ITV

Tag: Saurabh Dhoot

  • Despite lower ARPU, Videocon d2h posts higher Q3 profit

    Despite lower ARPU, Videocon d2h posts higher Q3 profit

    BENGALURU: The Saurabh Dhoot-led Indian DTH player Videocon d2h reported profit after tax (PAT) at Rs 30.85 crore for the quarter ended 31 December 2017 (Q3 2018, quarter under review). The company had reported PAT of Rs 16.78 crore for the immediate trailing quarter Q2 2018 and PAT of Rs 21.77 crore for the corresponding year ago quarter Q3 2017. Adjusted EBITDA increased 9 per cent yoy in Q3 2018 to Rs 291.41 crore from Rs 267.24 crore. Adjusted EBITDA less capex increased 62.9 per cent yoy to Rs 188.50 crore during the quarter under review as compared to Rs 115.70 crore.

    Videocon d2h revenue from operations increased 7.2 per cent yoy during the quarter under review to Rs 833.6 crore from Rs 777.39 crore. Subscription and activation revenue increased 7.3 per cent yoy to Rs 763 crore in Q3 2018 from Rs 711.20 crore.

    Subscriber matrices

    The company’s subscriber base increased by 1.6 lakh  (1 crore = 10 crore = 100 lakh) during Q3 2018 to 134.1 lakh from 132.5 lakh in the immediate trailing quarter Q2 2018. The company had a subscriber base of 127.7 lakh in Q3 2017. Videocon d2h reported a quarterly subscriber churn of 1 per cent, higher than the churn of 0.62 per cent reported for Q2 2018. Subscriber churn for Q2 2017 was 0.87 per cent. The company has reported lower average revenue per user of Rs 208 for the quarter under review as compared to Rs 212 for the immediate trailing quarter, but higher than the Rs 205 for the corresponding year ago quarter.

    Let us look at the other numbers reported by Videocon d2h

    Total expenses increased 6.5 per cent yoy to Rs 726.59 crore in Q 2018 from Rs 681.97 crore. Operating expenses increased 8.9 per cent yoy to Rs 423.61 crore in Q2 2018 from Rs 407.38 crore. Administration and other expenses reduced 14 per cent yoy to Rs 18.89 crore during the quarter under review from Rs 21.97 crore. Employee benefits expenses declined 4.3 per cent yoy to Rs 28.92 crore in Q2 2018 from Rs 30.21 crore. Selling and distribution expenses reduced 3.5 per cent yoy to Rs 50.84 crore in Q2 2018 from Rs 52.69 crore.

    Company speak

    Videocon d2h executive chairman Dhoot said, “I am pleased to report that we continued to deliver a strong quarterly result with our adjusted EBITDA being our highest ever quarterly adjusted EBITDA at Rs 2.91 billion. Our adjusted EBITDA per subscriber continued to improve further and came in at Rs 73 per subscriber per month.”

    “We continue to see a recovery on the ground and expect overall business prospects to improve driven by several factors including lower content availability on the FreeDish platform and the Indian government’s focus on increasing affordable housing and improving rural income levels in the recent budget,” he added.

    “During the quarter, the company received all the necessary approvals relating to its amalgamation with and into Dish TV India. The two companies now intend to file the relevant intimations / e-forms with the Registrar of Companies, Ministry of Corporate Affairs, Maharashtra, Mumbai in the last week of February 2018, which filing date will become the effective date for the proposed merger. The company will issue the relevant timelines and other mandatory notices in relation to the merger in due course,” concluded Dhoot.

    Also Read :

    Dish TV-Videocon d2h deal on course

    Dish TV re-evaluating Videocon d2h merger

    Videocon d2h reports another profitable quarter

  • Videocon d2h reports another profitable quarter

    Videocon d2h reports another profitable quarter

    BENGALURU: Saurabh-Dhoot led Indian DTH player Videocon d2h reported profit after tax (PAT) of Rs 168 million for the quarter ended 30 September 2017 (Q2 FY 2017-18). The company had reported PAT of Rs 12 million for the immediate trailing quarter (Q1 FY 2017-18) and PAT of Rs 148 million for the corresponding year ago quarter (Q2 FY 2016-17). Adjusted earnings before interest, taxes, depreciation, and amortisation (EBIDTA) increased by 6.9 percent year-on-year (y-o-y) during the quarter under review to Rs 2,805 million from Rs 2,625 million. Adjusted EBIDTA less capital expenditure increased by 29.4 percent y-o-y to Rs 1,174 million as compared with Rs 907 million.

    Videocon d2h revenue from operations increased by 7.5 percent y-o-y during the quarter to Rs 8,346 million from Rs 7,762 million. Subscription and activation revenue increased by 8.4 percent y-o-y to Rs 7,701 million from Rs 7,107 million.

    Subscriber matrices

    The company’s subscriber base increased by 0.21 million during Q2 FY 2017-18 to 13.25 million from 13.04 million in the immediate trailing quarter. The company had a subscriber base of 12.52 million in Q2 FY 2016-17. Videocon d2h reported a quarterly subscriber churn of 0.62 percent, which was less than half the churn of 1.27 percent reported for Q1 FY 2017-18. Subscriber churn for Q2 FY 2016-17 was 0.95 percent. The company has reported higher average revenue per user (ARPU) of Rs 212 for the quarter under review as against Rs 198 for the immediate trailing quarter and Rs 209 for the corresponding year ago quarter.

    A look at the other numbers

    Total expenses rose by 7.5 percent y-o-y to Rs 7,357 million in Q2 FY 2017-18 from Rs 6,843 million Operating expenses increased by 8.4 percent y-o-y to Rs 4,391 million from Rs 4,052 million. Administration and other expenses jumped up by 50.8 percent y-o-y to Rs 276 million from Rs 183 million. Employee benefits expenses declined by 23.8 percent y-o-y to Rs 240 million from Rs 315 million. Selling and distribution expenses increased by 4.3 percent y-o-y to Rs 633 million from Rs 607 million.

    Company speak

    Videocon d2h executive chairman Dhoot said, “I am delighted to report that we have delivered a strong quarter and have reported the highest ever quarterly adjusted EBITDA in the history of Videocon d2h at INR 2.81 billion. More importantly, adjusted EBITDA per subscriber grew by double digits from the last quarter and came in at INR 71 per subscriber per month, supported by better revenue realisations and higher operational efficiencies.”

    He added, “We remain optimistic on the future outlook of the company as we merge with Dish TV India Ltd in the coming weeks, subject to receipt of approval from the Ministry of Information and Broadcasting. The businesses of Videocon d2h and Dish TV India will be amalgamated for financial reporting purposes from October 1, 2017, the date appointed by the Honorable National Company Law Tribunal. We believe that the merged entity would be one of the largest pay TV platforms in the world in terms of subscriber base, according to company estimates. We are excited about the growth prospects of the merged entity given its large scale, solid business fundamentals, and a healthy balance sheet.”

  • Videocon d2h offers interactive ad solution, launches Skoda microsite

    Videocon d2h offers interactive ad solution, launches Skoda microsite

    MUMBAI: DTH is not just about distribution of entertaining content. It has the potential to provide innovative solutions to advertisers — to reach targeted clientele. Videocon has proved it.

    DTH player Videocon d2h has announced its partnership with Skoda to offer its subscribers a chance to have a detailed view of the new Skoda Monte Carlo and Kodiaq through its HD set-top box (STB).

    Using the maximum potential of technology, Videocon d2h is the first DTH player to launch a microsite on DTH Platform through a unique yellow button application that is available for the premium customers.

    On pressing the button on the remote, a microsite opens up which showcases exterior and interior pictures of Skoda Kodiaq along with other features.

    To enhance Skoda’s consumer experience, PHD India and Videocon d2h came together and created a virtual experience for viewing on the television sets. This innovation enables Skoda’s potential buyers to effortlessly view important features and aspects at their own convenience. The virtual experience was first tested with Skoda’s Monte Carlo, and has since been implemented during the launch of Kodiaq.

    Videocon d2h executive chairman Saurabh Dhoot said: “Our platform provides excellent advertising opportunities to marketers and advertisers. I am delighted at this partnership to provide an innovative and engaging advertising solution.”

    Videocon d2h CEO Anil Khera said: “This interactive advertising service shows our capability to innovate using technology and deliver returns. We look forward to provide more of such innovative advertising solutions on our platform to other advertisers.’’

    Skoda HOD – marketing Tarun Jha said, “Škoda tries to bring new technology experiences continuously. This is another attempt to bring the car to the customer at his convenience.”

    PHD Media GM – planning Dipesh Dadhich said, “This work is another example of PHD’s mission to find a better way for our clients, delivering outstanding results and industry-leading innovation in the process.”

  • Profit returns to Videocon d2h, court approves Dish TV merger scheme

    BENGALURU: After three consecutive profitable quarters in fiscal 2017 (year ended 31 March 2017, FY-17), Indian direct to home Saurabh Dhoot led major Videocon d2h Limited had reported a net loss of Rs 87 million for the last quarter of last fiscal (Q4-17). The company has returned back to the black for the quarter ended 30 June 2017 (Q1-18, current) with a profit after tax (PAT) of Rs 12 million. After the Essel group’s DTH company Dish TV India Limited, Videocon d2h is one of the few television signal carriage companies in India that have started reported profits after taxes.

    The company has informed the bourses through a press release that it has received a nod from the Mumbai bench of the National Company Law Tribunal ( for the scheme of arrangement among Videocon d2h (transferor company), Dish TV  India and their respective shareholders and creditors for the amalgamation with Dish TV. The appointed date for the amalgamation is 1 October 2017.

    Commenting on the company outlook, Videocon d2h executive chairman Saurabh Dhoot said, “In the past few weeks, the management has been working on an integration plan. 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.”

    Speaking on the business outlook, Videocon d2h CEO Anil Khera said “I am pleased to share that Goods and Service Tax (GST) came into effect starting July 1, 2017. GST will simplify the taxation regime and improve the ease of doing business. GST would also drive the unorganized segment, such as local cable operators, towards taxation.

    I am happy to share that the monsoons this year have been in line with long term average. This is likely to strengthen the macro-economic sentiment and imply good consumption from rural India. This is positive for the DTH industry and the upbeat rural sentiment due to the good monsoon could lead to a strong outlook for the festive quarter.”  

    The company reported a 1.2 percent increase in revenue from operations for the current quarter at Rs 7,726 million as compared to Rs 7,633 million in Q1-17. Subscription and activation revenue increased 1.7 percent in Q1-18 to Rs 7,091 million from Rs 6,970 million in Q1-17. Adjusted EBIDTA was slightly lower in Q1-18 at Rs 2,485 million as compared to Rs 2,519 million in the corresponding year ago quarter. However, adjusted EBIDTA less capex in the current quarter increased substantially to Rs 1,246 million from Rs 887 million in Q1-17. Content costs in Q1-18 have increased to 42 percent of revenue as compared to 38.7 percent in Q1-17.

    The company added 0.13 million net subscribers in Q1-18, far lower than the 0.43 million added in Q1-17 and lower than the 0.14 million subscribers added in the immediate trailing quarter. Quarter-over-quarter average revenue per user (ARPU) was Rs 198 in Q1-18 as compared to Rs 211 in Q1-17 and Rs 196 in Q4-17. Monthly subscriber churn in Q1-8 was higher at 1.27 percent as compared to 0.49 percent and 0.87 percent in Q1-17 and Q4-17 respectively. Subscriber acquisition costs in the form of hardware subsidies were INR 1,865 per subscriber during the first quarter of Fiscal 2018.

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  • DTH subscriber addition disappointing in calendar 2016

    BENGALURU: The carriage industry — more specifically the direct-to-home or DTH industry — has had a disappointing calendar year 2016 (CY-16) going by data provided by the Telecom Regulatory Authority of India (TRAI) in the first edition of its Yearly Performance Indicator Report of the Indian Telecom Sector for  2016 (IR-2016). This was mentioned by indiantelevision.com earlier after some players declared their results for fiscal and fourth quarter ended 31 March 2017. (FY-17 and Q4-17).

    Substantiating our findings, the TRAI report says that in CY-16 the registered DTH subscriber base grew only 14.45 percent from 84.8 million in CY-15 to 97.05 million in CY-16. A further downside was that the active subscriber base grew just 11.91 percent to 62.65 million in CY-16 from 55.98 million in CY-15. In absolute numbers this means that a little more than half (54.45 percent) of the registered suppliers (12.25million) added were active suppliers (6.67 million).

    The DTH industry had expected to grab a substantial percentage of the analogue cable subscribers from DAS Phase IV, – the sunset date for which had been extended by the government to 31 March 2017 from the earlier date of 31 December 2017.

    Please refer to the figure below for the market share of the six private pay DTH players in India. According to TRAI data, these three players had a 68 percent share of the private DTH market. Besides the six private pay DTH players, Doordarshan’s (DD) FreeDish DTH service  is a major player and is the largest DTH player by far in terms of subscribers with an estimated 15 million or 1.5 crore subscribers in 2015 as per the KPMG-FICCI Indian Media and Entertainment Industry Report 2016 (KPMG-FICCI M&E Report 2016) titled The Future: Now streaming. It must however be noted that an exact number for registered or active subscribers is not available even with DD, since this is a free DTH service.

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    Of the 6.67 million active DTH subscribers added by the industry, 4.65 million (69.72 percent) were added by three major DTH players whose information is available in the public domain. They are Bharti Airtel’s digital TV services or Airtel DTH, Dish TV and Videocon DTH.

    DAS was a huge opportunity for all the players in the television carriage ecosystem – in phase IV alone, this meant about 42 million analogue cable television homes. It is quite obvious from TRAI data that the industry has failed to do so. The DTH players could capitalize on just about 16 percent of this opportunity. And despite the extension of the sunset date to 31 March, 2017, DTH subscriber growth has slowed down even further, if one were to go by the subscribers added by the three big players mentioned above in the fourth financial quarter (1 January 2017 to 31 March 2017) – the three added a shade above half a million subscribers combined in Q4-17. Please refer to the figure below for the subscriber addition data by the three major players.

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    In FY-16 (year ended 31 March 2016) , the three players had added about 65 percent more subscribers in absolute numbers at 4.93 million as compared to the 3.81 million added in FY-17 (year ended 31 March 2017).The DTH industry witnessed a slowdown in subscriber growth even in the previous financial year. Combined subscriber additions for the annual period ended 31 March 2016 (FY-16) vis-à-vis the previous year (FY-15) grew by 14.8 percent of the three pay-direct to home operators in India.  This subscriber growth rate was however a little less than half that these entities had in FY-15 at 24.7 percent as compared to FY-14.

    Also Read :

    DTH subscriber growth slows down even further

    Active DTH subscriber growth subdued in Oct-Dec’16 quarter

    The growth of DTH in India

     

  • Videocon d2h adds JK 24×7 & Gulistan News

    MUMBAI: Videocon d2h, a DTH service, now offers two new News Channels – JK 24×7 News and Gulistan News for its subscribers in Jammu & Kashmir. These channels will be available on promotional Hindi Top-up for flexi pack on channel No 335 and 790, respectively. The 24-hour news channels will deliver the day’s top stories both national and international at any point of time. JK 24×7 is a Hindi news channel while Gulistan News is an Urdu channel.

    Videocon d2h executive chairman Saurabh Dhoot said, “We at Videocon d2h have always kept ahead of what our consumers require. Whether it is innovating in our set top boxes or by continuously adding the best channels or in service, we have always led from the front. Content has been a key driver of our leadership, this calendar year we have already added 71 new channels in regional languages. With JK 24X7 News and Gulistan, our subscribers will have even more choice to stay informed with the latest news.’’

    Videocon d2h CEO Anil Khera added: “As DAS-4 nears an end, we are seeing a significant appeal of state specific and regional language channels. Adding two channels specifically for J & K underlines our commitment to provide holistic family entertainment to the state.”

    Videocon d2h offers a wide range of active services like smart services including Smart English, Smart Games. The other active services include d2h Hollywood HD, d2h music, d2h spice, d2h cinema in both Standard Definition and HD, etc.

  • Videocon d2h receives shareholder, Competition Commission nod for merger with Dish TV

    BENGALURU: The Saurabh Dhoot led Videocon d2h Limited (Videocon d2h) has informed the Security Exchange Commission (SEC) that its equity shareholders have thought it fit and given consent by the requisite majority to the scheme of arrangement for amalgamation of Videocon d2h with Subhash Chandra’s Dish TV India Limited (Dish TV) and their respective shareholders and creditors. In pursuance to the Order of the Hon’ble National Company Law Tribunal, dated 22 March, 2017, the meeting of the shareholders was held on 9 May in Mumbai. The company intends to file the company petition with the Hon’ble National Company Law Tribunal seeking sanction of the scheme.

    Further, Videocon d2h has also informed the SEC thaton 9 May 2017 it has received a letter dated 4 May 2017from the Competition Commission of India, approving the proposed combination of Videocon d2h with Dish TV.

    Videocon d2h is a Nashdaq listed company, while Dish TV is listed on the NSE and BSE in India and the Luxembourg Stock Exchange in the form of GDRs’. The merged entity, Dish TV Videocon, will have a joint management structure with Jawahar Goel as its Chairman and MD and a vice-chairman and deputy managing director nominated by Videocon D2H shareholders.

    According to a Dish TV press release, following the closing of the merger transaction, the merged entity will be renamed as Dish TV Videocon Limited (Dish TV Videocon). Dish TV Videocon shall issue 857.791 million (85.7791 crore) shares as consideration for the Scheme and the Vd2h shareholders shall be allotted 2.021 new shares of Dish TV Videocon for every one share held in Vd2h subject to certain adjustments. This would result in Dish TV shareholders owning 1,066.861 million (106.6861 crore) existing shares or 55.4% of Dish TV Videocon, and Vd2h shareholders owning 857.791 million (85.7791 crore) new shares or 44.6% of Dish TV Videocon.

