Dish TV

Dish TV hit a new high yesterday after the company posted the much-awaited-for-years, turnaround for Q4Fy15. Posting a net profit of Rs.35 crore for the first time in 11 years or since the time it came into existence, the quarter was a turnaround from loss of Rs.149 crore in Q4FY14. The company’s net income for the quarter rose 18% at Rs.752 crore.

During the quarter, EBITDA was up 72% (YoY) at Rs.222 crore and this excellent performance was on the back of growing subscriber base. Margins, on the back of judicial cost control, expanded 910 bps at 29.4%. Average revenue per user (ARPU) rose to Rs.179 v/s Rs.177 (QoQ), boosting revenue by 11%. Subscription revenue was up 24% (YoY) at Rs.683 crore. It added 1.5 million net subscribers during the year.

The company is expected to continue with this good performance on the back of higher pack prices, better offtake of HD, ARPU expansion. The company ended FY15 with a 11% rise in consolidated revenue at Rs.2782 crore with a net profit of Rs.3 crore v/s net loss of Rs.158 crore in FY14. Operating profit was up 17% at Rs.733 crore.