Direct-to-Home (DTH) operator Dish TV India Limited on Friday declared the consolidated financial results for the quarter ending December 31, 2020, registering a net profit of Rs 864 million. The company’s consolidated subscription revenues stood at Rs 7,449 million with the operating revenues at Rs 8,157 million.
Dish TV’s EBIDTA for the quarter stood at Rs 5,039 million whereas the EBIDTA margin was at 61.8 percent, up 350 bps Y-o-Y basis. The profit after tax rose from a loss of Rs 668 million last year as against Rs 864 million in Q3 FY 21.
“The effect of the pandemic is carrying on. While some uptick was expected during the festival period, it was offset by a muted consumer sentiment. Our focus on the cost front and on driving operational efficiencies however continued unabated thus leading to higher operating margins and a better net profitability. We continued to re-configure our range of offerings to make them fit the contours of a changing ecosystem as well as the evolving needs of the traditional television users. Watcho – our home grown OTT platform and our recently launched Android set-top-boxes are well positioned to meet that requirement. Watcho is now close to the 14 million members mark and is poised to grow at a fair pace.”
Anil Dua, Group CEO, Dish TV India Limited
Dish TV during the current quarter introduced the ‘Scan to Help’ feature for its Dish TV subscribers on its My DishTV app that has been conceptualized by the first runner-up team of Dish-a-thon 2020 which happens to be an in-house team – Team DishTV.
Separately, the company has approved the divestment of the company’s entire equity investment in Dish TV Lanka.
