Dish TV India, the direct-to-home arm of the Essel Group, reported a net profit of INR542 million for the quarter that ended June, 2015. The growth during the period was attributed to HD channels uptake as well as expansion of Dish’s regional offering, Zing.
“Zing contributed around 22 per cent of our total sales and HD channels 20 per cent. Zing is the acquiring new markets for us in DAS Phase 3 & 4 markets. It helped us in increasing in volumes and revenue growth,” Dish TV CEO RC Venkateish told the Press Trust of India.
The company had posted INR150 million loss during the corresponding quarter of last year. Its consolidated operating revenue for the current quarter was at INR7.36 billion, up 19.2% from INR6.18 billion in 2014. Average Revenue per User (ARPU) at Rs. 173 vs. Rs. 172 (in Q4 FY15, reports Exchange4media.
Dish TV added 390,000 net subscribers during the quarter that ended June, 2015. Most of the new subscribers were from digital addressable system or DAS Phase 3 and 4 areas. According to the company, its total subscriber base currently stands at 13.3 million, reports Business Standard.
“The impending DAS Phase 3 & 4 markets have an 80 million household potential, a large part of which is expected to be lapped up by the prominent DTH players in the country,” said Subhash Chandra, Dish TV chairman. “It (Dish TV) has been at the forefront when it comes to gaining incremental subscribers in the highly competitive DTH industry in India.
The DTH service provider recently entered the Sri Lankan TV market.
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