Dish TV Registers 60% Increase In Operating Profit

Dish TV Registers 60% Increase In Operating ProfitDish TV, the country’s major direct-to-home (DTH) service supplier, has registered an increase of 21.2% in its standalone income, which remained at Rs524.7 crore for the three month period ended March 2012 as compared to the same period of last year.

The company’s operating profit in the period under review surged 59.9% to Rs 144.2 crore as compared to the corresponding period of the last financial.

Company’s Earnings Before Interest Taxes Depreciation and Amortization margin remained at 27.5%.

Dish TV recorded a net loss of Rs 49 crore in Jan-Mar quarter that comprised forex loss of about Rs 6.5 crore.

Mr. Subhash Chandra, chairman, Dish TV India, stated, “Mandatory digitisation sets the stage for cleaning up and consolidation in the television industry at a time when inefficiencies have negligible scope in businesses and in economies. Digitisation enhances subscription opportunities for the DTH industry.

“However, what is more important, is its ability to trigger a much-needed change in the overall ecosystem of the television distribution space, where key metrics like churn and average revenue per user (Arpu) will no longer be susceptible to the ills of analog cable. Dish TV remains well-positioned to leverage this catalyst for growth.”

The subscription income of the company for the three month period zoomed 19.2% to Rs 433.8 crore year on year.

Subscriber acquisition cost was Rs 2,127 from Rs 2,124 in September-December quarter.

Mr. Jawahar Goel, managing director, Dish TV, stated, “Though the potential digital customer is still in a state of inertia, expecting last minute deferments, demand for digital boxes is expected to pick up speed closer to the sunset date. Dish TV is all set for the Phase I opportunity and beyond and endeavours to retain its market share in an expanding digital universe.”