Dish TV India adds 332,000 subs in Q1
July 22, 2014
Dish TV India added 332,000 net subscribers during the quarter ended June 30th 2014, giving a total subscriber base of 11.7 million net subscribers at the end of the period.
Asia Pacific’s largest DTH broadcaster reported first quarter fiscal 2015 standalone subscription revenues and total operating revenues of Rs. 5,886 million and Rs. 6,407 million respectively. EBITDA for the quarter was Rs. 1,571 million while Net Loss recorded was Rs. 160 million.
Subhash Chandra, Chairman, Dish TV India Limited, said, “Sound of the economic growth engine chugging is music for the media and entertainment industry. With consumer confidence gaining traction, efforts towards attaining an environment of moderate inflation will go a long way in boosting consumption demand further. In fact, a new sense of buoyancy thrives already and consumer centric businesses can be potential game-changers in the years ahead.”
“Going by the first quarter run-rate, the Indian DTH industry seems to have set ground for a 25 per cent growth in subscriber additions this year. Factoring in the opportunities ahead Dish TV is optimistic about outgrowing the industry growth rate. The company delivered in line with
expectations during the first quarter and reclaimed its position as the fastest growing DTH player in the country,” he added.