Dish TV posts Q2 net loss of Rs 96.37 cr
Direct-to-home operator Dish TV India Ltd has reported a consolidated net loss of Rs 96.37 crore for the quarter ended on September 30, 2019. The Essel Group firm had reported a net profit of Rs 19.73 crore in the July-September quarter a year ago, Dish TV said in a BSE filing.
Revenue from operations dropped to Rs 893.18 crore during the quarter under review from Rs 1,594.29 crore in the corresponding quarter of the previous fiscal.
“With programming cost becoming a pass-through item in the new tariff regime, subscription and operating revenues for the quarter are not comparable with the corresponding period last year,” the company said.
During the quarter, it added 42,000 net subscribers, closing net subscriber base of 23.94 million.Get access to India’s fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code “GETPRO”. Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.