Shashidhar
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Dish TV posts Q1 loss at Rs 30.4 cr, shares hit 3-year low
Moneycontrol Bureau
Dish TV disappointed the street with the higher-than-expected net loss at Rs 30.4 crore in first quarter, sending shares nearly 3-year low.
In a year ago period, the direct-to-home service provider had posted a loss of Rs 32.3 crore while analysts expected it to report loss of Rs 27 crore for the quarter.
Net sales grew (in-line) by 10.9 percent year-on-year to Rs 576.5 crore for April-June quarter.
Earnings before interest, tax, depreciation and amortisation (EBITDA) fell by 21.5 percent Y-o-Y (up 1.4 percent Q-o-Q) to Rs 121.7 crore during the first quarter.
Operating profit margin dropped 880 bps Y-o-Y (down 50 bps sequentially) to 21 percent.
Other income jumped to Rs 27.7 crore in June quarter from Rs 20.5 crore in a year ago period.
Subscription revenue increased 16 percent to Rs 528 crore year-on-year while average revenue per user was Rs 165.
At 13:55 hours IST, the stock was quoting at Rs 54.15, down 5.08 percent after hitting nearly 3-year low of Rs 51.7 on the BSE.
source money control
Moneycontrol Bureau
Dish TV disappointed the street with the higher-than-expected net loss at Rs 30.4 crore in first quarter, sending shares nearly 3-year low.
In a year ago period, the direct-to-home service provider had posted a loss of Rs 32.3 crore while analysts expected it to report loss of Rs 27 crore for the quarter.
Net sales grew (in-line) by 10.9 percent year-on-year to Rs 576.5 crore for April-June quarter.
Earnings before interest, tax, depreciation and amortisation (EBITDA) fell by 21.5 percent Y-o-Y (up 1.4 percent Q-o-Q) to Rs 121.7 crore during the first quarter.
Operating profit margin dropped 880 bps Y-o-Y (down 50 bps sequentially) to 21 percent.
Other income jumped to Rs 27.7 crore in June quarter from Rs 20.5 crore in a year ago period.
Subscription revenue increased 16 percent to Rs 528 crore year-on-year while average revenue per user was Rs 165.
At 13:55 hours IST, the stock was quoting at Rs 54.15, down 5.08 percent after hitting nearly 3-year low of Rs 51.7 on the BSE.
source money control
