FY-16: Dish TV adds 15 lakh subscribers, subscription revenue Rs 2,827 crore

Thakur

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This is the second consecutive year that direct to home (DTH) company Dish TV India Limited (Dish TV) has reported growth across important financial and operational parameters including operating revenues (TIO), profit after tax (PAT) and subscription numbers. Last fiscal and quarter (year and quarter ended 31 March, 2015, FY-15 and Q4-15), Essel Group’s DTH operator Dish TV Limited turned the corner with a consolidated profit after tax (PAT) of Rs 3.14 crore and Rs 34.94 crore (margin 4.8 per cent) respectively. The company has followed this up with improved numbers for the subsequent two quarters of FY-16, and rendered a fait accompli of sorts in the final quarter with the largest ever subscription numbers add in a quarter in Q4-16, as if to reiterate – Profits are here to stay!.

Dish TV says that so far it is the only company in the Indian DTH sector to have achieved net profitability.

Dish TV reported subscription revenue of Rs 2,827.5 crore in the fiscal ended 31 March 2016 (FY-16, current year). Operating revenue in the current year increased to Rs 3,059.9 crore from Rs 2,687.9 crore in the previous year.

Dish TV reported PAT of Rs. 692.4 crore in FY-16, including deferred tax expense of Rs. 436 crore.

During FY-16, Dish TV says that it has achieved the full year guidance of 15 lakh subscribers. In Q4-16 (quarter ended 31 March 2016, current quarter) Dish TV added 5.08 lakh subscribers. The company also reported higher Rs 174 in Q4-16 as compared to Rs 172 in Q3-16.

Note: The unit of currency in this report is the Indian rupee - Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

(a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.

(b) 10,000 lakh = 100 crore = 1 arab = 1 billion.



http://www.indiantelevision.com/dth/dth-operator/fy-16-dish-tv-adds-15-lakh-subscribers-subscription-revenue-rs-2827-crore-160523
 

Rushil

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JitendraKumar said:
so now we can expect some good SD and HD channels.
For me this article just show dish tv only want profits :u
 

JitendraKumar

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Commenting on the company's Q4 results,
Jawahar Goel, Chairman & Managing Director of
Dish TV said that healthy subscriber additions
and a higher average revenue per user (ARPU)
improved the subscription revenue during the
quarter.
The results for Q4 March 2016 are not
comparable with corresponding previous period
as the company has entered into the business
transfer agreement with its wholly owned
subsidiary Dish Infra Services for transfer of its
non-core business on slump sale basis with
effect from 1 April 2015. Such non-core business
has been considered as discontinuing operations
in accordance with the requirement of the
Accounting Standard - 24 'Discontinuing
Operations' (AS-24) specified under section 133
of the Act read with Rule 7 of the Companies
(Accounts) Rules 2014 as amended.
As per the valuation report obtained from
independent valuers, the enterprise value of non-
core business was valued at Rs 1659.61 crore
and the company has received cash
consideration from Dish Infra Services, which is
arrived after adjusting closing net debt and
difference between closing working capital and
base working capital on the transfer date. The
surplus arising on slump sale of non-core
business is Rs 3.56 crore as included in the
standalone financial results.
The results for Q4 March 2016 and the financial
year ended 31 March 2016 (FY 2016) are not
comparable with their corresponding previous
periods due to the impact of increase in service
tax to 14.5%, from 12.36%, with effect from
August 2015.
Dish TV is Asia Pacific's largest direct-to-home
(DTH) company and part of one of India's
biggest media conglomerate - the Zee Group.
 

Rushil

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JitendraKumar said:
bhai jab paisa hath me hoga tabhi to add karenge ...
Bhai profit ke liya invest karna accha nahi hota :shy
 

Rushil

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JitendraKumar said:
to kiske liye achha hota hai
Channels add karne ke liye invest mat karo :p

Inshot don't add channels :shy
 
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