ITV

Tag: Jan Dhan Yojna

  • Q3-2015: DishTV adds 317K subscribers; reports subscription revenue of Rs 711 crore

    Q3-2015: DishTV adds 317K subscribers; reports subscription revenue of Rs 711 crore

    BENGALURU: This is the fourth consecutive quarter that direct to home (DTH) company DishTV 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, Q4-2015), 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 followed this up with even better numbers in the previous two quarters (Q1-2016 and Q2-2016).

    The company added 3.17 lakh net subscribers in the quarter ended 31 December, 2015 (Q3-2016, current quarter), taking its subscriber base on that date to 140 lakh. Dish TV is the largest DTH player in the country in terms of subscribers as well as revenue. The company reported 11.8 per cent YOY revenue growth in the current quarter at Rs 771.48 crore as compared to Rs 690.08 crore and 2.5 per cent more QoQ as compared to Rs 752.42 crore.

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

    The company reported 39.1 per cent EBIDTA growth in the current quarter at Rs 265.4 crore as compared to Rs 190.8 crore in the corresponding year ago quarter and 4.1 per cent more than the Rs 255 crore in the immediate trailing quarter. The company reported PAT in Q3-2016 at Rs 68.49 as compared to a loss of Rs 2.63 crore in the corresponding prior year quarter, but decline 21.3 per cent as compared to Rs 86.96 crore in the previous quarter.

    Dish TV managing director Jawahar Goel said, ““We witnessed steady growth in the third quarter and our key metrics strengthened further. Subscription revenues grew 12.6 per cent while EBITDA margin improved to 34.4 per cent. Churn was lower at 0.7 per cent per month. PAT was Rs. 68.5 crore compared to a loss of Rs.2.6 crore in the corresponding quarter last fiscal. Free cash flow for the quarter stood at Rs. 129.6 crore. With a focus on Balance Sheet strength, Dish TV further pruned its debt by Rs 300 crore. The net debt is now around Rs 561 crore and likely to reduce substantially going forward.”

    Goel added, “Efforts towards 100 per cent village electrification and 24×7 power supply in urban areas have a direct correlation with our business. Improved power quality is likely to increase the consumption of pay-tv and within that, pre-paid platforms like Dish TV. Further, financial inclusion initiatives like the ‘Jan Dhan Yojna’ have also facilitated ease of recharge for DTH subscribers by giving them universal access to banking facilities. Rising income levels, growing urbanisation and favourable population dynamics instil confidence that India would be able to sustain high growth over a long period of time. Such positive indicators are catalysts for consumption driven sectors like DTH.”

    Talking about digitisation and Dish TV’s positioning, Goel said, “We continued to build our pan-India reach during the quarter. However, as expected, despite analogue sunset there was no real spike in consumer demand from Phase III markets thus making it an ordinary quarter from that perspective. Later, changing gears to align with the current industry trend, we tweaked our subscription packages to a more versatile and seemingly economical offering. Mandatory digitisation however is expected to pick up speed and our key focus going forward would be to gain market share both in terms of subscribers and profitability.”

  • Q3-2015: DishTV adds 317K subscribers; reports subscription revenue of Rs 711 crore

    Q3-2015: DishTV adds 317K subscribers; reports subscription revenue of Rs 711 crore

    BENGALURU: This is the fourth consecutive quarter that direct to home (DTH) company DishTV 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, Q4-2015), 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 followed this up with even better numbers in the previous two quarters (Q1-2016 and Q2-2016).

    The company added 3.17 lakh net subscribers in the quarter ended 31 December, 2015 (Q3-2016, current quarter), taking its subscriber base on that date to 140 lakh. Dish TV is the largest DTH player in the country in terms of subscribers as well as revenue. The company reported 11.8 per cent YOY revenue growth in the current quarter at Rs 771.48 crore as compared to Rs 690.08 crore and 2.5 per cent more QoQ as compared to Rs 752.42 crore.

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

    The company reported 39.1 per cent EBIDTA growth in the current quarter at Rs 265.4 crore as compared to Rs 190.8 crore in the corresponding year ago quarter and 4.1 per cent more than the Rs 255 crore in the immediate trailing quarter. The company reported PAT in Q3-2016 at Rs 68.49 as compared to a loss of Rs 2.63 crore in the corresponding prior year quarter, but decline 21.3 per cent as compared to Rs 86.96 crore in the previous quarter.

    Dish TV managing director Jawahar Goel said, ““We witnessed steady growth in the third quarter and our key metrics strengthened further. Subscription revenues grew 12.6 per cent while EBITDA margin improved to 34.4 per cent. Churn was lower at 0.7 per cent per month. PAT was Rs. 68.5 crore compared to a loss of Rs.2.6 crore in the corresponding quarter last fiscal. Free cash flow for the quarter stood at Rs. 129.6 crore. With a focus on Balance Sheet strength, Dish TV further pruned its debt by Rs 300 crore. The net debt is now around Rs 561 crore and likely to reduce substantially going forward.”

