Videocon d2h adds 0.2 million net subscribers in 3Q 2015

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

The Company continues to be the fastest growing Pay TV operator in India, with an estimated market share of 21% of the DTH net subscriber market share as on September 30, 2015 up from nine percent in the fiscal year ended March 2011.

The Company added 0.57 million gross subscribers and 0.20 million net subscribers during the quarter. Gross subscribers totaled 14.27 million and net subscribers totaled 10.84 million as of September 30, 2015. Churn came in at 1.19% for the quarter and 0.84% for H1.

Key operating metrics

                            Q2FY15  Q2FY16  % growth
                            ------  ------  --------
Gross subscribers(million)   11.82   14.27     20.8%
Net subscribers (million)     9.46   10.84     14.6%
ARPU (Rs)                      190     205      7.9%
Churn (%)                    0.85%   1.19%