Videocon d2h adds 0.46 million subscribers in 2Q 2015

MUMBAI, India — Videocon d2h Limited (NASDAQ: VDTH) (“Videocon d2h” or the “Company”) announced its financial results for the quarter ended June 30, 2015.

The Company continues to be the fastest growing Pay TV operator in India, with roughly 20% of the DTH net subscriber market share as on March 31, 2015 up from nine percent four years ago. The Company continues to see a pick-up in its High-definition (“HD”) subscriber base. The Company’s HD subscriber base represents almost 10% of the total net subscriber base.

The Company added 0.61 million gross subscribers and 0.46 million net subscribers in Q1FY16. Gross subscribers totaled 13.70 million and net subscribers totaled 10.64 million at end Q1FY16. Churn came in at 0.46% for the quarter as compared to 0.42% in Q1FY15.

Key operating metrics

                            Q1FY15  Q1FY16  % growth
                            ------  ------  --------
Gross subscribers(million)   11.21   13.70     22.2%
Net subscribers (million)     9.09   10.64     17.1%
Churn (%)                    0.42%   0.46%