Videocon d2h posts net profit for full fiscal for first time, adds 1.05 mn subs

rahul1117kumar

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Ahead of its merger with Dish TV, Videocon d2h has reported net profit for the full fiscal for the first time. The DTH arm of Videocon Group has also added 1.05 net subscribers in FY17, though at a slower pace than the earlier fiscal due to demonetisation of high-value currency notes in November.

Videocon d2h ended the fiscal with 12.91 million net subscribers compared to Dish TV’s base of 15.3 million. The combined strength of the merged entity would thus be a whopping 28.31 million net subscribers.

Videocon d2h posted net profit of Rs 30.4 crore in FY17 compared to a net loss of Rs 92.2 crore a year ago.

Adjusted EBITDA grew 27.1% to Rs 1,018 crore from Rs 801 crore a year ago. Adjusted EBITDA margin expanded 280 basis points on a like to like basis if the company was to compute its revenue from operations for FY17 under its former accounting treatment. Adjusted EBITDA margin was 33.1% during the year.

Revenue from operations grew 15.5% to Rs 3072 crore in FY17. Subscription and activation revenue came in at Rs 2808 crore.

Videocon d2h posts net profit for full fiscal for first time, adds 1.05 mn subs | TelevisionPost.com
 
When will they merge? :wall
Waiting to see Dish-Vodeocon logo on 2018 Mumbai Indians jersey. :sp :lol
 
Right now they are busy with bankers as they are declared as NPA by many banks. Already 50k crore debt on their head and don't hv money to pay interest of that loan.

 
Yes Videocon Industries have declared NPA becoz of their bad loan...
 
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