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Tata Sky, a joint venture between Tata Sons and 21st Century Fox, has marginally reduced its net loss for the financial year ended 31 March 2015 while total income grew 23 per cent.
Tata Sky’s annual report shows that its net loss stood at Rs 267.27 crore (Rs 2.67 billion) in FY15 compared to Rs 280.41 crore (Rs 2.80 billion) a year ago. The direct-to-home (DTH) company’s operating profit, however, saw a massive 56.7 per cent jump.
Tata Sky’s profit (before depreciation, finance, tax and prior period items) stood at Rs 926.74 crore (Rs 9.27 billion) compared to Rs 591.28 crore (Rs 5.91 billion) a year ago.
Total income grew to Rs 3,739 crore (Rs 37.39 billion), up from Rs 3040.01 crore (Rs 30.40 billion) in the year-ago period. Revenue break-up Subscription and service revenue jumped 30 per cent to Rs 3,397.6 crore (Rs 33.98 billion).
The activation and installation revenue saw a 21.4 per cent dip to Rs 324.5 crore (Rs 3.24 billion).
In the year-ago period, activation and installation revenue was at Rs 413 crore (Rs 4.13 billion), while subscription and service revenue was at Rs 2,608.8 crore (Rs 26.09 billion).
Total expenses stood at Rs 2,812.30 crore (Rs 28.12 billion), up 14.85 per cent, compared to Rs 2,448.73 crore (Rs 24.49 billion) incurred in FY14.
Subscriber base in FY15 According to Tata Sky, major events such as the FIFA World Cup, IPL and the Lok Sabha elections helped the DTH industry to add 9.4 million new subscribers in FY15.
The DTH company claims leadership in gross additions with 28 per cent market share (2.63 million gross additions).
However, Tata Sky had 9.1 million active subscribers at the end of 31 March 2015, compared to 7.8 million as of FY14.
Tata Sky converted nearly 1.3 million MPEG2 boxes into MPEG4 during the fiscal so as to release additional capacity and offer more channels to its subscribers, the annual report said.
The company claims to have ramped up its distribution reach by increasing the stocking towns to 56,000 and stocking dealers to 205,000 during the fiscal.
Tata Sky also said that a significant portion of new acquisitions in future years would come from the rural segment (potential 70–80 million).
These markets are also expected to be mandatorily digitised (DAS III geographies in Dec 2015 and DAS IV in Dec 2016).
Therefore, in its effort to grab the opportunity, the company invested in creating new distribution channels like ‘SONU’ (i.e. local village technician) and ‘Cable Garh’ (i.e. cluster of households in cable-dominant area).
Read more at:
Tata Sky FY15 net loss at Rs 267.27 cr | TelevisionPost.com
Tata Sky’s annual report shows that its net loss stood at Rs 267.27 crore (Rs 2.67 billion) in FY15 compared to Rs 280.41 crore (Rs 2.80 billion) a year ago. The direct-to-home (DTH) company’s operating profit, however, saw a massive 56.7 per cent jump.
Tata Sky’s profit (before depreciation, finance, tax and prior period items) stood at Rs 926.74 crore (Rs 9.27 billion) compared to Rs 591.28 crore (Rs 5.91 billion) a year ago.
Total income grew to Rs 3,739 crore (Rs 37.39 billion), up from Rs 3040.01 crore (Rs 30.40 billion) in the year-ago period. Revenue break-up Subscription and service revenue jumped 30 per cent to Rs 3,397.6 crore (Rs 33.98 billion).
The activation and installation revenue saw a 21.4 per cent dip to Rs 324.5 crore (Rs 3.24 billion).
In the year-ago period, activation and installation revenue was at Rs 413 crore (Rs 4.13 billion), while subscription and service revenue was at Rs 2,608.8 crore (Rs 26.09 billion).
Total expenses stood at Rs 2,812.30 crore (Rs 28.12 billion), up 14.85 per cent, compared to Rs 2,448.73 crore (Rs 24.49 billion) incurred in FY14.
Subscriber base in FY15 According to Tata Sky, major events such as the FIFA World Cup, IPL and the Lok Sabha elections helped the DTH industry to add 9.4 million new subscribers in FY15.
The DTH company claims leadership in gross additions with 28 per cent market share (2.63 million gross additions).
However, Tata Sky had 9.1 million active subscribers at the end of 31 March 2015, compared to 7.8 million as of FY14.
Tata Sky converted nearly 1.3 million MPEG2 boxes into MPEG4 during the fiscal so as to release additional capacity and offer more channels to its subscribers, the annual report said.
The company claims to have ramped up its distribution reach by increasing the stocking towns to 56,000 and stocking dealers to 205,000 during the fiscal.
Tata Sky also said that a significant portion of new acquisitions in future years would come from the rural segment (potential 70–80 million).
These markets are also expected to be mandatorily digitised (DAS III geographies in Dec 2015 and DAS IV in Dec 2016).
Therefore, in its effort to grab the opportunity, the company invested in creating new distribution channels like ‘SONU’ (i.e. local village technician) and ‘Cable Garh’ (i.e. cluster of households in cable-dominant area).
Read more at:
Tata Sky FY15 net loss at Rs 267.27 cr | TelevisionPost.com
