ITV

Tag: Anil Khera

  • Videocon d2h to launch Wi-Fi enabled smart HD STBs

    Videocon d2h to launch Wi-Fi enabled smart HD STBs

    MUMBAI: Direct to home (DTH) platform Videocon d2h is planning to launch HD Smart set-top-box (connected set top box), which converts existing LED TVs into a Smart TV besides showing more than 500 channels & services in High Definition (HD) and Standard Definition (SD).

    While the DTH tech in it brings television channels in SD and HD, the connected STB allows one to browse content from Twitter, Facebook, Daily Motion, video on demand sites, OTT apps, news, weather etc through applications residing on the STB. 

    The HD Smart STB will work as a tool for personalisation, engagement and new customer experiences and with internet connectivity, one can convert one’s TV into a smart TV using it. 

    With this new launch, Videocon d2h has taken a step towards providing an advanced product that delivers next generation solutions as part of the idea of Internet of Things (IoT). The feature of unlimited external recording is also available, by plugging in an external storage device for recording programs.

    The HD Smart STB can be connected to the home network of mobile internet, wifi or cable broadband connection to enable data streaming. 

    Through the Daily Motion app, one can watch the latest videos trending. Additionally, users can also connect with their social media page to tweet and post updates.

    Videocon d2h executive chairman Saurabh Dhoot said, “We are proud to announce the launch of this breakthrough technology in the DTH space. This launch of gen-next HD Smart Set Top Box demonstrates our unrivalled expertise and innovation in creation, delivery and execution of technologically advanced products. This product promises to make your existing TV into a smart TV and ensure connectivity with the world. We are enabling convergence of TV, DTH & internet all in one place.”

    Videocon d2h CEO Anil Khera added, “We aim to empower people with our connected set top boxes. Our HD Smart Set Top Box offers exceptional features like internet based apps, USB recording, HD quality viewing and reverse path which enable customers to create a unique viewing experience and also stay connected. The customer benefits from an enriched viewing experience through a new user interface allowing seamless navigation.”

  • Q3-2016: Videocon d2h YoY revenue up 22% on subscriber additions, higher ARPU

    Q3-2016: Videocon d2h YoY revenue up 22% on subscriber additions, higher ARPU

    BENGALURU: Videocon d2h Limited reported 14.8 per cent YoY increase in net subscriber additions and 8.2 per cent YoY growth in ARPU for the quarter ended 31 December, 2015 (Q3-2016, current quarter). The company’s revenue from operations (TIO) increased 21.6 per cent YoY to Rs 731.49 crore in Q3-2016 as compared to Rs 601.53 crore. Subscriber addition brings in higher activation revenue.

     

    The company achieved strong subscription and activation YoY revenue growth of 26 per cent at Rs 665 crore as compared to Rs 527.9 crore in the corresponding year ago quarter.

     

    Videocon d2h added 6.7 lakh gross subscribers and 4.3 lakh net subscribers during the quarter. Gross subscribers totalled 149.5 lakh and net subscribers totalled 112.7 lakh as of 31 December, 2015. The company says that monthly churn came in at 0.73 per cent for the quarter and 0.80 per cent for the nine months ending 31 December, 2015, which was marginally ahead of the company guidance.

     

    Note: 100,00,000 = 100 lakh = 10 million = 1 crore.

     

    Average revenue per user (ARPU) in Q3-2016 increased 8.2 per cent to Rs 211 as compared to Rs 195 in Q3-2015 and increased 2.9 per cent as compared to Rs 205 in Q2-2016.

     

    Videocon d2h reported 42.2 per cent YoY growth in adjusted EBITDA at Rs 201 crore for Q3- 2016 compared to Rs 141 crore in the corresponding year ago quarter. Net loss for the quarter declined to Rs 22.05 crore as compared to the net loss of Rs 79.8 crore in Q3-2015.

