Connect with us

Daily News

Dish TV India Ltd Announces Q4, FY2020 Results

The Board of Directors of Dish TV India Limited (BSE: 532839, NSE: DISHTV, LSE: DTVL) in its meeting held today, has approved and taken on record the audited consolidated financial results of the company and its subsidiaries for the quarter and year ended March 31, 2020.

4Q FY20 Highlights

– Operating revenues of Rs. 8,691 million
– Subscription revenues of Rs. 7,766 million
– EBITDA of Rs. 5,432 million
– Highest ever EBITDA margin of 62.5%

FY20 Highlights

– Operating revenues of Rs. 35,563 million
– EBITDA of Rs. 21,060 million
– EBITDA margin at 59.2%

The company has reported fourth quarter fiscal 2020 audited consolidated subscription revenues of Rs. 7,766 million and operating revenues of Rs. 8,691 million. EBITDA for the quarter stood at Rs. 5,432 million, up 30.9% Y-o-Y. EBITDA margin was at an all-time high of 62.5%.

With programming cost becoming a pass-through item in the new tariff regime, subscription and operating revenues for the quarter and fiscal are not comparable with the corresponding period last year.

Mr. Anil Dua, Group CEO, Dish TV India Limited, said, “Though our revenues were positively impacted by the higher number of win backs and recharges during the initial days of the lockdown, we could not be complacent during such trying times and went all out to scan every cost-centre for greater operational efficiencies. Our all-time high EBITDA and EBITDA margin recorded during the quarter was a result of operational resilience demonstrated by the business.”

Operating revenues for the quarter were Rs. 8,691 million. EBITDA at Rs. 5,432 million was the highest during the fiscal and was up by 7.4% Q-o-Q and 30.9% Y-o-Y. EBITDA margin at 62.5% was at an alltime high.

The Goodwill acquired pursuant to merger of the Company with erstwhile Videocon d2H Limited is periodically tested for impairment to ensure that it is carried at no more than its recoverable amount. Impairment testing of goodwill allocated to the d2h cash generating unit (CGU) was performed at the balance sheet date and an impairment loss amounting to Rs. 19,155 million was recognised in respect of d2h CGU.

Profit before exceptional items and tax for FY20 was Rs. 1,281 million as against Rs. 268 million in FY19.

Dish TV India Limited paid balance of the overdue loan amount of Rs. 2,500 million during the quarter. The Company paid Rs. 4,459 million in total during the quarter thus reducing its overall debt to Rs. 18,175 million at the end of fiscal 2020 as compared to Rs. 27,695 million at the close of fiscal 2019.

Mr. Jawahar Goel, CMD, Dish TV India Limited, said, “Brands like Dish TV and d2h which have a strong rural connect could hope to get new connections and re-activations as value conscious subscribers reach hinterlands where, unlike cities, cable television may not be an option.”

“The other scenario could be that we may have to fight for subscriber share with free-to- air platforms. Another challenge could be in the form of rural unemployment where the consumer is unable to spend on entertainment even if he wants to. We expect rural recovery to be a tailwind in either scenario,” added Mr. Goel.

Shares of DISH TV INDIA LTD. was last trading in BSE at Rs.7.68 as compared to the previous close of Rs. 7.66. The total number of shares traded during the day was 638381 in over 6378 trades

The stock hit an intraday high of Rs. 7.79 and intraday low of 7.6. The net turnover during the day was Rs. 4910010. Equity Bulls

Click to comment

You must be logged in to post a comment Login

Leave a Reply

Copyright © 2023.Broadcast and Cablesat

error: Content is protected !!