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Dish TV adds 0.338M subscribers in Q2-FY16; Net profit at Rs 87 Cr

cmn_Dish-TV

India’s largest direct to home television services operator Dish TV added 0.338 million net subscribers for the quarter ended September 30, 2015. The company had 0.39 million additions in the preceding quarter, and the net additions in the same quarter last year stood at 0.38 million. This takes up Dish TV’s total number of subscribers to 13.7 million.

DishTV ARPU

Note that in April, Dish TV recently transferred its non-core business (including set-top boxes, dish antenna and related services) to its wholly owned subsidiary Dish Infra Services Private Limited (formerly known as Xingmedia Distribution Private Limited) on April 1, 2015.

Financials

DishTV operating revenues

Dish TV reported an operating revenue of Rs 752.4 crore for the quarter, up 15.8% from Rs 649.9 crore in the same quarter last year, and up 2.1% from Rs 736.7 crore in the preceding. The net profit was at Rs 87 crore for the quarter, a huge improvement from Rs 55.3 crore in the previous quarter and Rs 13.3 crore loss in the same quarter last year.

The EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) for the quarter was at Rs 255 crore for the quarter, up 7.7% from Rs 236.8 crore in the previous quarter. EBITDA margin was higher at 33.9% from 32.1% in the previous quarter.

Highlights

Average Revenue Per User: DishTV reported an ARPU of Rs 171. In the preceding quarter ARPU stood at Rs 173 and Rs 166 in the same quarter last year.

– Dish TV’s DTH segment reported revenues of Rs 639.79 crore and the infra support services business reported revenues of Rs 242.17 crore.

 The DTH segment reported an operating profit of Rs 148.3 crore and the infra support services business reported a profit of Rs 15.53 crore.

Other developments

– In August, DishTV launched a new video-on-demand (VOD) service called DishFlix which will allow users to watch ad-free movies. The service does not require an Internet connection and movies would be beamed to DishTV’s set top boxes via satellite.

– In the same month, the company tied up with Hungama and launched a music service called Music Active. The service would feature music across genres such as Bollywood, devotional, Western, pop and old Bollywood, along with international hits and classics, ghazals, Bhojpuri, Kannada, Tamil and Carnatic music.

Download: Press release and Financials

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