Dish TV, the Direct to Home television services operator, has reported operating revenues of Rs. 490.5 crore for the quarter ended December 31st, 2011, up 31.4% from the same quarter last fiscal. The EBITDA for the quarter stood at Rs 120.2 crore, a 81.5% increase over the corresponding quarter last fiscal. EBITDA margin was recorded at 24.5%.
The net loss for the quarter was Rs 43 crore, down from Rs 48.6 crore reported for the last quarter. Loss for the company has decreased quarter on quarter. The company says that the loss was due to the negative impact of a foreign exchange loss of Rs 15.6 crore.
According to the release from the company, Dish TV added 740,000 new subscribers in the quarter ended December 31, 2011, taking the total number of gross subscribers to 12.5 million and net subscribers to 9.5 million.
Subscriber acquisition cost was down to Rs 2124, compared to Rs 2232 in the last quarter.
Average Revenue Per User – subscription ARPU for DishTV was stable at Rs 152, despite a higher subscriber base.
Subscription revenue was at Rs 425.4 crore, an increase of 37.6% compared to the same quarter, last year.
According to Jawahar Goel, MD of the company, there was a fallout in subscriber addition after October, however, the company was able to initiate and sustain a significant price hike at the entry level, which was taken due to rupee depreciation in the past months. He expects the ARPU to rise after the price hike in the coming quarters.
Dish TV added 8 new channels during the quarter and claims to be the only DTH provider in the country to have a fail proof twin satellite arrangement. The company added about 10,000 consumer touch-points in the quarter.
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.