     

    Videocon d2h executive chairman Saurabh Dhoot said, “I am delighted the company reported EBITDA growth of over 42 per cent in the quarter compared to last year. This is a result of strong subscriber and ARPU growth and our continued focus on margin improvement, in line with our expectations. We believe we are amongst the fastest growing media companies in the world delivering exceptional performance quarter after quarter. During the quarter, we continued to strengthen our content offering and added new channels on our platform. We recently added two transponders ahead of schedule. This further strengthens our content offering, which is one of our key competitive advantages. With this additional bandwidth we will continue to add more regional and HD channels to our platform in times to come.”

     

    Speaking on the Phase III digitisation implementation, Videocon d2h CEO Anil Khera said, “Phase III digitisation has begun. The Ministry of Information & Broadcasting maintained their deadline and instructed broadcasters to switch off analogue signals in Phase III digitisation areas. In the first few days of January 2016, we saw strong pick up in subscriber additions in cities that come under Phase III digitisation. Recently, a few state high courts issued a stay order on implementation of Phase III digitisation for one – three months. This was in line with our expectations of the digitisation being a staggered process.”

     

    “We estimate around 50 million television homes come under Phase III digitisation, of which 24-25 million television homes are already on the digital platform. Thus, the target market under Phase III digitisation is the remaining 25-26 million television homes that are currently on analog cable,” he added.

  • Q3-2016: Videocon d2h YoY revenue up 22% on subscriber additions, higher ARPU

    Q3-2016: Videocon d2h YoY revenue up 22% on subscriber additions, higher ARPU

    BENGALURU: Videocon d2h Limited reported 14.8 per cent YoY increase in net subscriber additions and 8.2 per cent YoY growth in ARPU for the quarter ended 31 December, 2015 (Q3-2016, current quarter). The company’s revenue from operations (TIO) increased 21.6 per cent YoY to Rs 731.49 crore in Q3-2016 as compared to Rs 601.53 crore. Subscriber addition brings in higher activation revenue.

     

    The company achieved strong subscription and activation YoY revenue growth of 26 per cent at Rs 665 crore as compared to Rs 527.9 crore in the corresponding year ago quarter.

     

    Videocon d2h added 6.7 lakh gross subscribers and 4.3 lakh net subscribers during the quarter. Gross subscribers totalled 149.5 lakh and net subscribers totalled 112.7 lakh as of 31 December, 2015. The company says that monthly churn came in at 0.73 per cent for the quarter and 0.80 per cent for the nine months ending 31 December, 2015, which was marginally ahead of the company guidance.

     

    Note: 100,00,000 = 100 lakh = 10 million = 1 crore.

     

    Average revenue per user (ARPU) in Q3-2016 increased 8.2 per cent to Rs 211 as compared to Rs 195 in Q3-2015 and increased 2.9 per cent as compared to Rs 205 in Q2-2016.

     

    Videocon d2h reported 42.2 per cent YoY growth in adjusted EBITDA at Rs 201 crore for Q3- 2016 compared to Rs 141 crore in the corresponding year ago quarter. Net loss for the quarter declined to Rs 22.05 crore as compared to the net loss of Rs 79.8 crore in Q3-2015.

     

    Videocon d2h executive chairman Saurabh Dhoot said, “I am delighted the company reported EBITDA growth of over 42 per cent in the quarter compared to last year. This is a result of strong subscriber and ARPU growth and our continued focus on margin improvement, in line with our expectations. We believe we are amongst the fastest growing media companies in the world delivering exceptional performance quarter after quarter. During the quarter, we continued to strengthen our content offering and added new channels on our platform. We recently added two transponders ahead of schedule. This further strengthens our content offering, which is one of our key competitive advantages. With this additional bandwidth we will continue to add more regional and HD channels to our platform in times to come.”

     

    Speaking on the Phase III digitisation implementation, Videocon d2h CEO Anil Khera said, “Phase III digitisation has begun. The Ministry of Information & Broadcasting maintained their deadline and instructed broadcasters to switch off analogue signals in Phase III digitisation areas. In the first few days of January 2016, we saw strong pick up in subscriber additions in cities that come under Phase III digitisation. Recently, a few state high courts issued a stay order on implementation of Phase III digitisation for one – three months. This was in line with our expectations of the digitisation being a staggered process.”

