Dish TV pic distorts

Dish TV reported a stressed performance for Q4FY21 with its consolidated net loss for the period coming in at Rs.1415 crore v/s loss of Rs.1456 crore (QoQ), on a revenue of Rs.752 crore, down 13%.

EBITDA was down 15% at Rs.426 crore while margins came in lower at 56.7% v/s 61.8%.

The company paid upwards of Rs. 213 crore towards debt during the quarter thus reducing its overall leverage to Rs. 810 crore at the end of fiscal 2021 v/s Rs.182 crore (YoY).

Post this performance, the stock is in the red. The stock, which had closed yesterday at Rs.13.91, went down today to an intraday low of Rs.12.88. Volumes were up over 1.5 times.