Dish TV India adds 402,000 subscribers in 2Q 2016

Thursday, July 28th, 2016
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402 thousand net subscriber additions during the quarter. Closing net subscriber base of 14.9 million

NOIDA, India — Dish TV India Limited (Dishtv) (BSE: 532839, NSE: DISHTV) today reported first quarter fiscal 2017 consolidated subscription revenues of Rs. 7,282 million and operating revenues of Rs. 7,786 million. EBITDA for the quarter stood at Rs. 2,646 million compared to Rs. 2,357 million in the corresponding quarter last fiscal. EBITDA margin was 34.0%. Profit before tax was Rs. 631 million while Profit after tax for the quarter was Rs. 409 million.

Mr. Jawahar Goel, Chairman & Managing Director, Dish TV, said, “Healthy subscriber additions led to a 12.3% Y-o-Y increase in subscription revenues (on a like-to-like basis). EBITDA margin bounced to 34.0% from 32.0% in the corresponding quarter last fiscal. Net Profit for the quarter was Rs. 409 million leading to FCF generation of Rs. 627 million. Churn for the quarter at 0.7% p.m. remained well within manageable limits.”