     

    “We estimate around 50 million television homes come under Phase III digitisation, of which 24-25 million television homes are already on the digital platform. Thus, the target market under Phase III digitisation is the remaining 25-26 million television homes that are currently on analog cable,” he added.

  • Videocon d2h lines up new 4K UHD content across genres

    Videocon d2h lines up new 4K UHD content across genres

    MUMBAI: Direct to home (DTH) operator Videocon d2h has revamped its 4K content being shown on its 4K Ultra High Definition (UHD) channel – d2h Life 4K, which is India’s only 24 hours DTH channel service in 4K.

     

    D2h Life 4K will now offer a plethora of 4K UHD services and will telecast fresh new content spread across genres like movies, cricket, extreme sports, travel destinations, infotainment, nature, lifestyle, fitness and cooking amongst others.

     

    Videocon d2h has been revamping its 4K library for nearly a year to deliver a comprehensive collection of 4K entertainment. D2h Life 4K offers a unique combination of rich pictures with custom soundtracks. The programming is created to delight viewers every moment of the day. The channel will offer premium UHD movies exclusively on High 4K, premium Fashion Reality, premium Ultra HD Fights, from Extreme Amateur Fighting to Ultimate Power lifting Championships, music videos and intimate interviews from some of the top names in music today in 4K. High 4K will also take you into the kitchen of some of the world’s most famous chefs, open the doors to innovation of Automotive Technology in 4K, exciting lessons in 4K from a top fitness trainer.

     

    Videocon d2h executive chairman Saurabh Dhoot said, “Our focus is on creating the highest-quality consumer experience possible. We will be focusing on providing a variety of content as the demand for 4K Ultra HD content continues to increase and evolve. 4K content is the future and with this development we are completely geared up and future ready. Our new 4K UHD content is another way for our customers to enjoy stunning premium 4K content on our active 4K UHD channel 4K Life.”

     

    Videocon d2h CEO Anil Khera added, “We are committed to continuously enhancing our products that make consumers interaction with content a greater experience. Our goal is to provide premium experience of quality 4K UHD content across various genres. We would be offering Ultra HD movies, sports and various other programs that raise the bar on quality and innovation that customers have come to expect from Videocon d2h.”

  • Videocon d2h armed with adequate STBs ahead of DAS III deadline

    Videocon d2h armed with adequate STBs ahead of DAS III deadline

    MUMBAI: Indian direct to home (DTH) operator Videocon d2h says it is fully geared up for Digital Addressable Systems (DAS) phase III, the deadline for which is 31 December, 2015. 

     

    The company expects Phase III to be 50 million TV household in terms of size.

     

    The Telecom Regulatory Authority of India (TRAI) in its recent communication expressed satisfaction at the progress of the seeding of set-top boxes (STBs) in Phase III areas. TRAI has also advised consumers of urban areas who are still receiving cable TV services without STBs to avail and install STBs before the cut-off date in order to receive uninterrupted TV/services. It has reaffirmed its commitment to meet the deadline.  

     

    It is anticipated that there will be a huge demand for STBs for the Digitisation phase III, and Videocon d2h STBs are available in the markets. TRAI has been taking steps to create awareness among consumers and stakeholders by holding workshops on the implementation of DAS and consumer outreach programmes.

     

    Videocon d2h executive chairman Saurabh Dhoot said, “We welcome the digitisation mandate by Government wholeheartedly and will continue to support this initiative. The latest communication by Government in reaffirming its commitment is encouraging. This will ensure world class services to end consumer and create a level playing field between DTH and cable.”

     

    Videocon d2h CEO Anil Khera added, “Consumers who are on analog cable mode can subscribe to a Videocon d2h Digital Set Top Box to access uninterrupted services before digitisation is implemented. Videocon d2h has ample STBs to cater to demand of the digitisation towns. Consumers can subscribe to Videocon d2h to avoid a black out of the analog cable services and enjoy the wide range of channels and services provided.”

