Dish TV India Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended of December 31, 2016
January 30, 2017 at 11:20 am
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Dish TV India Limited reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended of December 31, 2016. For the quarter, on a standalone basis, the company reported net sales/income from operations of INR 4,719.7 million compared to INR 6,049.6 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 773.5 million compared to INR 1,104.2 million a year ago. Profit from ordinary activities before tax was INR 675.1 million compared to INR 1,003.9 million a year ago. Net profit for the period was INR 478.6 million compared to INR 1,003.9 million a year ago. Basic and diluted earnings per share before and after extraordinary items was INR 0.45 compared to INR 0.94 a year ago. CapEx for the quarter was around INR 26 billion.
For the nine months, on a standalone basis, the company reported net sales/income from operations of INR 14,983.6 million compared to INR 17,135.1 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 2,696.9 million compared to INR 3,115.7 million a year ago. Profit from ordinary activities before tax was INR 2,357.4 million compared to INR 3,035.1 million a year ago. Net profit for the period was INR 1,566.8 million compared to INR 3,035.1 million a year ago. Basic and diluted earnings per share before and after extraordinary items was INR 0.98 compared to INR 2.85 a year ago. CapEx for the 9 months around was INR 73 billion.
For the quarter, on a consolidated basis, the company reported net sales/income from operations of INR 7,417.4 million compared to INR 7,687.5 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 839.4 million compared to INR 1,191.5 million a year ago. Profit from ordinary activities before tax was INR 429.3 million compared to INR 684.9 million a year ago. Net profit for the period was INR 266.8 million compared to INR 684.9 million a year ago. Basic and diluted earnings per share before and after extraordinary items was INR 0.25 compared to INR 0.64 a year ago. EBITDA was INR 2,495 million compared to INR 2,654 million a year ago. Subscription revenues were INR 6,921 million, up 3.3% year-on-year.
For the nine months, on a consolidated basis, the company reported net sales/income from operations of INR 22,955.9 million compared to INR 22,533.1 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 2,885.3 million compared to INR 3,191.1 million a year ago. Profit from ordinary activities before tax was INR 1,625.0 million compared to INR 2,096.4 million a year ago. Net profit for the period was INR 1,376.2 million compared to INR 2,096.4 million a year ago. Basic and diluted earnings per share before and after extraordinary items was INR 0.86 compared to INR 1.97 a year ago.
Dish TV India Limited is an India-based company, which is engaged in the business of providing direct to home (DTH) and teleport services. The Company extends its services across urban, rural, and semi-urban regions of India through a range of brands, including Dish TV, D2H, Watcho OTT app and Zing Super. These brands offer a range of standard definition/high-definition SD/HD channels and value-added services across various price points. The Company provides more than 700 channels and services, including HD channels. The Company's products and services portfolio includes connected devices, regional content, Watcho OTT, zing super box and value-added services. Its connected devices include Dish SMRT Hub and DTH Stream. The Company provides regional content via Dish TV and D2H. Its Watcho OTT app is a platform that provides original content, live television, and user-generated content. Its Zing Super Box is a 2-in-1 box that combines freemium Pay TV channels with a free-to-air package.