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Direct-to-Home (DTH) service provider Dish TV has narrowed its standalone net loss to Rs 30.37 crore for the quarter ended June 30 compared with Rs 32.32 crore in the corresponding quarter last year.
The company’s standalone total income grew by 11.2 per cent to Rs 578.38 crore in the April-June quarter compared with Rs 519.96 crore in the corresponding period last year.
Jawahar Goel, Managing Director, Dish TV, said, “In line with our expectations, pack price hikes and improved subscriber quality in the recent months resulted in a strengthened average revenue per user, which for the quarter increased 5.1 per cent to Rs 165 resulting in a 15.9 per cent year-on-year increase in subscription revenues.”
He added that higher investment in marketing and brand building along with the impact of a weak rupee on dollar denominated costs resulted in sequentially flat EBIDTA margin.
Talking about measures being taken to manage the impact of currency fluctuations, Goel said, “We are evaluating possibilities for improvement in hardware economics of Consumer Premise Equipment sourced from India, given a depreciating rupee. We have also been considering options with our overseas suppliers to commence production at a base in India.”
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