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India’s Dish reports first net profit

Helped by an extra (net) 1.5 million DTH pay-TV subs acquired during the past year, and a total subscriber base of 12.9 million, India’s Dish TV reported 2015 net total income from operations up 10.9 per cent, and EBITDA up 17.5 percent. The broadcaster’s net profit was INR 350 million (5 million). Dish added 404,000 net new subs during its Q4 period.

Dish TV chairman Subhash Chandra, in a statement, said: “The DTH sector is a direct beneficiary of a positive consumer sentiment. Dish TV achieved a strong, sector leading, subscriber growth of 1.5 million net subscribers during the year. Fiscal 2015 also saw Dish TV swing to net profit, a first for any DTH company in India. Through this milestone to the next and thereafter, Dish TV remains committed to outperform the industry growth rate and create shareholder value while continuing to entertain its subscribers with rich content and compelling value added services using updated modes of delivery.”

Dish TV managing director Jawahar Goel added, “During the quarter, we garnered net subscribers that were almost equal to the numbers during the festival quarter of October – December 2014.” Churn was a very manageable 0.7 per cent per month.

Goel added: “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

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