cmn_Dish-TV

India’s largest direct to home television services operator Dish TV added 0.317 million net subscribers for the quarter ended December 31, 2015 (Q3 FY16). The number of additions of DTH subscribers have been declining over the past three quarters at Dish TV. The company added 0.338 million customers in the preceding quarter and in the first quarter the additions stood at 0.39 subscribers.

This takes up Dish TV’s total number of subscribers to 14 million.

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).

Financials

Dish TV reported an operating revenue of Rs 771.5 crore for the quarter, up 11.8% from Rs 690 crore in the same quarter last year, and up 2.5% from Rs 752.4 crore in the preceding. The net profit was at Rs 68.5 crore for the quarter, a decline of 21.3% from Rs 87 crore in the previous quarter and grew from a loss of Rs 26 crore in the same quarter last year.

The EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) for the quarter was at Rs 265.4 crore for the quarter, up 4.1% from Rs 255 crore in the previous quarter. EBITDA margin was higher at 34.4% from 33.9% in the previous quarter.

Highlights

Average Revenue Per User: DishTV reported an ARPU of Rs 172. In the preceding quarter ARPU stood at Rs 171.

– Dish TV’s DTH segment reported revenues of Rs 552.38 crore and the infra support services business reported revenues of Rs 231.74 crore.

 The DTH segment reported an operating profit of Rs 68.75 crore and the infra support services business reported a profit of Rs 14.45 crore.