Direct-to-home (DTH) company Videocon d2h is on track to end the current financial year with an operating profit (EBITDA) of Rs 820 crore (Rs 8.2 billion), and Rs 860 crore (Rs 8.6 billion) if Phase III of digital addressable system (DAS) proceeds as expected. The government has mandated 31 December 2015 as the deadline for Phase III of DAS. “We reiterate our EBITDA guidance of at least Rs 8.2 billion for the current fiscal year ended March 2016, with guidance increasing up to Rs 8.6 billion if digitisation proceeds on a faster side of expectation. This range provided previously is based on various estimates for timing and pace of digitisation,” Videocon d2h executive chairman Saurabh Dhoot told investors. The company had said after the first quarter results that it expected FY16 EBITDA to the tune of Rs 820–860 crore, an increase of approximately 35–40 per cent over FY15 when the EBITDA (adjusted) stood at Rs 610 crore (Rs 6.10 billion).
Read more at: http://www.televisionpost.com/dth/videocon-d2h-expects-ebitda-to-be-rs-860-cr-in-fy16-if-das-phase-iii-is-on-track/ | TelevisionPost.com
Read more at: http://www.televisionpost.com/dth/videocon-d2h-expects-ebitda-to-be-rs-860-cr-in-fy16-if-das-phase-iii-is-on-track/ | TelevisionPost.com
