Dish TV India adds 404,000 subscribers in 1Q 2015; makes profit

NOIDA, India — Dish TV India Limited (Dishtv) (BSE: 532839, NSE: DISHTV) today reported fourth quarter fiscal 2015 results.

Dish TV achieved a strong, sector leading, subscriber growth of 1.5 million net subscribers during the year. Fiscal 2015 also saw Dish TV swing to Net Profit, a first for any DTH company in India.

Dish TV added 404 thousand subscribers during the quarter, reaching 12.9 million net at the end of the quarter and year ended March 31, 2015.

Last year Dish TV launched a second brand, Zing, in the Indian DTH space. A resounding success, Zing cemented Dish TV’s supremacy in the DAS Phase 3 & 4 markets with custom-made content, hardware and service packages for the regional audience.

“During the quarter, we garnered net subscribers that were almost equal to the numbers during the festival quarter of October – December 2014. While Zing gained ground in Phase 3 & 4 markets, High–Definition (HD) driven sports offerings were the mainstay, in Rest of India, during the Cricket World Cup 2015,” Mr. Jawahar Goel, Managing Director, Dish TV said.

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