Q3FY17 results: Siti Networks Ltd.

The total sales for this quarter, Q3FY17, came in at Rs 298 crore. This represents a 3.11 per cent sequential increase and 13.37 per cent YoY decline. This was driven by 9 per cent QoQ increase in revenue from the subscription segment. EBIT for the recently concluded quarter amounted to Rs 54.5 crore, registering a 15.5 per cent QoQ growth. In terms of the bottom-line, the company reported a recovery in net loss at Rs 26.3 crore, which is against Rs 46.9 crore posted during Q2FY17. This was on the back of 198 per cent QoQ increase in other income.
 
Wire and Wireless (India) Limited is an Indian multi system operator (MSO) company. It is a flagship company of Essel Group and the company operate in cable distribution business segment. WWIL product range includes analogue cable, digital cable television, broadband and local television channels. Wire and Wireless has been providing services in analogue and digital mode, armed with technical capability to provide features like video on demand, pay per view, electronic programming guide (EPG) and gaming through a set top box (STB). All products are marketed under SITI umbrella brand.