News Q2-2016: Dish TV PAT at Rs 87 crore; adds 3.38 lakh subscribers

Deepu

Deepu

EntMnt Legend
Finest Member
This is the third consecutive quarter that direct to home (DTH) company Dish TV has reported growth across important financial and operational parameters including operating revenues (TIO), profit after tax (PAT) and subscription numbers.

For the current quarter ended 30 September, 2015 (Q2-2015), Dish TV reported Operating revenue of Rs 752.4 crore, hence registering a 15.8 per cent YoY growth as compared to Q2-2015’s number of Rs 649.9 crore and a 2.1 per cent QoQ growth as compared to Rs 736.7 crore.

The company reported PAT of Rs 87 crore for the current quarter as compared to a loss of Rs 14.2 crore in the corresponding year ago quarter and a whopping 60.4 per cent growth in profit as compared to the Rs 54.2 crore in the previous quarter.

The company’s subscriber base in Q2-2016 increased by 3.38 lakh to touch 137 lakh as compared to the 133 lakh subscribers reported at the end of the previous quarter (Q1-2016).

Indian Television Dot Com | Q2-2016: Dish TV PAT at Rs 87 crore; adds 3.38 lakh subscribers
 
THAKUR

THAKUR

EntMnt Contributor
Finest Member
This is the third consecutive quarter that direct to home (DTH) company Dish TV has reported growth across important financial and operational parameters including operating revenues (TIO), profit after tax (PAT) and subscription numbers.

Last fiscal and quarter (year and quarter ended 31 March, 2015, Q4-2015), the Subhash Chandra led Essel Group’s DTH operator Dish TV Limited turned the corner with a consolidated profit after tax (PAT) of Rs 3.14 crore and Rs 34.94 crore (margin 4.8 per cent) respectively. The company followed this up with even better numbers in the previous quarter (Q1-2015). Dish TV was the first among listed DTH companies in the country in FY-2015 and Q4-2015 to report PAT as opposed to the operating profits reported by a segment of the other Goliaths for whom DTH services is just another small segment.

Note:
(1)100,00,000 = 100 Lakh = 10 million = 1 crore
(2) With effect from April 1, 2015, Dish TV says that it has started netting-off certain collection fees paid to its trade partners from its topline. This has resulted in the company’s topline getting shrunk by around four per cent, with a similar number being decreased from the middle line. The values for the prior comparative periods have also been recast to reflect the same.
(3) Dish TV recently transferred its non-core business (including set-top boxes, dish antenna and related services) to its wholly owned subsidiary Dish Infra Services Private Limited (formerly known as Xingmedia Distribution Private Limited) on 1 April, 2015 on a going concern basis.

For the current quarter ended 30 September, 2015 (Q2-2015), Dish TV has reported Operating revenue of Rs 752.42 crore, hence registering a 15.8 per cent YoY growth as compared to Q2-2015’s number of Rs 649.90 crore and a 2.1 per cent QoQ growth as compared to Rs 736.68 crore.

The company reported PAT of Rs 86.96 crore (11.6 per cent margin) for the current quarter as compared to a loss of Rs 14.2 crore in the corresponding year ago quarter and a whopping 60.4 per cent growth in profit as compared to the Rs 54.21 crore (7.4 per cent margin) in the previous quarter.

The company’s subscriber base in Q2-2016 increased by 3.38 lakh to touch 137 lakh as compared to the 133 lakh reported at the end of the previous quarter (Q1-2016).

Dish TV reported a YoY growth in Average Revenue Per User (ARPU) to Rs 171 as compared to the Rs 166, but a QoQ decline from Rs 173 in the previous quarter.

Indian Television Dot Com | Q2-2016: Dish TV PAT at Rs 87 crore; adds 3.38 lakh subscribers
 
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