Dish TV profitability increases in Q3FY16
DSIJ Intelligence / 04 Feb 2016
Dish TV declared its Q3FY16 on February,3. The company's revenue declined by 1.57 per cent to Rs 771 crore in Q3FY16 as compared to same period in previous financial year.
Dish TV declared its Q3FY16 on February,3. The company's revenue declined by 1.57 per cent to Rs 771 crore in Q3FY16 as compared to same period in previous financial year. However, its subscription revenue increased by 12.6 per cent to Rs 711 crore in Q3FY16 on a yearly basis. Dish TV's total expenditure decreased by 14.23 per cent to Rs 506 crore in Q3FY16 on a yearly basis.
Dish TV's EBITDA was boosted by 36.99 per cent to Rs 266 crore in Q3FY16 as compared to same period in previous fiscal year. The company's EBITDA margin expanded considerably by 969 basis points to 34.41 per cent in Q3FY16 on a yearly basis. It posted net profit of Rs 69 crore in Q3FY16 against net loss of Rs 2.64 crore in Q3FY15.
On nine month financials, Dish TV's revenue increased by 10.18 per cent to Rs 2261 crore in 9MFY16 as compared to same period in previous fiscal year. The company's total expenditure declined by 2.41 per cent to Rs 1502 crore in 9MFY16 on a yearly basis. Its EBITDA increased by 48.02 per cent to Rs 758 crore in 9MFY16 as compared to same period in previous financial year. Dish TV reported net profit of Rs 210 crore in 9MFY16 against net loss of Rs 31.8 crore in 9MFY15.
Dish TV witnessed addition of net subscribers of 3.17 lakh and total subscriber base increased to 14 million as of December 2015 quarter. The company's average revenue per unit (ARPU) stands at Rs 172 in Q3FY16 against Rs 171 in the Q2FY16. It succeeded in reducing net debt to Rs 561 crore as of Q3FY16.
The share price of Dish TV dropped by 11.5 per cent and closed at Rs 77.1 on bourses, after declaration of results on February,3. The company's share price increased by 3.7 per cent on bourses in early trades; and is trading at Rs 78.85 on an intraday basis.
Dish TV is Asia Pacific’s largest direct-to-home (DTH) company and part of one of India’s biggest media conglomerate – the ‘Zee’ Group. The company has more than 520 channels & services including 22 audio channels and over 50 HD channels & services. It uses the NSS-6 satellite platform which is unique in the Indian subcontinent owing to its automated power control and contoured beam. Dish TV has a vast distribution network of over 2180 distributors & over 216240 dealers that span across 9040 towns in the country.
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