  • Videocon d2h launches Active HD Hollywood Channel Services

    Videocon d2h launches Active HD Hollywood Channel Services

    MUMBAI: After the first 24-hour 4K Ultra HD multi genre channel in January, Videocon d2h Limited has launched a new active HD Channel – Active HD Hollywood Channel services for its subscribers. Skoda has been roped in as channel partner for this launch. This is a part of Videocon d2h’s ongoing commitment to provide unmatched viewing experience for its subscribers. 

     

    The channel – Active HD Hollywood Channel Services will be available on Ch No. 940 on its network. It will air handpicked Hollywood movies everyday at 9 pm. All High Definition subscribers of Videocon d2h will be able to avail it for free in the initial phase of launch. The service will be available on paid subscription basis from a later date.

     

    Active HD Hollywood Channel Services will showcase a line up of critically acclaimed popular films. With new titles being released every day at 9pm, viewers can look forward to quality Hollywood movies, including such mega-hits as  Pandorum, Broken City, Jobs, Astro Boy, Remember Me, A Single Man, Agoraa, The Women in Black, Blindness, Something Borrowed, The Conspirator, The Twilight Saga Breaking Dawn Part -2, London Boulevard and Now You See Me among others.

     

    “We have observed that there is a genuine requirement to watch highly acclaimed Hollywood movies in HD and there are very few catering to this opportunity”, said Videocon d2h executive chairman Saurabh Dhoot. “Not only are we launching a new premium Hollywood HD movie channel, but we’re bringing value to our consumers. This channel will definitely resonate well with the young audience,” he further added.

     

    Videocon d2h CEO Anil Khera said, “We are excited to offer Hollywood movies fans across India access to high-quality entertainment in HD. With Active HD Hollywood Channel Services, we continue to provide high quality world class programming content delighting consumers. We are confident that our unique content offering of Hollywood movies in HD will make this an instant hit with subscribers.”

     

    Speaking on the same Skoda Auto India sales, service & marketing director Ashutosh Dixit explained, “Skoda looks at innovative platforms that resonate with the brand’s image to connect with its audiences. The audience of the Active Hollywood HD channel largely overlaps with the kind of consumers our brand converses with. This association will benefit both brands and we expect good traction from this partnership.”

  • Videocon d2h reports higher EBITDA, revenues, adds 0.2 mn net subs in Q2 FY 2016

    Videocon d2h reports higher EBITDA, revenues, adds 0.2 mn net subs in Q2 FY 2016

    MUMBAI: Indian pay TV platform and DTH operator Videocon d2h is slowly but surely getting its act together. At least if one goes by the financials for the quarter ended 30 September 2015 it has filed with Securities Exchange Commission in the US. The company is listed on the US Nasdaq.

     

    It has announced lower net losses, higher subscription and activation revenues, higher  EBITDA,  and an increase in both gross and net subscribers in the latest quarter as compared to the previous fiscal quarter and Q1 FY 2016.

     

    Net loss for the second quarter of the 2016 fiscal year at Rs 24.6 crore is a 59.9 per cent improvement over the net loss in the second quarter of the 2015 fiscal year which stood at Rs 61.4 core. It is, however,  marginally higher than the Rs 24.6 crore loss it suffered in Q1 FY 2016.

     

     It has reported a sales growth in both subscription and activation revenue and revenue from operations to Rs 629 crore (Rs 505 crore previous fiscal quarter – a growth of 24.6 per cent) and Rs 690 crore (Rs 507.30 crore  in Q2 FY 2016 – a growth of 20.3 per cent growth) respectively.  The comparitive Q1 FY 2016 figures for subscription and activation revenue  and overall revenues for Q1 FY 2016 were Rs 599.61 crore and 662.83 crore.

     

    The company notched up higher net subscribers (10.84 million in Q2 FY 2016 vs 9.46 million in Q2 FY 2015).  Average revenue per user (ARPU) growth  was higher at Rs 205 in Q2 2016 vs Rs 190 in Q2 FY 2015 but stagnated when compared to Rs 205.30 in Q1 FY 2016.

     

    It added 0.20 million net subscribers in this quarter, while adding 0.57 million gross subscribers to end Q2 FY 2016 with 14.27 million gross subscribers.

     

    As a comparitive, the  DTH service provider addded 0.61 million gross subscribers and 0.46 lakh net subscribers in Q1-FY 2016.

