DTH

×

Dish TV operating profit up 55% on reported numbers

EBITDA for FY 2019 works out to Rs 2,044.27 crore

http://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2019/05/25/dish-tv-itv.jpg?itok=Emi56j0z

BENGALURU: The largest private DTH services provider in the country Dish TV India Ltd’s (Dish TV) operating profit for the year ended 31 March 2019 (FY 2019, year or period under review) jumped 55.3 percent as compared to the numbers it had reported for the previous fiscal FY 2018. Revenue from operations grew 33.1 percent during the period as compared to the previous year.

It must be noted that on March 22, 2018, Videocon D2h Ltd had merged with and into Dish TV India Ltd with the appointed date of the merger being October 1, 2017. Financials of Dish TV India Ltd for the year ended 31 March 2018 thus represent 12 months financial performance of Dish TV India Ltd and 6 months financial performance of Videocon d2h Ltd. Financial numbers for fiscal 2019 are thus, not comparable with the corresponding period last year. However, the company says in its investor release that presuming that the financials for fiscal 2018 had represented 12 months each of Dish TV India Ltd and Videocon d2h Ltd, Adjusted EBITDA would have been Rs 1969 crore with an adjusted EBITDA margin of 31.6 percent. All numbers in this report are consolidated unless stated otherwise.

EBITDA for FY 2019 was Rs 2,044.27 crore (32.9 percent margin of operating revenue) versus EBITDA calculated from actual reported numbers of Rs 1,316.02 crore (28.1 percent margin of operating revenue) in FY 2018. Operating revenue for the period under review was Rs 6,166.13 crore versus Rs 4,634.16 crore in the previous fiscal.

The company could have reported a profit (before tax) of around Rs 399 crore, but for exceptional charges which included impairment charges to the extent of Rs 1,562.54 crore for FY 2019. These impairment charges included impairment of goodwill, impairment of loans/advances to a subsidiary company and impairment of certain other recoverable amounts. Due to exceptional charges, Dish TV, Dish TV has reported a net loss of Rs 1,163.41 crore for FY 2019 as compared to a net loss of Rs 84.99 crore for FY 2018.

Revenue breakup

The company says that it closed the financial year under review with 2.37 crore subscribers. Subscription revenue for FY 2019 was 34.3 percent higher at Rs 5,663.8 crore as compared to Rs 4,216.7 crore in FY 2018. Advertisement revenue during the year grew 66 percent to Rs 111.3 crore from Rs 67 crore in FY 2018. Bandwidth charges (income) grew 5.2 percent in FY 2019 to Rs 144.6 crore from 137.5 crore in the previous year. Other income increased 15.7 percent in FY 2019 to Rs 246.4 crore from Rs 212.9 crore in FY 2018.

Let us look at the other numbers reported by Dish TV

Total income for FY 2019 increased 32.6 percent to Rs 6,218.28 crore from Rs 4,688.28 crore in the previous year. Total expenditure in FY 2019 increased 29.4 percent to Rs 6,191.53 crore as compared to Rs 4,786.23 crore in FY 2018.

Operating expenses in FY 2019 increased 36.6 percent to Rs 3,382.80 crore from Rs 2,476.60 crore in FY 2018. Employee benefit expenses in FY 2019 increased 18.1 percent to Rs 246.51 crore in the previous fiscal. Finance costs increased 58.6 percent in FY 2019 to Rs 628.65 crore from Rs 396.37 crore in FY 2018. Other expenses reduced 22.3 percent to Rs 482.53 crore from Rs 620.03 crore in FY 2018.

Company speak

Dish TV Group CEO Anil Dua said, “FY 2020 started on a strong note with the general elections keeping viewers hooked on to their television. The soon to start Cricket World Cup should further engage the television viewing masses bringing revenue growth to the business. The year is also going to be the first full year seeing the positive impact of the now well in place tariff order. We strongly believe that the new regulatory regime will bring the much needed transparency in the industry thus helping distribution platforms like Dish TV command a premium for its nationwide reach.”

