News Videocon d2h narrows net loss in FY15 amid strong subscriber growth

Deepu

Deepu

EntMnt Legend
Finest Member
Videocon d2h, the DTH arm of Videocon Group, has seen strong subscriber growth in the fiscal ended 31 March 2015 while ARPU has grown and content cost has inched up.

Net loss has narrowed to Rs 272.7 crore (Rs 2.73 billion) in FY15 compared to Rs 319.5 crore (Rs 3.2 billion) a year ago, demonstrating an improvement of 14.7 per cent.

Subscriber addition

Videocon d2h added 1.74 million net subscribers in the fiscal. The direct-to-home (DTH) operator’s net subscriber base grew 20.6 per cent to 10.18 million, from 8.44 million in the prior year. Videocon d2h added 2.64 million gross subscribers during the fiscal. Its gross subscriber base saw a 25.2 increase to 13.09 million, from 10.45 million in the trailing fiscal.

ARPU and churn

The average revenue per user (ARPU) grew to Rs 196 ahead of guidance, with Q4 ARPU growing to Rs 202. The DTH operator was able to push through an inflation-linked APRU increase in February 2015. Churn rate in the fiscal stood at 0.8 per cent per month, from 0.76 per cent per month in FY14. The subscriber acquisition cost increased to Rs 1,984, from Rs 1,890 per subscriber in FY14

Read more at: http://www.televisionpost.com/dth/videocon-d2h-narrows-net-loss-in-fy15-amid-strong-subscriber-growth/ | TelevisionPost.com
 
Deepu

Deepu

EntMnt Legend
Finest Member
Key highlights for Fiscal 2015:

  • Revenue from operations grew 32.5% to INR 23.38 billion;
  • Subscription revenue grew 38.3% to INR 20.58 billion;
  • Adjusted EBITDA grew 55.3% to INR 6.09 billion (excluding one-off securities issue expenses and ESOP scheme impact of INR 135.17 million);
  • Adjusted EBITDA margin expanded by 390 basis points to 26.1% despite content cost increases;
  • ARPU grew to INR 196 ahead of guidance, with Q4 ARPU at INR 202;
  • Market leader in gross and net adds at 2.64 million and 1.74 million subscribers, respectively;
  • Closing gross subscribers at 13.09 million and net subscribers base at 10.18 million; and
  • Churn came in at 0.8% per month
Videocon d2h Limited Fiscal Year Ended March 31, 2015 Earnings Release -- MUMBAI, India, June 3, 2015 /PRNewswire/ --
 
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