Videocon d2h has added 0.46 million net subscribers in the fiscal first quarter while average revenue per subscriber (ARPU) has expanded to Rs 205.
The Nasdaq-listed company, which is targeting higher subscriber additions in the second half of the fiscal due to the 31 December 2015 deadline of digital addressable system (DAS) in Phase III towns, has posted an operating profit (adjusted EBITDA) of Rs 190.27 crore (Rs 1.90 billion) for the quarter ended 30 June 2015.
In the trailing quarter (Q4FY15), adjusted EBITDA stood at Rs 180 crore (Rs 1.8 billion), while in the year-ago period it was at Rs 150 crore (Rs 1.50 billion).
The company clarified that Q1 FY16 adjusted EBITDA is before accounting for employee share-based compensations cost of Rs 2.94 crore (Rs 29.44 million) towards provision of ESOP plan of 2014.
Net loss has narrowed to Rs 24.4 crore (Rs 244 million) compared to Rs 75.7 crore (Rs 757 million) in the trailing quarter and Rs 55.8 crore (Rs 558 million) in the year-ago period.
Read more at: http://www.televisionpost.com/dth/videocon-d2h-adds-0-46-mn-subs-in-q1-operating-profit-at-rs-190-cr/ | TelevisionPost.com
The Nasdaq-listed company, which is targeting higher subscriber additions in the second half of the fiscal due to the 31 December 2015 deadline of digital addressable system (DAS) in Phase III towns, has posted an operating profit (adjusted EBITDA) of Rs 190.27 crore (Rs 1.90 billion) for the quarter ended 30 June 2015.
In the trailing quarter (Q4FY15), adjusted EBITDA stood at Rs 180 crore (Rs 1.8 billion), while in the year-ago period it was at Rs 150 crore (Rs 1.50 billion).
The company clarified that Q1 FY16 adjusted EBITDA is before accounting for employee share-based compensations cost of Rs 2.94 crore (Rs 29.44 million) towards provision of ESOP plan of 2014.
Net loss has narrowed to Rs 24.4 crore (Rs 244 million) compared to Rs 75.7 crore (Rs 757 million) in the trailing quarter and Rs 55.8 crore (Rs 558 million) in the year-ago period.
Read more at: http://www.televisionpost.com/dth/videocon-d2h-adds-0-46-mn-subs-in-q1-operating-profit-at-rs-190-cr/ | TelevisionPost.com
