Dish TV India adds 301,000 subscribers in 2Q 2018

Monday, July 9th, 2018
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301 thousand net subscriber additions during the quarter. Closing net subscriber base of 23.3 million

NOIDA, India — Dish TV India Limited (BSE: 532839, NSE: DISHTV, LSE: DTVL) today reported first quarter fiscal 2019 consolidated subscription revenues of Rs. 14,893 million and operating revenues of Rs. 16,556 million, up 8.1% and 8.0% QoQ respectively. EBITDA for the quarter stood at Rs. 5,568 million. EBITDA margin increased to 33.6%.

On March 22, 2018, Videocon D2h Limited had merged with and into Dish TV India Limited with the appointed date of the merger being October 1, 2017. Financial numbers for 1Q FY19 are thus not comparable with the corresponding period last year (1Q FY18).

The Board of Directors in its meeting held today, has approved and taken on record the unaudited consolidated financial results of Dish TV India Limited and its subsidiaries for the quarter ended June 30, 2018.

Subscriber additions picked up speed during the first quarter. The net number of 301 thousand additions were positively impacted by a sports heavy programming calendar. Ramadaan on the other hand moderated the additions in line with past trends. Phase 4 of Digitization continued to dominate subscriber activations. The sheer number of households pending conversion in Phase 4 indicate sufficient growth potential for the industry going forward.

44% of all subscriber additions were of High Definition. In total, HD subscribers form a promising 17% of the total net base of the Company.

Subscription revenues for the quarter increased 8.1% QoQ to Rs. 14,893 million.

Incrementally higher HD viewership, lower discounts at package levels and a price hike across a majority of recharge packages brought about this increase in subscription revenues during the quarter.

ARPU for the quarter leaped to Rs. 214 from Rs. 201 in the previous quarter.

Mr. Jawahar Goel, CMD, Dish TV India Limited, said, “Price hikes initiated during the quarter were a result of some pricing power gathered over the months. It is a positive sign and should stand us in good stead in the year ahead. The first quarter often sets the pace for the full year. Our performance in the first quarter gives us the confidence to deliver in line with our expectations going forward.”