     

    Churn was higher in Q2 FY 2016 at 1.19 per cent as against 0.85 per cent in the previous corresponding fiscal quarter. 

     

    The company’s adjusted EBITDA has also improved 32.3 per cent to Rs 191 crore in the quarter ended 30 September 2015 as against Rs 145 crore for Q2 30 September 2014. This is a 2.50 per cent rise in adjusted EBITDA margin to 27.7 per cent in the latest quarter, despite significant increases in content costs as a percentage of revenue. Videocon d2h has clarified that the adjusted EBITDA is calculated after accounting for impact of its ESOP Plan 2014 which amounted to Rs 2.94 crore. The company’s EBIDTA in Q1-2016 was  Rs 187.43 crore (28.3 per cent margin).

     

    Videocon d2h says it began operating under new long term content agreements in the second half of the 2015 fiscal year. Content costs as a percentage of revenue in Q2 FY 2016 stood at 38.1 per as against 34.8 per cent in Q2 FY 2015.  Comparitively, content cost as a percentage of revenue in Q1 FY 2016 was  37 per cent. 

     

    Subscriber acquisition costs in the form of hardware subsidies were Rs 1,775 per subscriber during the second quarter of the 2016 fiscal year as against Rs 1,793 in Q1 FY 2016.

     

    Commenting on the results, Videocon d2h executive chairman Saurabh Dhoot said,  “I am happy to share that we have achieved EBITDA growth of 30.3 per cent in the first half of the current fiscal as against our guidance of 25-30 per cent growth. We are on track to deliver even stronger growth in the second half of this year, in line with the guidance shared earlier. During the quarter, we focused on enhancing our channel offering and added 14 Standard Definition and 4 High Definition channels. We have recently launched two proprietary services, namely d2h Hollywood HD and Darshan. With more than 50 million eye balls we also continue to gain traction on advertising revenue with marque advertisers coming on our platform.”

     

    Speaking on the near term subscriber growth outlook Videocon d2h CEO Anil Khera said,  “We estimate around 50 million television homes come under Phase III digitization, of which 24-25 million television homes are already on the digital platform. Thus, the target market under Phase III digitization is the remaining 25-26 million television homes that are currently on analog cable.”

     

    The company has also stated that its estimated market share stands at 21 per cent and it is among India’s fastest growing pay TV platforms.

     

    The Videocon d2h stock was trading at around $9.49  on Nasdaq at the time of writing as against $12.05 at the beginning of 2015.

     

  • Videocon d2h ropes in Himanshu Dhoreliya as content head

    Videocon d2h ropes in Himanshu Dhoreliya as content head

    MUMBAI: Videocon d2h has appointed Himanshu Dhoreliya as content head. Reporting to CEO Anil Khera, he will be based in Videocon d2h’s Mumbai headquarters. 

    Himanshu Dhoreliya comes to Videocon d2h with an impressive track record and more than a decade of experience in content development, content management and channel distribution for leading media and entertainment companies.  

     

    Videocon d2h executive chairman Saurabh Dhoot said, “The expertise that Himanshu Dhoreliya brings to the table will definitely add to and strengthen our content management bandwidth. This is an especially vital role & I believe that with his extensive experience & leadership, he will bring the best for brand Videocon d2h.”

     

    Videocon d2h CEO Anil Khera dded, “We are very pleased to welcome Himanshu Dhoreliya as content head, a role that will benefit greatly from his intuitive knowledge of the DTH industry. We are hopeful that he will help lead Videocon d2h in developing innovative content acquisition strategies while maximizing the use of our services to fulfil the needs of our valued customers – all, of course, keeping in sync with Videocon d2h’s goal of being the best in the industry.” 

     

    Dhoreliya former CEO and co-founder of TelevisionPost.com, has held positions with MSM Discovery Private Limited, the joint venture broadcast distribution company owned by Multi Screen Media and Discovery Networks, as well as ESPN Software.

