Dish TV

The company continued with its loss saga though the only positive here is that as against a loss of Rs.149 crore in Q4, the loss in Q1FY15 has come down to Rs.16 crore. YoY, it has gone into the red from a net profit of Rs.32 crore in previous Q1. QoQ, growth in sales was flat and YoY, net sales dropped  from Rs.645 crore to Rs.639 crore. YoY, operating costs have risen by sequentially, it has come down, mainly because the company reduced “other expenses”. Interest outgo remains high at Rs.39 crore, up from Rs.33 crore in Q4 and Rs.35 crore in previous Q1. EBITDA margin improved from 22% to 24.5%, which is thanks to the 5% reduction in overall costs.

During the quarter, the company added 332 thousand net subscribers while in Q4, it had added 226 thousand. Total subscriber base of 11.7 million net subscribers at the end of the period. The company took a price hike of 5-7% across the middle and top level packs with effect from the first week of June. ARPU increased to Rs. 170/month in the first quarter with churn also increasing marginally to reach 0.7%/month from 0.6% in Q4.