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Dish TV Adds 0.83M Subscribers In Q3-FY13; Rs 557.8 Cr Revenues

Dish TV, India’s largest Direct to Home television services operator, has reported operating revenues of Rs 557.8 crore for the quarter ending December 31, 2012, up 13.72% from Rs 490.5 crore from the corresponding quarter last year.

Its EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) for the quarter stood at Rs 137.7 crore crore, up 14.56% from Rs 120.2 crore the corresponding quarter last fiscal. The EBITDA margin for the quarter stood at 24.7%.

Dish TV reported a net loss of Rs 44.9 crore for the quarter, as compared to Rs 43 crore loss in Q3-FY12. Dish TV had reported a profit of Rs 55.1 crore in the previous quarter, however it had included an exceptional item of 76.4 crore due to the reversal of finance costs, indicating a net loss of Rs 21.33 crore loss during the quarter.

Need To Know

– Subscriber Acquisition Cost (SAC) stood at Rs 2,201, down from Rs 2,273 in the previous quarter (Q2-FY13).

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– Average Revenue Per User: The annual average revenue per user (ARPU) for DishTV stood at Rs 160, up from Rs 159 in the previous quarter. Goel attributed this increase to the price hike in the second quarter.

– Subscription revenues for the quarter was at Rs 494.3 crore, up 16.2% YoY.

Subscriber Additions Due To Festive Season

Dish TV informed that it has added 829,000 new subscribers during the quarter ending September 30, 2012, taking its total number of gross subscribers to 14.7 million subscribers and net subscribers to 10.5 million. Gross subscribers includes both active and inactive subscribers. Jawahar Goel, Managing Director, Dish TV attributed the increase in the base to the festive season and the mandatory cable TV digitization in metro cities, which came in force from October 31, 2012.

He claimed that the company registered more than 1 million monthly run-rate in Delhi and Mumbai and accounted for 28% of the new additions amongst DTH platforms in the digitization territories.

In the previous quarter (Q2-FY13), the company had added 477,000 subscribers and had reported a 13.9 million gross subscribers and 10 million net subscribers. For the same quarter last fiscal (Q3-FY12), it had reported 740,000 new subscribers in Q3-FY12 and reported 12.5 million gross subscribers and 9.5 million net subscribers.

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Dish TV is currently India’s largest DTH provider, followed by Tata Sky which had around 10 million subscribers as of October 2012 and Sun Direct which had 7.6 million subscribers as of June 2012. Others in the list include Airtel DTH (7.4 million subscribers), Videocon d2h (6.1 million subscribers), and Reliance Digital TV (4.4 million subscribers).

Update: Error in headline corrected.

DownloadRelease | Financials

Related:

Dish TV Q2-FY13: Adds 477,000 Subscribers, Rs 55.1 Crore Profit
– Dish TV Q1-FY13: Adds 504,000 Subscribers, Rs 519.9 Cr Revenues
– Dish TV Q4-FY12: Adds 415,000 Subscribers, Rs 524.7 Cr Revenues

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