  • Videocon d2h adds two new Malayalam channels

    Videocon d2h adds two new Malayalam channels

    MUMBAI: In celebration of Onam, direct to home (DTH) operator Videocon d2h has added two new Malayalam channels, Flowers TV and People TV on its platform.

     

    The Malayalam general entertainment channel Flowers TV will be available on LCN 606, whereas Malayalam news channel People TV is available on LCN 641. With the addition of these new channels, Videocon d2h now offers 28 Malayalam channels and services.

     

    “This Onam, we are looking forward to strengthening our market share in Kerala, as we continue to expand our already-wide array of Malayalam channels and services. The addition of two new Malayalam channels will help bolster our leadership position in this market while showing Kerala consumers that we are committed to serving their entertainment needs,” said Videocon d2h executive chairman Saurabh Dhoot.

     

    Videocon d2h CEO Anil Khera added, “We are proud to demonstrate our consumer-centric approach by adding Flowers TV and People TV to our platform on such a fitting and joyous occasion. A large number of our subscribers will celebrate Onam and Kerala is a very important region for us, so we are focusing on delivering them the best.”

  • Q1-2016: Subscription revenue growth, lower finance costs reduce Videocon d2h loss

    Q1-2016: Subscription revenue growth, lower finance costs reduce Videocon d2h loss

    BENGALURU: The addition of 6.1 lakh gross subscribers and 4.6 lakh net subscribers in Q1-2016 (quarter ended 30 June, 2015), coupled with higher average revenue per user (ARPU) for Q1-2016, resulted in a y-o-y 32.1 per cent growth in subscription revenue and 23.3 per cent growth in revenue from operations (TIO) in Q1-2016 for Videocon d2h.

     

    On a q-o-q basis, subscription revenue increased 3.7 per cent, while TIO increased six per cent. The company also reported a marked fall in finance costs and consequently, the company’s loss in the current quarter more than halved to Rs 24.4 crore as compared to the Rs 55.8 crore in Q1-2015 and was less than a third of the Rs 75.7 crore in Q4-015.

     

    Videocon achieved strong subscription revenue growth of 32.1 per cent to Rs 599.61 crore (90.5 per cent of TIO) in Q1-2016 as compared to the Rs 453.77 crore (84.4 per cent of TIO) in Q1-2015 and growth of 3.7 per cent as compared to the Rs 578.33 crore (92.5 per cent of TIO) in the immediate trailing quarter.

     

    Note: 100,00,000 = 100 lakh = 10 million = 1 crore

     

    TIO in Q1-2016 at Rs 662.83 crore was 23.3 per cent more than the Rs 537.65 crore in Q1-2015 and six per cent more than the Rs 625.27 crore in Q4-2015.

     

    Average revenue per user (ARPU) in Q1-2016 at Rs 205.30 was 9.7 per cent more than the Rs 187.14 in the corresponding year ago quarter and was 1.5 per cent more than the Rs 202.17 in Q4-2015. (Conversion rate from 1 dollar = 62.59 Indian rupee for all the three quarters).

     

    The company’s finance costs in Q1-2016 reduced 26.8 per cent to Rs 76.5 crore (11.5 per cent of TIO) as compared to the Rs 104.5 crore (19.4 per cent of TIO) in the corresponding year ago quarter and was an impressive 41.2 per cent lower than the Rs 130.1 crore (20.8 per cent of TIO) in Q4-2015. 

     

    Videocon d2h executive chairman Saurabh Dhoot said, “We are pleased to declare a strong set of results for the quarter ended 30 June, 2015 and are on track to achieve the guidance provided for fiscal 2016. With a strong subscriber growth outlook, DTH sector gaining market share over cable and an improving ARPU scenario; we believe we are just at the beginning of a multi-year strong growth opportunity.”

     

    During this quarter, Videocon d2h added three proprietary channels and also set up an advertising team to sell ad inventory for the same. These channels are d2h nursery rhymes, d2h Cinema HD and a music channel. Additionally, it also added three Active services, namely, Active Kids, Active Games and Active Learning during the quarter, which have started getting traction from customers.

     

    Dhoot added, “I am happy to share that we recently set up an advertising team to sell ad inventory on our own proprietary channels. We are beginning to see an encouraging response from multiple advertisers.”

