Videocon d2h added 460,000 net subscribers in Q1FY16. The company reported an increase of 23.3% in revenue from operations year on year) for the period that ended 30 June, 2015.
According to the direct-to-home service provider, subscription revenue has reached INR5.99 billion, up 32.2% year on year. Revenue from operations currently stands at INR 6.63 billion. The average revenue per user or ARPU is at INR205. Net loss for the year was at INR244 million.
“We are pleased to declare a strong set of results for the quarter ended June 30, 2015 and are on track to achieve the guidance provided for fiscal 2016. With a strong subscriber growth outlook, DTH sector gaining market share over cable and an improving ARPU scenario; we believe we are just at the beginning of a multi-year strong growth opportunity,’ said Videocon d2h executive chairman Saurabh Dhoot.
Anil Khera, CEO of Videocon d2h said that the third leg of TV digitisation in India- the phase III of Digital Addressable System- will give the company more room to grow. “We believe around 100 mn homes will be up for grabs by digital cable and DTH operators in the next 4-5 years,” he said, according to a press release from the company.
Videocon d2h added over 610,000 gross subscribers this year. Churn was at 0.46% per month.
No comments:
Post a Comment