News Videocon d2h Limited Quarter Ended December 31, 2015 Earnings Release

Technoglitch

Technoglitch

Core Member
Highlights for the quarter ended December 31, 2015:

  • Subscription and activation revenue grew 26.0% year on year to INR 6.65 billion;
  • Revenue from operations grew 21.6% year on year to INR 7.31 billion;
  • Adjusted EBITDA grew 42.2% year on year to INR 2.01 billion;
  • Adjusted EBITDA margin expanded by 390 basis points year on year to 27.4%;
  • ARPU3 grew 8.2% year on year to INR 211;
  • Gross and net subscribers increased by 0.67 million and 0.43 million subscribers during the quarter, respectively;
  • Closing gross subscribers at 14.95 million and net subscribers base at 11.27 million; and
  • Churn came in at 0.73% per month
The Company achieved strong subscription and activation revenue growth of 26.0% year on year to INR 6.65 billion in the third quarter of the current fiscal year (fiscal year 2016) as compared to INR 5.28 billion in the third quarter of the 2015 fiscal year, primarily as a result of higher net subscribers and ARPU growth. Revenue from operations grew 21.6% year on year to INR 7.31 billion during the quarter. Subscriber acquisition costs in the form of hardware subsidies were INR 1,726 per subscriber during the third quarter of the 2016 fiscal year.

Videocon d2h achieved Adjusted EBITDA of INR 2.01 billion for the third quarter of the 2016 fiscal year compared to INR 1.41 billion for the third quarter of the 2015 fiscal year, an impressive growth of 42.2%. Adjusted EBITDA margin expanded 390 basis points year on year to 27.4% in the third quarter of the 2016 fiscal year.

Net loss for the third quarter of the 2016 fiscal year came in at INR 220 million, a 72.4% improvement over the third quarter of the 2015 fiscal year.

The Company added 0.67 million gross subscribers and 0.43 million net subscribers during the quarter. Gross subscribers totaled 14.95 million and net subscribers totaled 11.27 million as of December 31, 2015. Monthly churn came in at 0.73% for the quarter and 0.80% for the nine months ending December 31, 2015, which is marginally ahead of the company guidance.



The company had gross debt of INR 23.90 billion and total cash and short term investments of INR 8.26 billion as of December 31, 2015.

Videocon d2h Limited Quarter Ended December 31, 2015 Earnings Release -- MUMBAI, India, Jan. 27, 2016 /PRNewswire/ --
 
Deepu

Deepu

EntMnt Legend
Finest Member
During the quarter, we continued to strengthen our content offering and added new channels on our platform. We recently added two transponders ahead of schedule. This further strengthens our content offering, which is one of our key competitive advantages. With this additional bandwidth we will continue to add more regional and HD channels to our platform in times to come.”

Read more at: http://www.televisionpost.com/dth/videocon-d2h-narrows-q3-net-loss-adds-0-43-net-subs/ | TelevisionPost.com
 
Teufel

Teufel

EntMnt Knight
Finest Member
They are really slow if they have activated transponders. I don't know what are they waiting for, it's not like they have to offer channels for free.
 
Deepu

Deepu

EntMnt Legend
Finest Member
American said:
what is meant by the highlighted part ?

ahead of schedule means wat ?
Click to expand...
Looks like they were planning to add the Transponders later, but due to pressure from other DTH operators they have activated it earlier
 
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