Dish TV Q4 net loss at Rs79 crore

Dish TV Q4 net loss at Rs79 crore
PTI
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First Published: Thu, Jun 18 2009. 03 32 PM IST
Updated: Thu, Jun 18 2009. 03 32 PM IST
New Delhi: Driven by huge subscriber addition, Subhas Chandra-promoted DTH company Dish TV has reduced its net loss to Rs78.66 crore for the fourth quarter ended 31 March 2009, from Rs115.06 crore in the same period last year.
Total income jumped by 51.98% to Rs207.13 crore in the fourth quarter of 2008-09, Dish TV said in a filing to the Bombay Stock Exchange today. The company had a total income of Rs136.29 crore in Q4 2007-08.
The highlight of the results are the company becoming EBITDA positive (or profitable) at the operational level in the fourth quarter, the DTH firm said in a separate statement.
“We aim to be cash positive by the third quarter of the current fiscal,” it said.
For the year 2008-09, the company posted a consolidated net loss of Rs440.69 crore. It had reported a net loss of Rs414.12 crore in 2007-08.
Dish TV’s total income during 2008-09 rose to Rs738.10 crore, a jump of 78.93% from Rs412.51 crore reported during the previous fiscal.
The company has a subscriber base of 53.8 lakh users and it plans to add another 25 lakh subscribers during this fiscal, it added.
“The overall pay gross DTH market share of Dish TV stands at 42% ...,” the company said.
The company said it has added 20.6 lakh new subscribers during fiscal year 2009, a growth of 98% from the 10.4 lakh additions made during the previous fiscal.
Dish TV offers 240 channels and services and more than 50 packages at various price points.
Dish TV chairman Subhash Chandra said, “DTH satellite services being the key area of competence of Dish TV ensures that the company will continue to be the industry leader and drive category expansion through innovative strategies and exemplary execution of these strategies.”
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First Published: Thu, Jun 18 2009. 03 32 PM IST