Dish TV: Breaches lower circuit; Charts feeble Q4
DSIJ Intelligence / 25 May 2017
On Thursday, Dish TV posted Rs 28.33 crore as a net loss for the quarter ended March 31 strike by fall in revenue while a year ago in the fourth quarter it had reported a net profit of Rs 482.77 crore.
On Thursday, Dish TV posted Rs 28.33 crore as a net loss for the quarter ended March 31 strike by fall in revenue while a year ago in the fourth quarter it had reported a net profit of Rs 482.77 crore.
During the quarter the company’s total income from the operation has dipped by 12.44 per cent at Rs 718.98 crore against Rs 821.15 crore for the same quarter a year ago.
Total expenses of FY 2016-17 are Rs 748.07 crore which is up by 0.91 per cent compared to previous FY 2015-16 which is at 741.28 crores.
"Subscription revenues during the quarter were lower by 11.1 per cent compared to the same quarter last year mainly due to the absence of a major cricketing event as well as package down gradation by existing subscribers," Dish TV told in an official statement.
On Thursday, Dish TV India Ltd. is quoting Rs 79.55, down by 12.30 points or 13.39 per cent on BSE at 11:41. Its 52-week high is 110.95 (28/03/17) and 52- week low is 76.90 (09/11/2016).
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