Dish TV, the Direct to Home television services operator, has reported standalone revenues of Rs. 460.38 crore for the quarter ended June 30, 2011, up 51% from the same quarter last fiscal. The EBITDA for the quarter stood at Rs 112.2 crore, a 248% increase over the corresponding quarter last fiscal. EBITDA margin was recorded at 24.4%.
The net loss for the quarter was Rs 18.3 crore, down from Rs 63.1 crore reported for the corresponding quarter last year. Loss for the company has been declining quarter on quarter. The company hopes to achieve bottom line profitability in the coming quarters.
Highlights
According to a release from the company, Dish TV added 725,000 new subscribers in the quarter ended June 30, 2011, taking the total number of gross subscribers to 11.2 million and net subscribers to 8.9 million.
Subscriber acquisition cost was down to Rs 2058, ompared to Rs 2,224 in the immediately preceding quarter, however churn increased marginally to close at 1.1% per month from 1% in the preceding quarter, largely because of subscriber inactivity post the Cricket World Cup.
Average Revenue Per User – subscription ARPU for DishTV was stable at Rs 150, despite a higher subscriber base.
Subscription revenue was at Rs 392.2 crore, an increase of 57% compared to the same quarter, last year.
Dish TV added new regional channels for its Telugu, Kannada, Oriya and North Eastern viewers. Post the addition, Dish TV offers 20 Telugu, 12 Kannada, 8 Oriya and 8 channels catering to its North Eastern viewers.
It increased the number of HD channels to 40, adding content from Fox and National Geographic.
Download: Release | Financials
Related:
– Price Hike Pushes Up Dish TV Q4-FY11 ARPU; Margins Up, Loss Down
– Dish TV Q3-11 ARPU At Rs. 142, Net Loss Down To Rs. 44.2 Crore
– Dish TV To Raise $200 M; Q2-11 ARPU Stable, Net Loss Down
– Dish TV Inks Deal With Quasar For DTH Advertising
– Dish TV Crosses The 8 Million Subscribers Mark
