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Breaking News :  Dish TV Q1 FY16 highlights: Net profit at Rs 54.2 cr
Tuesday 28-July-2015, 19:22,
Dish TV Q1 FY16 highlights: Net profit at Rs 54.2 cr
MUMBAI: Leading direct-to-home
(DTH) player Dish TV has posted
operating profit of Rs 236.8 crore (Rs
2.37 billion) for the quarter ended 30
June 2015.
EBITDA margin stands at 32.1 per
Q1 FY16 highlights are:
Dish TV Q1 consolidated subscription
revenue is at Rs 682.8 crore (Rs 6.83
Total operating revenue is at Rs
736.7 crore (Rs 7.37 billion)
Consolidated net profit is at Rs 54.2
crore (Rs 542 million).
The company has added 390,000 net
Average revenue per user (ARPU) post
consolidation is Rs 173.
Await detailed report…
Add Thank You Reply
Tuesday 28-July-2015, 19:24,
RE: Dish TV Q1 FY16 highlights: Net profit at Rs 54.2 cr
crore and Rs 34.94 crore (margin 4.8
per cent) respectively.
Dish TV was probably the first among
listed DTH companies in the country in
FY-2015 and Q4-2015 to report a
profit after tax as opposed to the
operating profits reported by a
segment of the other goliaths for
whom DTH services is just another
small segment.
This quarter (quarter ended 30 June,
2015, Q1-2016), the company has
reported 55.2 per cent higher PAT at
Rs 54.21 (margin 7.4 per cent) as
compared to the above mentioned PAT
in Q4-2015. The company had
reported a loss of Rs 14.97 crore in
Note: (1)100,00,000 = 100 Lakh = 10
million = 1 crore
(2) With effect from April 1, 2015,
Dish TV says that it has started
netting-off certain collection fees
paid to its trade partners from its
topline. This has resulted in the
company’s topline getting shrunk by
around 4 percent, with a similar
number being decreased from the
middle line. The values for the prior
comparative periods have also been
recast to reflect the same.
(3) Dish TV recently transferred its
non-core business (including set-top
boxes, dish antenna and related
services) to its wholly owned
subsidiary Dish Infra Services Private
Limited (formerly known as Xingmedia
Distribution Private Limited) on April
1, 2015 on a going concern basis. The
Company today reported its maiden
consolidated quarterly numbers.
The company reported addition of
3,90,000 net subscribers in Q1-2016,
taking its total subscriber base to
1.33 crore as on 30 June, 2015. Post
consolidation, Dish TV says that
Average Revenue Per User (ARPU) was
Rs 173 versus Rs 172 (q-o-q) in
Q4-2015. ARPU however would have
been Rs 180, as compared to Rs 179 in
Q4-2015, without the effect of
consolidation. The company reported
consolidated subscription revenues at
Rs. 628.88 crore, up 20.6 percent y-
The company reported 0.9 per cent
higher consolidated net total Income
from Operations (TIO) in the current
quarter at Rs 736.68 crore as
compared to the Rs 729.93 crore in
the immediate trailing quarter and
was 19.2 per cent more than the Rs
618.04 crore in Q1-2015.
Dish TV chairman Subhash Chandra
said, “Dish TV has been actively
contributing to the ‘Digital India’
movement by digitizing analog TV
homes in DAS phase 3 and 4 markets
and remains optimistic about its
prospects to acquire a substantial
share in these markets. Continuing its
focus on growth with profitability,
the company delivered another
quarter of encouraging financial
Let us look at the other numbers
reported by Dish TV
Dish TV total expenditure in Q1-2016
at Rs 659.69 crore (89.5 per cent of
TIO) was 0.7 percent lower than the
Rs 664.08 crore (91 per cent of TIO)
in Q4-2015 and was 8.7 per cent more
than the Rs 606.80 crore (98.2 per
cent of TIO) in Q1-2015.
A major expense head is
programming /content and other costs
(content costs). In Q1-2016 content
cost at Rs 212.01 crore (28.8 per
cent of TIO) was 2.1 per cent more
than the Rs 207.62 crore (28.4 per
cent of TIO) and was 5.3 per cent
more than the Rs 201.39 crore (32.6
per cent of TIO) in Q1-2015.
Employee Benefit Expense (EBE) in
Q1-2016 at Rs 34.67 crore (4.7 per
cent of TIO) was 39.7 per cent more
than the Rs 24.81 crore (3.4 per cent
of TIO) an was 34.8 per cent more
than the Rs 25.72 crore (4.2 per cent
of TIO) in the corresponding year ago
Dish TV managing director Jawahar
Goel said, “Our first quarter results
are in line with the success of our
regional and high definition (HD)
strategy. Our regional offering,
Zing, would soon be launched in Kerala
and would carry the largest cache of
vernacular channels offered in that
market. Zing cemented Dish TV’s
supremacy in the DAS Phase 3 and 4
markets with custom-made content,
hardware and service packages for
the regional audience. High definition
continues to be a value driver and a
key differentiator for us compared to
other DTH offerings in India. Dish
TV’s industry leading bandwidth
capacity supports 42 HD channels, the
largest on offer by any distribution
platform so far.”
“Led by robust subscriber additions
and an improving ARPU, subscription
revenues for the quarter increased
20.6 per cent over the corresponding
quarter last fiscal. EBITDA of Rs
2,368 million recorded a significant
51.3 per cent jump over the
corresponding quarter. Net Profit for
the quarter was Rs 54.2 crore
compared to a loss of Rs 15 crore in
the first quarter last fiscal. The
resultant free cash flow was Rs 68.9
crore. Amid improving financial
performance, churn for the quarter
remained steady at 0.7 per cent per
month,” added Goel.
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