DTH

Videocon d2h reports maiden annual net profit

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/tv-images/2017/05/30/D2H.jpg?itok=LmLF6_WJ

BENGALURU: Videocon d2h Limited (Videocon d2h) led by executive chairman Saurabh Dhoot reported its maiden annual net profit for the year ended 31 March 2017 (FY-17, current year or fiscal). Notwithstanding the effects of demonetization, overall, the company reported growth across important matrices including subscription and activation revenue, subscriber numbers and operating profits. Annual ARPU, despite declining within fiscal 2017 was flat as compared to the previous year.

The company’s revenue from operations increased 7.6 percent to Rs 30,717.34 million in FY-17 from Rs 28,558.62 million in FY-16. The company’s consolidated profit after tax for the current year was Rs 304.42 million as compared to a loss of Rs 902.05 million in the previous year. Operating profit (adjusted EBIDTA, including other income) in the current year increased 27.1 percent in FY-17 to Rs 10,181 million. Adjusted EBIDTA less capex in FY-17 was Rs 3,932 million as compared to Rs 744 million in fiscal 2016.

Net subscriber additions in the year were 1.05 million. The company closed fiscal 2017 with a net subscriber base of 12.91 million. The company reported 0.80 percent churn, slightly higher than the churn of 0.73 percent reported in the previous year. Average revenue per user (ARPU) for the current year came at Rs 207, same as the previous year. ARPU numbers for the four quarters of fiscal 2017 - Q1-17, Q2-17, Q3-17 and Q4-17 were Rs 211,Rs 209, Rs 205 and Rs 196 respectively. Average net EBIDTA per user increased to Rs 69 in FY-17 from Rs 61 in FY-16.

Company speak

Dhoot said, "I am excited to share that Fiscal 2017 has been a yet another landmark year for Videocon d2h, as the Company achieved net profit and free cash flow breakeven. The Company reported 27.1 percent year on year growth in EBITDA, despite moderation due to Government of India's demonetization policy during the November 2016, which also coincided with the seasonally stronger second half. More importantly, our Adjusted EBITDA per subscriber per month grew a healthy 13.0 percent year on year to INR 69. This clearly demonstrates the strength of our business and our ability to monetize the subscribers we added in Phase III and Phase IV Digitization markets.

During Fiscal 2017, we announced the scheme of amalgamation with Dish TV to create the fastest growing and the second largest pay TV company in the world, according to company estimates. We have now received the necessary approvals from the equity shareholders of Videocon d2h and the Competition Commission of India. The company has started working on an integration plan and has appointed Price Waterhouse Coopers, Deloitte and Aon Hewitt to work on post-merger integration along with the management of Videocon d2h and Dish TV India."

Speaking on the business outlook for the DTH sector, Videocon d2h CEO Anil Khera said: "There has been numerous industry developments during Fiscal 2017, which we believe will provide for growth opportunities in the DTH sector in India. Recently, the government shared information on the applicable Goods and Service Tax (GST) rate for DTH. The GST rate of 18 percent for DTH operators could reduce tax payments in Fiscal 2018 and beyond."

Other matrices

The company’s content cost in fiscal 2017 increased in terms of percentage of revenue to 39.9 percent compared to 37.8 percent in FY-16. During the four quarters of the current year - Q1-17, Q2-17, Q3-17 and Q4-17, content costs as percentage of revenue were: 38.7 percent, 38.7 percent, 39.6 and 42.5 percent respectively.

The company has invested Rs 6,249 million towards capacity expansion (capex) in FY-17 as compared to Rs 7,269 million in FY-16 and Rs 7,649 million in FY-15.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/16/Sunil-Mittal.jpg?itok=S9DXigu_
Airtel Digital and LG tie up, redefine home entertainment

MUMBAI: Popular brands are coming together to share a symbiotic relationship.

DTH DTH Operator
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/13/videocon-d2h.jpg?itok=SrM0A9V0
Videocon d2h offers interactive ad solution, launches Skoda microsite

DTH is not just about distribution of entertaining content. It has the potential to provide innovative solutions to advertisers -- to reach targeted clientele. Videocon has proved it.

DTH DTH Operator
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/11/DD-Free-Dish-Story.jpg?itok=zx_rqgrG
10 FreeDish slots may fall vacant by Oct-end as renewals hang fire

MUMBAI: The ministry of information and broadcasting has reportedly asked Doordarshan to suspend until further notice e-auctioning of slots, which were picked up by private broadcasters on its free-to-air direct-to-home (DTH) platform FreeDish. FreeDish, at present, carries 80 TV channels,...

DTH DTH Operator
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/04/tata-sky.jpg?itok=Tq7vbQ36
Tata Sky offers critically-acclaimed films in six languages for free

Tata Sky, a content distribution platform, kickstarted the festive season with its Tata Sky Mumbai Film Festival.

DTH DTH Operator
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/29/Anil_Dua.jpg?itok=_eDQzL5O
DishTV introduces Cooking Active with celebrity chefs

NEW DELHI: Asia’s largest DTH platform DishTV , in association with One Take Media Co, has launched a new active service -- Cooking active.

DTH DTH Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/25/Arun_Unni.jpg?itok=CTp3G0V1
Tata Sky customises sports-viewing with Star alliance, in talks with Sony

MUMBAI: Pushing the boundaries of innovation in sports viewing this sports season, Tata Sky and Star Sports launched the ‘Star Sports Select Experience’with the Premier League.

DTH DTH Operator
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/25/sukhpreet%20singh%20and%20Anil%20dua.jpg?itok=OHxBvO9g
Dish TV presses HD button; introduces new cardless set top box

NEW DELHI: HD ahoy! That’s the flag that India’s leading DTH operator the Essel group owned DishTV has been waving for quite some time. And now it is doing it again. In a move to encourage wary Indian TV viewers to switch from a standard definition (SD) to high definition (HD) connection, it has...

DTH DTH Operator
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/19/Dish%20TV.jpg?itok=vA1oasuR
Dish TV redefines its pay-TV services with Verimatrix security

MUMBAI: Verimatrix, a specialist in securing and enhancing revenue for network-connected devices, has announced that it has been selected by Dish TV India Limited to provide cardless security for its direct-to-home (DTH) service offerings. The former will illustrate how security solutions are at...

DTH DTH Operator
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/14/Andrew%20Bunten%20Irdeto.jpg?itok=NKhu-aFd
4K UHD content protection: Irdeto's solution completes Cartesian review

MUMBAI: Irdeto, a leader in digital platform security, has announced that its Cloaked CA solution has completed a review by Cartesian against the usage rules for 4K UHD premium content included in the Farncombe Security Audit. The audit focuses on content security requirements, aligned with...

DTH DTH Operator

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories