Dish TV Reports Higher Net Loss for Quarter of Financial Year 2012
Dish TV Reports Higher Net Loss for Quarter of Financial Year 2012 Source:- BestMediaInfo Bureau | Delhi | January 20, 2012 http://www.bestmediainfo.com
Dish TV India (Dishtv), announcing its third quarter fiscal 2012 results (ending December 31, 2011), reported operating revenues of Rs 4,905 million, representing a 31.4 per cent growth over the corresponding period last fiscal. Continued foreign exchange loss hiked the net loss by Rs 156 million to Rs 430 million.
EBITDA for the quarter stood at Rs 1,201 million compared to Rs 662 million in the corresponding period last fiscal. EBITDA margin stood at 24.5 per cent.
Dish TV added 740 thousand new subscribers in the quarter ended December 31, 2011 achieving a total of 12.5 million gross and 9.5 million net subscribers at the end of the period.
Subhash Chandra, Chairman, Dish TV India, said, “As the world at large continues to stare at economic uncertainty in the face, India remains cautiously optimistic but vulnerable to the risks associated with a slowing global economy.”
“Despite a challenging macroeconomic environment and resultant price sensitivity, subscriber additions across the DTH industry have been encouraging. With digitalisation expected to boost subscriber additions, Dish TV is well-entrenched to further build on its supremacy while also targeting larger uptake of ARPU accretive HD subscribers,” Chandra added.
Jawahar Goel, Managing Director, Dish TV, said, “The festival quarter ending December has traditionally been a bigger contributor in terms of subscriber additions and revenue compared to the other quarters. This year though, the category outperformed on a year-on-year basis in October being Diwali time, but subscriber additions thereafter witnessed a slowdown. Notwithstanding the fallout in terms of lower additions, what is heartening is that Dish TV, followed by much of the industry, was able to initiate and sustain a significant price hike at the entry level. The price hike was taken to offset the unprecedented rupee depreciation in the last few months. Dish TV continued to maintain its lead in incremental share in a six-player market.”
Dish TV continues to invest in new technologies and content. The platform added eight new channels during the quarter and remains the only DTH provider in the country to have a fail-proof twin satellite arrangement. Enjoying significant advantage over its peers, Dish TV with its existing bandwidth can accommodate the highest number of HD channels on its platform.