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Breaking News : FY-16: Dish TV adds 15 lakh subscribers, subscription revenue Rs 2,827 crore
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BENGALURU: This is the second consecutive year that direct to home (DTH) company Dish TV India Limited (Dish TV) has reported growth across important financial and operational parameters including operating revenues (TIO), profit after tax (PAT) and subscription numbers. Last fiscal and quarter (year and quarter ended 31 March, 2015, FY-15 and Q4-15), Essel Group’s DTH operator Dish TV Limited turned the corner with a consolidated profit after tax (PAT) of Rs 3.14 crore and Rs 34.94 crore (margin 4.8 per cent) respectively. The company has followed this up with improved numbers for the subsequent two quarters of FY-16, and rendered a fait accompli of sorts in the final quarter with the largest ever subscription numbers add in a quarter in Q4-16, as if to reiterate – Profits are here to stay!.
Dish TV reported subscription revenue of Rs 2,827.5 crore in the fiscal ended 31 March 2016 (FY-16, current year). Operating revenue in the current year increased to Rs 3,059.9 crore from Rs 2,687.9 crore in the previous year.
Dish TV reported PAT of Rs. 692.4 crore in FY-16, including deferred tax expense of Rs. 436 crore.
During FY-16, Dish TV says that it has achieved the full year guidance of 15 lakh subscribers. In Q4-16 (quarter ended 31 March 2016, current quarter) Dish TV added 5.08 lakh subscribers. ARPU in FY-16 increased Rs 6 to Rs 174 from Rs 168 in the previous year. The company also reported higher ARPR of Rs 174 in Q4-16 as compared to Rs 172 in Q3-16.
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