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Dish TV Q2-FY13: Adds 477,000 Subscribers, Rs 55.1 Crore Profit

Dish TV, the Direct to Home television services operator, has reported operating revenues of Rs 533.6 crore for the quarter ending September 30, 2012, up 10.1% from the corresponding quarter last fiscal. The EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) for the quarter stood at Rs 155.7 crore, up 18.3% from the corresponding quarter last fiscal. EBITDA margin for the quarter stood at 29.2% The company reported a net profit of Rs 55.1 crore for the quarter as compared to a net loss of Rs 32.32 crore in the previous quarter and a net loss of Rs 48.56 crore for the same quarter last year. Highlights Dish TV informed that it has added 477,000 new subscribers during the quarter ending September 30, 2012, taking the total number of gross subscribers to 13.9 million subscribers and net subscribers to 10 million. Subscriber Acquisition Cost (SAC) stood at Rs 2,273, up from Rs 2,232 in the previous quarter (Q1-FY13). Interestingly, the company had previously noted that the subscriber acquisition cost for Q1-FY13 was Rs 2,145. Average Revenue Per User: The annual average revenue per user (ARPU) for DishTV stood at Rs 159, up from Rs 156 in the previous quarter. The company attributed this increase partially to the price hike in the last quarter. Subscription revenues for the quarter was at Rs 472.7 crore, up 14.6% from the same quarter last year. According to Jawahar Goel, Managing Director, Dish TV, the second quarter has been sluggish due to the macro headwinds and price hike…

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