     

    Issuance of bonus shares

     

    The board of directors of the company, at their meeting held on 22 July, 2015, determined that the Initial Performance Hurdle has been achieved and satisfied and hence has approved, subject to approval of Ministry of Information and Broadcasting and such other approvals and consents as may be required under the applicable regulations, the issuance of 23,360,000 equity shares (equivalent to 5,840,000 ADSs) to the shareholders of the company as of the date of the Contribution Agreement and the issuance of 3,999,984 equity shares (equivalent to 999,996 ADSs) to the sponsor by way of a bonus issue, in accordance with the terms of the Contribution Agreement and the Articles of Association of the Company. Further, Saurabh Dhoot also becomes entitled to receive 1,400,000 (equivalent to 350,000 ADSs) equity shares of the Company.

     

    The Initial Performance Hurdle was that the last sales price of the Videocon d2h ADSs on NASDAQ (converted into Indian rupees on each such day at the Indian Rupee/U.S. Dollar Exchange Rate on such date) for 20 trading days in a 30-trading day period equals or exceeds 125 per cent of the Listing Price (i.e. price per ADS issued to the SEAC Distribution Record Holders converted into Indian rupees at the Indian Rupee/U.S Dollar Exchange Rate prevailing on the Closing Date, March 31, 2015).

     

    Let us look at the other numbers reported by Videocon d2h

     

    The company’s EBIDTA (operating profit) in Q1-2016 increased 26.3 per cent to Rs 187.43 crore (28.3 per cent margin) from Rs 148.45 crore (27.6 per cent margin) in Q1-2015 and increased 15.9 per cent from Rs 161.77 crore (25.9 per cent margin) in Q4-2015.

     

    Videocon d2h total expenditure (TE) in Q1-2016 increased 20.3 per cent to Rs 618.1 crore (93.3 per cent of TIO) as compared to the Rs 513.7 crore (95.5 per cent of TIO) in Q1-2015 and increased 2.2 per cent as compared to the Rs 604.5 crore (96.7 per cent of TIO)

     

    Videocon d2h’s operating expense in Q1-2016 at Rs 379.1 crore (57.2 per cent of TIO) was 22.7 per cent more than the Rs 309 crore (57.5 per cent of TIO) in Q1-2015 and was 4.2 per cent more than the Rs 363.7 crore (58.2 per cent of TIO) in Q4-2015.

     

    The company says that its content cost as percentage of revenue in Q1-2016 was 37 per cent as compared to 32.7 per cent in Q1-2015 and 38.4 per cent in the immediate trailing quarter.

     

    Videocon d2h’s selling and distribution expense in the current quarter increased 17.8 per cent to Rs 50.9 crore (7.7 per cent of TIO) as compared to the Rs 43.2 crore (8 per cent of TIO) in Q1-2015 and increased 10.4 per cent as compared to the Rs 46.1 crore (7.4 per cent of TIO) in Q4-2015.

     

    Administrative and other expense in Q1-2016 increased 15 per cent to Rs 14.6 crore (2.2 per cent of TIO) as compared to the Rs 12.7 crore (2.4 per cent of TIO) in Q1-2015, but reduced by 42.3 per cent as compared to the Rs 25.3 crore (four per cent of TIO) in Q4-2015.

     

    Employee Benefit Expense in Q1-2016 increased 26.6 per cent to Rs 30.9 crore (4.7 per cent of TIO) as compared to the Rs 24.4 crore (4.5 per cent of TIO) in Q1-2015 and was 8.4 per cent more than the Rs 28.5 crore (4.6 per cent of TIO) in Q4-2015.

     

    Videocon d2h CEO Anil Khera said, “We believe around 10 crore homes will be up for grabs by digital cable and DTH operators in the next four – five years. DTH should gain higher market share in Phase III and IV of the Government of India digitization plan in comparison to the prior phases. We are excited and prepared to take on the significant subscriber growth opportunity ahead of us, as we approach the Phase III digitization deadline. While actual implementation could take time, we continue to believe the government has a strong intent to switch off analogue cable as per the plan.”