Dish TV Q4 profit seen up 129%, subscriber additions may support

JitendraKumar

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Direct to home television operator Dish TV's
fourth quarter consolidated profit is likely to
increase 129 percent to Rs 80 crore and
revenue is seen rising 5.7 percent to Rs 797.4
crore compared to year-ago period, according
to average of estimates of analysts polled by
CNBC-TV18.

Operating profit may increase 24 percent to Rs
275.3 crore and margin may expand 510 basis
points to 34.5 percent compared to
corresponding period of last fiscal.


Margin growth may be due to higher operating
leverage & stable content costs. The company
hiked prices by 3-7 percent across products.
Average revenue per user is expected to be flat
at Rs 172 on sequential basis due to low cost
offerings (Dish 99 & Zing), lower number of
days in the quarter.


Net subscriber additions may be at 4.6 lakh for
the quarter as the company, in Q3, had
maintained guidance for 1.5 million subscriber
addition in FY16.


Dish TV Q4 profit seen up 129 subscriber additions may support
 

Rom1moR

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Dish TV has remained the only company in the Indian DTH sector to have achieved net profitability for second consecutive year...

MUMBAI: Direct-to-home (DTH) player Dish TV has added 0.51 million net subscribers in the fourth quarter of FY2015-15, taking its overall net subscriber base to 14.5 million. The company claims that it has achieved its fiscal target of 1.5 million net additions. For the quarter ended 31 March, 2015, the company has posted a consolidated net profit of Rs 482.8 crore due to a tax reversal of Rs 436 crore in the quarter. Dish TV's operating profit (EBITDA) during the quarter was at Rs 260.8 crore, while subscription revenue stood at Rs 741 crore, up 12.6 per cent compared to corresponding quarter of the previous fiscal. The DTH operator also saw its average revenue per user (ARPU) increase by Rs 2 to Rs 174 in Q4 FY16, mainly on the back of a price hike across most of its packs in North and South India by around 4-8% effective March 22, 2016. However, the company said that both Dish TV and the DTH sector in total have been reeling under the pressure of an ever increasing service tax that they are still not able to pass on to the subscriber. "As enforcement of Goods and Services Tax (GST) regime gets delayed, multiple taxes like Service Tax and Entertainment Tax will continue to be levied on the DTH sector. Multiplicity of taxes makes it almost impossible to charge them to the subscribers. As a result, price hikes that should have otherwise gone towards increasing the abysmally low ARPUs in the industry are now needed to maintain status quo in an adverse tax environment," said Jawahar Goel, CMD of Dish TV. Dish TV has also remained the only company in the Indian DTH sector to have achieved net profitability for second consecutive year. It has posted a net profit of Rs 692.42 crore (including a tax reversal of Rs 402.9 crore), compared to a small net profit of Rs 3.14 crore in FY15. ...
http://news.usa.extra.hu/latest/dish-tv-adds-051-million-net-subscriber-in-q4-fy16
 
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