2 million in the previous quarter. The exceptional gain was on account of a change in the accounting treatment of fluctuation in foreign currency rates following a clarification from the Ministry of Corporate Affairs.


Despite the push towards digitisation in the key markets of Mumbai, Delhi, Chennai and Kolkata from 1 November, Dish TV added only 477,000 new subscribers in the second quarter against 504,000 in the first quarter. The total number of subscribers of Dish TV as on 30 September was 13.9 million, of which 10 million were active subscribers.


Dish TV Q2 Performance:



































Particulars

Quarter-ended
Unaudited


30.09.2012

30.06.2012
Total income from operations (net)
53,362

51,996
Total expenses
53,126

51,557
Finance costs
3,172

5,722
Profit / (loss) from ordinary activities after finance costs but before exceptional items
(2,133)

(3,232)
Exceptional items
7,643

-
Net profit / (loss) for the period
5,510

(3,232)
Goel said, "The second quarter took off sluggishly, largely due to the macro headwinds and price hike at the entry level, however, our sound strategy and efficient on ground execution enabled a pickup in additions post the first month. Our launch of ‘Dish+‘, India‘s first standard definition recorder, helped us differentiate and attract consumer interest in a crowded market."

"In terms of digital conversions, despite regular data on steady growth in digital deployment flowing in, on ground implementation remains lukewarm and nowhere close to numbers doing the rounds. However, with the government sending firm signals against extension of the analog sunset date, we continue to target reasonable subscriber uptake going forward," he added.


Dish TV‘s total revenues in the second quarter at Rs 5.33 billion were up 2.56 per cent quarter-on-quarter up 2.56% and up 10 per cent from a year earlier.


Goel said "Dish TV continued to be free cash flow positive for the third consecutive quarter. Cost line items remained as projected; an expected hike in marketing cost came in due to additional spends around digitisation."


Subscriber churn remained at 1 per cent per month despite the package price increase last quarter," he added.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/06/j%26j-800x800.jpg?itok=EsJOPXNm
India's startup gets J&J support for maiden device

Ray IoT is creating a non-contact wellness and sleep tracker for babies for which it has received support by Johnson & Johnson and HAX. Ray IoT will be introducing its product at the Consumer Electronics Show (CES) in Las Vegas 5-8 January. This is the first time a startup from India has been...

Technology ces
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/05/Anita-Ganti_0.jpg?itok=hWjR3ACM
Wipro middleware powers integration-ready Hisense 4K; supports HD-PVR features

MUMBAI: Wipro Limited, a leading global information technology, consulting and business process services company, announced that its Digital TV Middleware solution has successfully enabled Hisense 4K TVs in Japan. Hisense Co. Ltd. is a multinational white goods, brown goods and electronics...

Technology Software Middleware
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/05/Richard-Weissbourd.jpg?itok=v93F_Cyu
Harvard Research on kids to kick off Kidscreen Summit 2017

TORONTO: Kidscreen is thrilled to announce that Dr. Richard Weissbourd, director of the Human Development and Psychology programme at Harvard University, will open 2017’s biggest event for leaders in children’s entertainment with the presentation of a new research study exploring why and how we...

Technology ces
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/05/TCL.jpg?itok=Mxc9zE5S
TCL reveals new TVs with top tech featuring Dolby vision

TCL reveals newLAS VEGAS: TCL®, one of the world’s largest and America’s fastest-growing television brand, today announced an innovative portfolio of new products at the 2017 International Consumer Electronics Show (CES). The latest additions feature Dolby Vision™ high-dynamic range (HDR)...

Technology ces
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/04/Steeve-Huin.jpg?itok=tFzx1Eeh
Irdeto joins Frog by Wyplay community to offer integrated security solutions

LAS VEGAS: Irdeto, the world leader in digital platform security, today announced a new licensing agreement with Wyplay to join more than 140 companies in the Frog by Wyplay community, which offers software to operators to provide an innovative TV experience. Through the new partnership, Irdeto and...

Technology ces
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/03/CES-2017.jpg?itok=odmNUzNq
CES 2017 promises most diverse event experience in 50-year history

ARLINGTON, VA: To celebrate 50 years, CES® 2017 is poised to be bigger, bolder and more varied than ever before. With a record-breaking footprint of more than 2.6 million net square feet of exhibits, CES 2017 will feature new marketplaces, more than 850 first-time exhibitors, seven keynote...

Technology ces
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/20/Alain-Louchez.jpg?itok=AMB6Cnxv
IoT conversations will promote interoperability: NASSCOM, Georgia Tech tie up

NEW DELHI: The National Association of Software and Services Companies (NASSCOM) and the Georgia Tech Advanced Research Corporation (GTARC) joined to advance Internet of Things (IoT) and fostering IoT-based innovation through the development of a conducive ecosystem in India.

Technology Software Applications
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/08/ATTO_0.jpg?itok=SvBSbt35
ATTO certifies Gen 6 Fibre Channel HBAs with Quantum Storage

MUMBAI: ATTO Technology, Inc., a global leader of storage, network connectivity and infrastructure solutions for data-intensive computing environments for nearly 30 years, has announced the successful testing and certification of its new Celerity™ 16Gb Gen 6 Fibre Channel host bus adapters (HBAs)...

Technology Software Applications
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/11/17/Rahul%20Nehra.jpg?itok=mP6RbVf2
Friend MTS-Castle Media to tackle Bollywood's digital piracy using unique watermark tech

MUMBAI: Piracy is a serious challenge to the entertainment industry in India. In fact, according to the Motion Pictures Distributors Association of India (MPDA), India country is infamous for having one of the highest rate of video piracy in the world. Lack of stringent IP protection laws to...

Technology Software Applications

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories