IndianMascot
Core Member
For Tata Sky, a joint venture of Tata Sons and Rupert Murdoch's Star TV, the turnaround story is not far away. The DTH television services provider has narrowed its net loss in the year ended 31 March 2012 from a year earlier, on increasing subscriber numbers.
Tata Sky’s net loss in 2011-12 was Rs 2.98 billion, 36 per cent less than Rs 4.7 billion a year earlier. The company, privately held, does not disclose its financials.
The company's net sales were up 18 per cent to Rs 15.9 billion from Rs 13.5 billion a year earlier.
The company's net loss in 2009-10 was Rs 6.26 billion on total income of Rs 11.10 billion.
The continuing losses have resulted in piling up of accumulated losses. Tata Sky's accumulated losses as on 31 March 2012 would amount to Rs 43.03 billion with the addition of loss in 2011-12 to the accumulated losses of Rs 40.05 billion as on 31 March 2011.
Tata Sky’s current subscriber base, according to industry estimates, is around 10 million, up from around 8.5 million in the previous fiscal.
The company is raising Rs 1.6 billion through issue of five-year non-convertible debentures, amid increased sales effort in the four metros where carriage of all television channels will be shifted to digital mode from the current analogue from 1 November.
This will add to the company’s debt (loans and other facilities from banks) of Rs 17.01 billion.
Dish TV is the market leader in DTH services, followed by Tata Sky and Airtel Digital. The other private DTH service providers are Sun Direct, Videocon d2h and Big TV.
Tata Sky’s net loss in 2011-12 was Rs 2.98 billion, 36 per cent less than Rs 4.7 billion a year earlier. The company, privately held, does not disclose its financials.
The company's net sales were up 18 per cent to Rs 15.9 billion from Rs 13.5 billion a year earlier.
The company's net loss in 2009-10 was Rs 6.26 billion on total income of Rs 11.10 billion.
The continuing losses have resulted in piling up of accumulated losses. Tata Sky's accumulated losses as on 31 March 2012 would amount to Rs 43.03 billion with the addition of loss in 2011-12 to the accumulated losses of Rs 40.05 billion as on 31 March 2011.
Tata Sky’s current subscriber base, according to industry estimates, is around 10 million, up from around 8.5 million in the previous fiscal.
The company is raising Rs 1.6 billion through issue of five-year non-convertible debentures, amid increased sales effort in the four metros where carriage of all television channels will be shifted to digital mode from the current analogue from 1 November.
This will add to the company’s debt (loans and other facilities from banks) of Rs 17.01 billion.
Dish TV is the market leader in DTH services, followed by Tata Sky and Airtel Digital. The other private DTH service providers are Sun Direct, Videocon d2h and Big TV.
