wordpress blog stats
Connect with us

Hi, what are you looking for?

, , ,

Tata Sky FY12: Rs 298 Crore Loss; Net Sales At Rs 1590 Crore

Direct To Home (DTH) service provider, Tata Sky has reported a net loss of Rs 298 crore for the year ending March 31, 2012, reports Indiantelevision.com. The report states that this is 36% decrease in loss from Rs 470 crore loss in 2010-11 and 52.4% decrease in loss from Rs 626 crore loss in 2009-10. However, it's worth noting that the report hasn't mentioned any data source for the information and since the company is privately held, it doesn't disclose its financials. Net Sales: The report states that the company's net sales stood at Rs 1,590 crore for the year ending March 31, 2012, up 18% from Rs 1,350 crore from the previous fiscal and up 43% from Rs 1,110 crore in 2009-10. Accumulated Loss: It also suggests that the accumulated loss of Tata Sky stands at Rs 4,303 crore for the year ending March 31, 2012, up from Rs 4,005 crore in the previous fiscal. Total Subscribers: Citing industry estimates, the report also states that Tata Sky has 10 million subscribers in the country, up from 8.5 million in the previous fiscal and has the second highest subscriber base in country after Dish TV, which had reported 13.4 million gross subscribers in July 2012. Incorporated in 2004, Tata Sky is a joint venture between the Tata Group and the News Corp-controlled Star India. As of March 31, 2012, Tata Group owned 60% stake in the company, followed by Star India which owned 30% stake in the company and Bay Tree Investments which owned 10%…

Please subscribe/login to read the full story.
Written By

Free Reads

News

With GPS in every car, India's toll collection is going high-tech.

News

Google is currently undergoing the necessary procedures for the leasehold land, which is presently under the ownership of the Maharashtra Industrial Development Corporation.

News

The pilot project for which is being launched in 19 cities this year, with a plan to launch a full-fledged rollout next year.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