Dish TV adds 390 thousand subscribers in 2Q 2015

Dish TV added 390 thousand net subscribers during the quarter. Total subscriber base of 13.3 million at the end of the period.

NOIDA, India — Dish TV India Limited (Dishtv) (BSE: 532839, NSE: DISHTV) today reported first quarter fiscal 2016 (ended June 30, 2015) consolidated operating revenues of Rs. 7,367 million, up 19.2% Y-o-Y and subscription revenues of Rs. 6,828 million, up 20.6% Y-o-Y.

In one of the most ambitious reforms ever announced for the media industry in India, Analog TV households are mandated to be digitized under the Digital Addressable System (DAS) notified by the Government. The impending DAS Phase 3 & 4 markets have an 80 million household potential, a large part of which is expected to be lapped up by the prominent DTH players in the country. Dish TV has been at the forefront when it comes to gaining incremental subscribers in the highly competitive DTH industry in India.

Despite Q1 being a relatively weak quarter seasonally, Dish TV gained subscribers both in the Phase 3 and 4 markets as well as in the upmarket localities in the country.

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. The company today reported its maiden consolidated quarterly numbers.