Dish TV India reports 41% yoy decline in Q2 PAT at Rs354 million

Dish TV India Limited on Saturday reported second-quarter fiscal 2022 unaudited consolidated subscription revenues of Rs6,445 million, a decline of Rs15.8% yoy from Rs7,657 million in Q2FY21. Operating revenues of Rs7,181 million, 15.1% lower against Rs8,464 million in Q2FY21.

EBITDA for the quarter was Rs4,270 million, a decline of 18.7% yoy from 5,253 million in Q2Y21. Profit after tax was Rs354 million in Q2FY22, a decline of 45.1% yoy from Rs645 million in Q2FY21.

The Board of Directors of the company has approved and taken on record the unaudited consolidated financial results of Dish TV India Limited and its subsidiaries for the quarter ended September 30, 2021.

Dish TV India Ltd ended at Rs17 per piece up by Rs0.1 or 0.59% from its previous closing of Rs16.90 per piece on the BSE.

“It was business as usual at India’s leading DTH Company despite some chaotic developments on the corporate front towards the end of the quarter. Staying focused despite distractions, Dish TV India Limited tapered down its debt to Rs5,566 million while adding more than 0.6 million subscribers at the gross level. At a net level though, the company recorded negative additions prioritizing repayment of debt over adding fresh subscribers.

The Company repaid debt of Rs697 million during the quarter to arrive at a closing debt of Rs5,566 million,” company said in a filing. India Infoline