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India’s largest direct to home television services operator Dish TV added 0.41 million net subscribers for the quarter ended December 31, 2014, an improvement over the 0.38 million additions in the previous quarter and 0.22 million net additions in the same quarter last year.

DishTV LogoHighlights

Average Revenue Per User: The average revenue per user (ARPU) for Dish TV increased to Rs 177 from Rs 172 in the previous quarter and from Rs 166 in the same quarter last year.

– The subscription revenues for the quarter were at Rs 655.4 crore, up 17.4 % year-on-year (YoY). On a sequential basis, it grew by 6.26% from Rs 616.8 crore last quarter.

Churn remained flat sequentially at 0.7% for the quarter.

Zing Telugu: During the quarter, Dish TV extended (pdf) its sub-brand Zing to Tamil Nadu, after expanding to Andhra Pradesh and Telangana in the preceding quarter.  Zing focuses on vernacular content and caters to the Phase 3 & 4 digitization markets. It was launched earlier this year and is also available across Odisha, West Bengal, Tripura, parts of Assam and most parts of Maharashtra.

– During the quarter, Dish TV expanded to Sri Lanka.

Re-evaluating possibilities of domestic STB production: He added that the company is also now re-evaluating possibilities for domestic manufacturing of Set Top Boxes (STB), following the prime minister’s ‘Make in India’ campaign and hopes that there is an improvement in the hardware economics of locally sourced STBs. He also hopes that the taxation structure is modified to benefit local production.

ARPU’s expected to rise

Dish TV DM Jawahar Goel said, “Though we have been doing everything possible to boost ARPU’s, the scope of results has been limited due to sticky cable prices. As MSO’s shell out more for content and increase tax compliance, cable packaging may become a reality in 2015 thus bringing average revenue per user to respectable levels while creating headroom for ARPU expansion in DTH.”

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Financials

Dish TV reported an operating revenue of Rs 713.88 crore for the quarter, up 4.9% from Rs 672.3 crore in the previous quarter. The net loss was at Rs 2.87 crore for the quarter, an improvement from Rs 15.07 crore loss in the previous quarter.

The EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) for the quarter was at Rs 191.2 crore for the quarter, up from Rs 162.3 crore in the previous quarter. EBITDA margin was slightly higher at 26.8% from 24.1% in the previous quarter.

DownloadPress release | Financials