    Goel added, “Efforts towards 100 per cent village electrification and 24×7 power supply in urban areas have a direct correlation with our business. Improved power quality is likely to increase the consumption of pay-tv and within that, pre-paid platforms like Dish TV. Further, financial inclusion initiatives like the ‘Jan Dhan Yojna’ have also facilitated ease of recharge for DTH subscribers by giving them universal access to banking facilities. Rising income levels, growing urbanisation and favourable population dynamics instil confidence that India would be able to sustain high growth over a long period of time. Such positive indicators are catalysts for consumption driven sectors like DTH.”

    Talking about digitisation and Dish TV’s positioning, Goel said, “We continued to build our pan-India reach during the quarter. However, as expected, despite analogue sunset there was no real spike in consumer demand from Phase III markets thus making it an ordinary quarter from that perspective. Later, changing gears to align with the current industry trend, we tweaked our subscription packages to a more versatile and seemingly economical offering. Mandatory digitisation however is expected to pick up speed and our key focus going forward would be to gain market share both in terms of subscribers and profitability.”

  • Rs 18000 crore worth investments received for ‘Digital India’: Prasad

    Rs 18000 crore worth investments received for ‘Digital India’: Prasad

    NEW DELHI: The Prime Minister Narendra Modi’s mandate of ‘Digital India’ will be a game changer for the country and will have a cascading effect on the entire system said Communications and Information Technology Minister Ravi Shankar Prasad.

     

    Chairing the consultative committee meeting attached to his Ministry, he informed the members that about 700,000 kilometer of cable for broadband is proposed to be laid in the next three years as against one million kilometers already laid in the country, so far.

     

    The Minister informed members that 50,000 gram panchayats will be provided broadband facility in the first tranche and 2.5 lakh in the next three years. Prasad also assured the members that the government is giving priority to the production of electronic goods as part of the ‘Make in India’ programme.

     

    Reacting to the concern of some of the members about poor services of the BSNL network in the country, he said more funds are proposed to be provided to the public sector telephone service providers during the VII phase to improve their functioning and make them commercially active.

     

    The Department of Electronics and Information Technology secretary RS Sharma, made a presentation on the ‘Digital India’ programme before the members of the consultative committee. Earlier at the FICCI, Prasad said Rs 18000 crore worth investments proposals have been received till now for the ‘Digital India’ programme, of which Rs 4000 crore worth have been approved and more are in the pipeline.

     

    Speaking at the session on ‘The role of ICT and ‘Digital India’ initiative in India’s growth’ at the 87th AGM of FICCI, Prasad said that while there are issues of spectrum to provide high speed connectivity and regulatory control, India will become an exciting place as far as ‘Digital India’ is concerned. E-commerce, he said, was worth billions of dollars and will help increase India’s GDP in a big way.

     

    Prasad said that the huge postal network can be used for various services like banking, insurance etc. The postal services earn Rs 280 crore from e-commerce, he said, and urged the private sector to take the initiative to develop India digitally.

     

    Stating that digital connectivity is needed for good governance, Prasad said India had more than $100 billion turnover in IT industry. All fortune companies connect with India’s IT. India has the potential of becoming number two after China and surpass the United States.

     

    Spelling out the initiatives that have already been taken under the Digital India Programme, the Minister said mygov.in portal has been launched to allow India to interact on various government programmes. Suggestions received on various programmes like ‘Clean Ganga’, ‘Swachh Bharat’ through the portal and designing, logo, slogan etc have been prepared. Under the ‘Jan Dhan Yojna’ – name for the programme was coined with the help of suggestions received through the portal, eight crore bank accounts have been opened till now with a total deposit amount of Rs 8000 crore. This is an ideal example of financial inclusion through digital technology.

     

    Additionally, programmes such as ‘Jeevan Pramaan’, a  biometric-enabled digital service for pensioners has been launched. Besides, through IT, two lakh schools were connected (two crore children) on the eve of Teacher’s Day.

     

    Prasad said the digital divide between those who have and those who don’t needs to be plugged. For this the government has initiated the programme – National Optical Fibre Network (NOFN) – which proposes to connect seven lakh kilometers optical fiber to be laid to connect 250 gram panchayats in three years. Wi-fi spots will be provided around the clusters after that and all villages to be provided with internet connectivity.

     

    He said that to promote ‘Digital India’ it is proposed to set up a broadband duct which is a pre-requisite for getting sewer, water and electricity connections.