Buzzing Stock: Dish TV shoots up by nearly 5 per cent post Q1 numbers

Asia Pacific’s largest direct-to-home (DTH) company and part of the Essel Group, Dish TV has reported net loss of Rs 13.9 crore in Q1FY18 versus net loss of Rs 28 crore in the preceding quarter. Reporting its results for the quarter ended June 30, 2017 on Thursday, the company revealed that its total sales for Q1FY18 were at Rs 738.9 crore, which represents a 4.3 per cent sequential increase and 5.1 per cent YoY decline.
 
Subscription revenue for the quarter grew by 11.5 per cent sequentially. Further, the average revenue per user (ARPU) grew by 10.4 per cent sequentially and was recorded at Rs 148. Also, net additions at 0.186 million were higher by 12.7 per cent on a sequential basis. Its operating profit (EBIT) for the quarter amounted to Rs 19 crore and its EBIT margin stood at 2.6 per cent.
 
Dish TV has on its platform more than 622 channels and services, including 39 audio channels and over 66 HD channels and services. The company has a vast distribution network of over 2,108 distributors and over 2,90,180 dealers that span across 9,291 towns across India.
 
Today, the stock opened at Rs. 74 and touched an intra-day high and low of Rs 78.3 and Rs 72.9, respectively, on the BSE.