Dish TV, the Direct to Home television services operator, has reported revenues of Rs. 482.20 crore for the quarter ended September 30, 2011, up 48% from the same quarter last fiscal. The EBITDA for the quarter stood at Rs 121.80 crore, a 142% increase over the corresponding quarter last fiscal. EBITDA margin was recorded at 25.3%.
The net loss for the quarter was Rs 48.6 crore, up from Rs 18.3 crore reported for the last quarter. Loss for the company has increased quarter on quarter. The company says that the loss was due to the negative impact of a foreign exchange loss of Rs 30.4 crore.
According to the release from the company, Dish TV added 575,000 new subscribers in the quarter ended September 30, 2011, taking the total number of gross subscribers to 11.7 million and net subscribers to 9.2 million.
Subscriber acquisition cost was up to Rs 2232, compared to Rs Rs 2058 in the last quarter.
Average Revenue Per User – subscription ARPU for DishTV was stable at Rs 152, despite a higher subscriber base. ARPU for HD subscribers was Rs 454.
Subscription revenue was at Rs 412.4 crore, an increase of 53% compared to the same quarter, last year.
Dish TV recently introduced an all new ‘World Pack’ at Rs.275 per month. It also launched HD World Pack at Rs. 375 per month which aims to lure entry level HD subscribers while it already offers two HD packs Premier at Rs. 450 and HD Royale at Rs. 550.
With the latest mandate of the Indian Government to make digitization of cable networks compulsory, it would be interesting to see how Dish TV’s operations pan out.