Dish TV reported its results for the quarter ended September 30, 2017. The company's total sales for Q2FY18 came in at Rs. 748.6 crore. This represents a 1.3 percent sequential increase and 3.9 percentYoY decline.
Operating profit (EBIT) for the recently concluded quarter amounted to Rs. 26.2 crore and the EBIT margin stood at 3.5 percent. It reported a net loss of Rs. 17.9 crorevs net loss of Rs. 14 crore in its previous quarter.
During the quarter 188,000 net subscribers were added, leading to a net subscriber base of 15.9 million. Subscription revenues recorded 1.9 percent growth sequentially to reach Rs. 705 crore. Average revenues per user (ARPU) strengthened to Rs. 149, while churn rate recovered to close at slightly less than 0.8 percent per month.
As India progresses on the path of digitization, large digital service providers like Dish TV see a significant role to be played by them in the process. Further, government initiatives like Housing for All and electrification of rural areas will help create green-field demand for digital services like DTH.
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 1,946 distributors and over 291,200 dealers that span across 9,402 towns in the country.
On Wednesday, the stock opened at Rs. 79.15 per share and touched an intra-day high and low of Rs. 83.10 and Rs. 78.30, respectively, on the BSE. - DSIJ