Dish TV India Limited announced third quarter fiscal 2011 standalone income of 3749 million, registering 35% increase over the same period of 2009.

The EBITDA for the three month period remained at 684 million, posting over a fourfold growth as against the same quarter last fiscal. The net loss declined to 443 million as against 763 million for the corresponding period last fiscal.

The company's directors during its meeting sanctioned and taken on record the un-audited standalone financial outcomes of the company for the quarter ended on December 2010.

Mr. Subhash Chandra, Chairman, Dish TV India Limited, stated, "India continues to be one of the fastest growing DTH markets in the world and Dish TV remains on track to capitalize on the opportunity. Having consistently garnered an incremental market share above 25% in a six player market, Dish TV's strategic initiatives have been delivering commendable results."

"While subscriber numbers have been on the rise, ARPUs in India have always had significant scope for improvement. Dish TV's initiative to drive ARPUs by industry leading practices has delivered heartening results in a challenging environment. Despite adding more than 1 million subscribers in the third quarter, Dish TV drove Average Revenue per User to ` 142. The recently increased transponder capacity will further enable Dish TV to build on its ability to generate higher revenues by offering a significantly enhanced High Definition bouquet," he added.

While commenting on the third quarter results, Mr. Chandra said, "Dish TV has delivered yet another quarter of encouraging financial results. Its superior quarterly performance is a reflection of its continued focus on operational efficiencies and cost management."

Mr. Jawahar Goel, Managing Director, Dish TV, said, "It was a strong quarter operationally and we are now close to crossing the hump. Dish TV is just half a million less than the critical 10 million subscriber mark and remains committed to break even at the bottom-line and turn free cash flow positive at the earliest. With recent operational initiatives, margin improvements and cash generation would get further strengthened."

The company surpassed the significant 9 million subscribers mark during the third quarter. Forwarding its subscriber acquirement spree, Dish TV went on to append a record 500 thousand new subscribers on its platform in November last year.

During the three month period, the company declared signing up of a long term deal for added transponders on Asiasat with 'Antriksh'.

The augmented transponder capability will permit the company to raise its standard definition channel capacity to more than 320 and high definition capacitance to more than 30 that will be considerably greater than any vying DTH operator in both HD plus SD transmission.

The company has increased its concentration on advertising grosses as an alternate revenue stream and is poised to significantly boost revenue from advertising going forward.

Dish TV has been pushing the digital revolution in India and remains focused to maintain leadership and achieve its guided acquisition target along with aiming profitability in the months to come.

Dish TV's primary expenditures comprise cost of goods and services, workforce cost, administrative cost, ad expenditures and selling expenses.