BackDish TV posts net loss of ₹44.88 crore
Total income of Dish TV rose 13.13% to `557.82 crore.
PremiumDish TV achieved the “largest share of 28% amongst DTH platforms” in the digitisation territories, Jawahar Goel, MD of the firm said. Photo: HT
(HT )
Mumbai: Direct-to-home (DTH) company Dish TV India Ltd posted a net loss of 44.88 crore for the quarter ended December compared with a net loss of 42.96 crore in the year earlier.
Total income rose 13.13% to 557.82 crore.
“Although lack of execution in Chennai and Kolkata was a dampener, festival demand coupled with mandatory conversion in Delhi and Mumbai brought the DTH industry back to the one million plus monthly run rate. DTH garnered around 35% share of incremental additions post the sunset date," said Jawahar Goel, managing director.
Dish TV achieved the “largest share of 28% amongst DTH platforms" in the digitisation territories, according to Goel.
In the first phase of digitisation, the government mandated the shift from analog to digital television signals in Mumbai, Delhi, Kolkata and Chennai by the end of October 2012, which was implemented during the quarter barring in Chennai.
Dish TV stock ended at 73.7 on the BSE, down 4.96%. The Sensex fell 0.60% to close at 19,981 points on Tuesday.
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!
