Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
DTH News : Videocon d2h Q1 net subscriber adds slow, ARPU almost flat QoQ
MUMBAI: Videocon d2h, the direct-to-home (DTH) arm of Videocon group, has reported a fiscal first quarter net profit of Rs 1.2 crore while net subscriber additions and ARPU have remained almost flat in a quarter which was possibly impacted in the run-up to the implementation of Goods and Services Tax (GST).

Net subscribers

Videocon d2h added 0.13 million net subscribers in the quarter ended 30 June 2017 compared to 0.14 million a quarter ago. Subscriber adds in the year-ago period was higher at 0.43 million.

The DTH company’s net subscribers stood at 13.04 million, up from 12.91 million in the first quarter of FY17.

Table – Page 6 – Net subscriber base (below)

Rival Airtel Digital TV mopped up higher new subscribers in the fiscal first quarter. The DTH arm of Bharti Airtel added almost half a million new subscribers in the quarter ended 30 June 2017. With 499,000 net subscribers added, Airtel Digital TV’s total base expanded to 13.314 million customers.


Adjusted EBITDA expanded to Rs 248.5 crore, up from Rs 236.4 crore a quarter ago and down from Rs 251.9 crore a year ago.

Adjusted EBITDA margin was 32.2% compared to 31.3% in the preceding quarter and 33% a year ago.

In the preceding quarter, the company had reported a net loss of Rs 8.7 crore. However, in Q1 of FY17, net profit was at Rs 2.7 crore.


Videocon d2h’s revenue from operations at Rs 772.6 crore was marginally up from Rs 754.9 crore in the preceding quarter. In the first quarter of FY17, revenue from operations was Rs 763.3 crore.

Subscription and activation revenue was Rs 709.1 crore, up from Rs 688.6 crore in Q4 of FY17 and Rs 697 crore in Q1 of FY17.


Average revenue per user (ARPU) rose marginally to Rs 198 in the quarter under review from Rs 196 in the preceding quarter. In the earlier-year quarter, ARPU was higher at Rs 211.

For Airtel Digital TV, ARPU was Rs 228 in the quarter ended 30 June 2017. It was flat quarter-on-quarter (QoQ) and down 2.1% on a year-on-year (YOY) basis. ARPU for the quarter ended 30 June 2016 was Rs 233.

Content cost

Content cost was 42% of revenue compared to 42.5% in the trailing quarter and 38.7% a year ago.


Churn per month rose to 1.27% compared to 0.87% in the preceding quarter and 0.49% a year ago.

For Airtel Digital TV, monthly churn stabilised at 0.9% in the quarter ended 30 June 2017 compared to 1.2% a quarter ago. For the quarter ended 30 June 2016, churn was at 0.8%.

Subscriber acquisition cost

For Videocon d2h, subscriber acquisition cost in the form of hardware subsidies was Rs 1,865 per subscriber during the first quarter of FY18.


The company had term loans of Rs 1,967 crore and total cash and short-term investments of Rs 435 crore, as of 30 June 2017.

Videocon d2h is in the process of merging with Dish TV and the management has been working on an integration plan for the past few weeks. The merged entity will be named Dish TV Videocon.

Said Videocon d2h executive chairman Saurabh Dhoot, “The National Company Law Tribunal (NCLT) has approved the scheme of amalgamation with Dish TV India. We are awaiting the certified copy of the order. The appointed date for the scheme is 1 October, from which date the businesses of Videocon d2h and Dish TV India will be amalgamated.”

The next stage is to seek approval from the Ministry of Information & Broadcasting (MIB). The order of the NCLT will also be filed with the Registrar of Companies (RoC).

“The merged entity plans to adopt and implement the best practices of both companies. We believe this merger provides exciting opportunities through the customer service model, convergence of technologies, expanded breadth of content offerings including expansion of exclusive content, advertising income growth potential as well as synergies from a combined subscriber base of more than 28 million. The merged entity would be one of the largest pay TV platforms in the world in terms of subscriber base, according to the company estimates. I am very excited for this new journey of a business that commands strong business fundamentals and growth opportunities supported by our strong balance sheet and growing free cash flows,” Dhoot added.

Airtel Digital HD Recorder / Kerala Vision Digital TV
Thanks given by:

Possibly Related Threads...
Thread Author Replies Views Last Post
  DTH News: Essel, Videocon DTH merger in legal dispute over pledged shares Sathish 0 839 12-18-2018, 09:23 PM
Last Post: Sathish
  DTH News: DTH subscriber growth slow in first half of 2018 nairrk 0 826 10-05-2018, 09:38 AM
Last Post: nairrk
  DTH News: Dish TV Q1 subscription rev up 8.1% as subscriber addition picks up pace nairrk 0 947 07-10-2018, 07:08 AM
Last Post: nairrk
  DTH News: Videocon d2h adds comedy VAS service from Shemaroo nairrk 0 903 04-30-2018, 12:40 PM
Last Post: nairrk
  DTH News: Dish TV India launches Tamil movie service ‘Thirai Ulagam’ on Videocon d2h platform nairrk 0 918 04-26-2018, 07:23 PM
Last Post: nairrk
  DTH News: Oct-Dec quarter sees highest pay TV DTH subscriber growth in 2017 nairrk 0 998 03-29-2018, 12:17 PM
Last Post: nairrk
  Update: Dish TV, Videocon d2h plan to complete merger deal by 22 March nairrk 1 1,364 03-22-2018, 02:51 PM
Last Post: nairrk
  DTH News: Videocon d2h selects ALi Corp for its next-gen HD STBs nairrk 0 837 03-14-2018, 07:29 AM
Last Post: nairrk
  General News: Dish TV-Videocon d2h merger deal back on track nairrk 1 1,315 02-12-2018, 03:57 PM
Last Post: tina10
  DTH News: Videocon d2h launches astrology based interactive service nairrk 0 895 01-08-2018, 06:42 PM
Last Post: nairrk

Forum Jump:

Users browsing this thread: 1 Guest(s)