Dish TV reports Rs 4,943 revenues in Q3

23 Jan,2013

By A Correspondent

 

Dish TV India Limited has reported third quarter fiscal 2013 unaudited standalone operating revenues of Rs 5,578 million, recording 13.1 percent growth over the corresponding period last fiscal. EBITDA of Rs1,377 million registered 4.8 percent increase over the corresponding quarter last fiscal. EBITDA margin for the quarter stood at 24.7 percent.

 

Highlights

  • Dish TV added 829 thousand new subscribers in the quarter ended December 31, 2012 achieving a total of 14.7 million gross and 10.5 million net subscribers at the end of the period.
  • Total standalone operating revenues for the quarter stood at Rs 5,578 million, recording a growth of 13.1 percent as compared to the corresponding period last fiscal.
  • Subscription revenues for the quarter were Rs 4,943 million, recording a growth of 16.2 percent as compared to the corresponding period last fiscal.
  • Subscriber Acquisition Cost (SAC) at Rs 2,201 compared to Rs 2,273 in the immediately preceding quarter.

 

Subhash Chandra

Subhash Chandra, Chairman, Dish TV India Limited, said, “The Indian media industry is witnessing a sea change as it moves towards a fully digitized environment. With the government remaining committed to the cause, stakeholders across the value chain are working overtime to make the best of the opportunity. As digitization sweeps the pay-tv households in India, platforms with evolved business systems and processes having last mile reach are likely to have an upper edge. Amongst DTH platforms, Dish TV with its technological lead and superior product line-up is one of the best placed to capitalize on the digitization mandate,” he added.

 

Jawahar Goel, Managing Director, Dish TV, said, “While the distribution industry remained on tenterhooks preparing for digitization, the third quarter saw the much debated compulsory switch off of analog television signals take place in key metro markets. Although lack of execution in Chennai and Kolkata was a dampener, festival demand coupled with mandatory conversion in Delhi and Mumbai brought the DTH industry back to the 1 million plus monthly run-rate. DTH garnered around 35 percent share of incremental additions post the sunset date.”

 

He added, “In line with our expectation, we witnessed significant subscriber uptake around the sunset date of 31st October. Dish TV achieved the largest share of 28 percent amongst DTH platforms in the digitization territories. ‘Dish+’, India’s first standard definition recorder, played its part in differentiating and attracting consumer interest in a crowded market.”

 

Commenting on the third quarter performance, Mr Goel said, “A larger base did create pressure on the average revenue per user which, primarily supported by price hike in the second quarter, increased marginally to Rs 160. In the third quarter, apart from the usual additional spends typically experienced due to the festive season, additionally this year the company’s investments to capitalize on the digitization opportunity are also reflected in higher costs during the quarter. A seasonally higher marketing expense was as per budget. Content cost for the year is expected to be within the guided range of 12 percent increase over the previous fiscal.”

 

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