Dish TV makes first profit at Rs 35 cr in Q4
New Delhi: DTH service provider Dish TV India Ltd today reported standalone net profit of Rs 35.01 crore for the fourth quarter ended March 31, 2015, coming into the black for the first time in 11 years of existence.
The company had posted net loss of Rs 149.05 crore for the January-March period of the previous fiscal, 2013-14, Dish TV said in a filing to the BSE.
Dish TV net income from operation on standalone basis during the quarter under review was Rs 752.49 crore, up 18.53 per cent, as against Rs 634.85 crore in the year-ago period.
Dish TV COO Salil Kapoor told PTI: “This is a turning point for us. We have been improving quarter after quarter. We have been focusing on increasing the average revenue per user (ARPU)…”
During 2014-15 fiscal, Dish TV reported a consolidated net profit of Rs 3.14 crore as against a net loss of Rs 157.61 crore in the year-ago period.
Dish TV’s net sales/income from operation during fiscal 2014-15 was Rs 2,773.20 crore, up 10.97 per cent, compared with Rs 2,499.04 crore a year ago.
“ARPU has increased now to Rs 174 this fiscal. Moreover, we have added 1.5 millions of new subscribers and the profitability has increased due to measures as price increase and differential pricing. This gave a boost of 11 per cent in our operating revenue,” Kapoor said.
Dish TV has introduced differential pricing after successful absorption of higher pack prices in Delhi, Mumbai, Pune and Kolkata. It has now extended it to 38 cities covered under digitisation, he added.
On the future outlook, Kapoor said: “From here onwards, we would keep on increasing.”
Dish TV Managing Director Jawahar Goel said: “Fiscal 2015 was a satisfying year. Our single-minded devotion to being the leader in the DTH industry along with uncompromised financial discipline, enabled us to reach the net profitability milestone much ahead of our peers”.
Dish TV stock was trading at Rs 92.80, up 9.43 per cent, on the BSE.