Dish TV India adds 200,000 subscribers in 3Q 2018Thursday, October 25th, 2018
200 thousand net subscriber additions during the quarter. Closing net subscriber base of 23.5 million
NOIDA, India — Dish TV India Limited (BSE: 532839, NSE: DISHTV, LSE: DTVL) today reported second quarter fiscal 2019 consolidated subscription revenues of Rs. 14,536 million and operating revenues of Rs. 15,943 million. H1 FY19 subscription and operating revenues were Rs. 29,429 million and Rs. 32,499 million respectively. EBITDA for the quarter stood at Rs. 5,406 million. EBITDA margins were almost at an all time high at 33.9%.
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 2Q FY19 are thus not comparable with the corresponding period last year (2Q 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 September 30, 2018.
Dish TV’s soon to be launched OTT platform and Connected Box are two of the many initiatives in the pipeline that will position Dish TV at par with some other contemporary offerings that the present day urban television consumer is exploring.
Dish TV’s Connected Box would empower the new age consumer to watch both, streaming content as well as linear television using DTH technology, at cost effective prices thus offering them excellent value for money.