Dish TV India Limited reported second-quarter fiscal 2022 unaudited consolidated subscription revenues of Rs. 6,445 million and operating revenues of Rs. 7,181 million. EBITDA for the quarter was Rs. 4,270 million. Profit after tax was Rs. 354 million.
The Board of Directors in its meeting held today has approved and taken on record the unaudited consolidated financial results of Dish TV India Limited and its subsidiaries for the quarter ended September 30, 2021.
Staying focused despite distractions, Dish TV India Limited tapered down its debt to Rs. 5,566 million while adding more than 0.6 million subscribers at the gross level. At a net level though, the Company recorded negative additions prioritizing repayment of debt over adding fresh subscribers.
The Company repaid debt of Rs. 697 million during the quarter to arrive at a closing debt of Rs. 5,566 million.
Operating revenues for the quarter were Rs. 7,181 million. EBITDA was Rs. 4,270 million. EBITDA margin was at 59.4%. Profit before tax for the quarter was Rs. 553 million. Net profit for the quarter was Rs.354 million.
Retention and upgradation focused campaigns continued in line with the objective of increasing the lifetime value of subscribers. Further, to increase stickiness, ‘Watcho’- the in-house OTT app of the Company was loaded with freshly curated content. The platform debuted several new web series to further enhance the complimentary bouquet of offerings for Dish TV India subscribers. ‘Watcho’ continued to gain strength as an OTT platform with a strong semi-urban presence in addition to significant tier-1 visibility. The app has recorded total cumulative downloads of 36 million so far.
Anil Dua, Group CEO, Dish TV India Limited, said, “We continue to remain focused in our efforts to drive business performance using tools that enhance the viewing experience of subscribers on both, the traditional as well as the OTT offering. We remain sensitive to changing consumer needs and look forward to new launches and a wider audience base.”