“The current year should be a landmark year for Dish TV with market-leading revenue and EBITDA growth. The new regulatory regime along with continuing synergies should further help us increase our EBITDA per subscriber during the year,” added Dua.

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/16/independent_tv.jpg?itok=TVGEfQRn
Independent TV to resume DTH service any day after 21 August

MUMBAI: DTH operator Independent TV has extended the resumption of its service further. The operator has stated on its website that they expect to go live any day after August 21, next week. The network was supposed to resume its service from August 15 in its new ITV 2.0 avatar .

DTH DTH Operator
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/16/ttata-sky.jpg?itok=ql8PQTsq
The Entertainment Industry Celebrates Tata Sky's 13th Birthday with Chimp&z Inc's #TataSkyTeraHai

Mumbai: Last week, Tata Sky celebrated its 13th anniversary. A brand that stands for entertainment across genres was celebrated all over the internet with tributes pouring in from the peers in the entertainment industry.

DTH DTH Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/13/dish.jpg?itok=adEHRm09
Dish TV brings unique value added service for Telugu viewers, launches 'Telugu Active' on DishTV & d2h platforms

Continuing to strengthen its value added service offerings, Dish TV India Limited, world’s largest single-country DTH Company has launched ‘Telugu Active’ VAS service - a one stop ad-free destination for the best of Telugu films & shows. The Telugu Active service is launched in partnership with...

DTH DTH Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/12/dd_free_dish.jpg?itok=jg9ZmKOp
DD Free Dish fills up 3 vacant MPEG-2 slots

MUMBAI: Public service broadcaster Prasar Bharati has allotted vacant slots to three channels on its direct-to-home (DTH) platform DD Free Dish in the 41st e-auction. According to media reports, the pubcaster has garnered Rs 21.69 crore in the latest round of e-auction. Hindi GEC Manoranjan Grand,...

DTH DTH Operator
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/12/HUN.jpg?itok=3Lxx3I5T
Dish TV India launches ‘Punjabi Active’ Service in association with Shemaroo

Dish TV India Limited, world’s largest single-country DTH Company, introduces a new value added service- ‘Punjabi Active’ in association with Shemaroo Entertainment Ltd to offer unique and engaging content to its Punjabi viewers on both of its brands; DishTV and d2h.

DTH DTH Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/10/independent-tv.jpg?itok=YiCv4fgn
Independent TV's service remains unavailable due to failure of payment to Antrix

MUMBAI: The service of troubled DTH operator Independent TV still remains unavailable as it has neither made the required payment nor furnished the bank guarantee to Antrix Corporation for reconnection of signals.

DTH DTH Operator
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/10/Anil-Dua.jpg?itok=TQodPkxS
DD Free Dish exit of top broadcasters can help DTH companies: Dish TV's Anil Dua

All four major broadcasters decided early this year to pull out their free-to-air channels from Prasar Bharati-run direct-to-home (DTH) operator DD Free Dish, the platform which was earlier a great challenge to private DTH players. Dish TV India group CEO Anil Dua stated that the decision has...

DTH DTH Operator
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/09/independent-tv.jpg?itok=-HtAJ8pN
MIB suspends interim renewal of licence of Independent TV

MUMBAI: The Ministry of Information and Broadcasting (MIB) has temporarily suspended the interim renewal of license of DTH operator Independent TV until it resumes transmission. Indiantelevision.com has learnt from sources close to the development that the renewal would be reconsidered only on the...

DTH DTH Operator
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/09/Dish_TV_New.jpg?itok=n83RAn6f
Dish TV management on new tariff order, subscriber addition, content cost

The last quarter of financial year 2018-19 was not very smooth for any player in the cable and broadcast industry due to the implementation of the new tariff order (NTO). India’s largest direct-to-home (DTH) operator also saw few bumps on the way but the entire transition process has now settled...

DTH DTH Operator

Sign up for our Newsletter

subscribe for latest stories