    Dish TV Videocon will be led by Jawahar Lal Goel as Chairman and Managing Director, combining the strength of senior and operating management teams while offering further career growth opportunities for employees of the two merging companies. The Vd2h principals shall have the right to nominate two directors on the Dish TV Videocon Board, one of whom shall be cice chairman and the other a deputy managing director.

    The merger is expected to create a leading cable and satellite distribution platform in India. Dish TV Videocon would serve 27.6 million (2.76 crore) net subscribers in India, as of September 30, 2016 on a pro forma basis, out of a total of 175 million (17.5 crore) TV households in India highlighting significant room for growth.

    At the close of the merger transaction, the current promoters of Dish TV shall continue as promoters of Dish TV Videocon. The Dish TV principals are also in discussion with the Vd2h principals to purchase some of the Vd2h principals’ shares in Dish TV Videocon post the amalgamation, details of which are likely to be finalised soon.

  • Videocon d2h launches Interactive TV games on HD Smart, partners Visiware’s Playin’TV

    MUMBAI: Videocon d2h, the fastest growing DTH service provider in India has entered into a partnership with Visiware International , the world leader in games for interactive television for its HD Smart Connect. Visiware International ’s flagship international gaming channel Playin’TV, will enrich Videocon d2h’s subscribers with gamification features, which include major entertainment licenses and innovative features.

    With this collaboration Videocon d2h’s subscribers will have an easy access to over 350 games on their Smart HD Connect. Playin’TV, offers games for the whole family from sports, to board & cards, brain teasers, casino and much more. Players can also enjoy experience-enhancing interactive TV gaming features such as real-time connected leaderboards, HD graphics etc.

    HD SMART Set top Box (Connected Set top box) converts any existing TV into a Smart TV besides showing 650 Channels & services in High Definition and Standard Definition. The DTH service allows one to watch their favorite channels in SD and HD, the Connected set top box allows one to browse content from applications residing on STB. These Applications will enhance the pleasure of accessing content on a bigger screen thus making it a family event rather than solo watching on a smaller screen. HD Smart Set Top Box will work as a tool for personalization, engagement and new customer experiences and with internet connectivity, one can convert one’s TV into a smart TV using it.

    Videocon d2h executive chairman Saurabh Dhoot said, “We are pleased to partner with Visiware International, a world class player in Interactive games on TV. Our HD Smart Connect platform is now rapidly scaling up with more and more entertainment applications, reaffirming our commitment to provide holistic entertainment for the entire family.”

    Videocon d2h CEO Anil Khera said, “In every home, young children are the most important members of the family. With Visiware International on our HD Smart Connect Platform, they can enjoy the latest interactive games on television. This is the first time truly interactive games would be available in India on television screens through the set top box.”

    Visiware International COO Frederic Fellague said, “Videocon d2h is launching our globally successful premier HTML5 games in India. This medium presents new opportunities in terms of interactivity, allowing multi-screen game plays and multi-player interactions.”

  • Videocon d2h consumer will have a wider choice of Hungama movies, says Dhoot

    MUMBAI: Videocon d2h has partnered with Hungama Play for its HD smart connect set-top box.

    Hungama Play a video-on-demand service, offering over 35,000 hours of video content in 12 languages, including movies, television series, kids shows, live events, music videos along with short films and documentaries. The content includes Hollywood, Bollywood, Fun Kids content which is sure to enthral. The service is available to consumers with various subscription options including a select free offer.

    HD Smart set top box (connected set top box) converts any existing TV into a Smart TV besides showing 650 Channels and services in HD and SD. The DTH service allows one to watch their favorite channels in SD and HD, the Connected set top box allows one to browse content from applications residing on STB.

    These applications will enhance the pleasure of accessing content on a bigger screen thus making it a family event rather than solo watching on a smaller screen. HD smart connect set-top box 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.

    Videocon d2h executive chairman Saurabh Dhoot said, “Our HD smart connect set-top box aims to provide an app store experience. We are delighted to have Hungama available as an app; our consumer will have a wider choice of movies with Hungama coming on board”

    Videocon d2h CEO Anil Khera said, “Our HD smart connect set-top box has now a wide range of curated apps to meet every entertainment need of consumers. With Hungama Play, consumers can access wide range of Indian Movies as these will be available on demand.

    Hungama Play CEO Siddhartha Roy said, “Through this technology, we hope to reach a larger segment of users and offer them an enhanced entertainment experience with the best of Hollywood, Bollywood, Regional movies, kids content, music videos and more, all on their television screens.”

  • Smart STB: Videocon d2h partners SonyLiv

    MUMBAI: Videocon d2h, one of the fastest growing DTH service provider in India, has signed a deal with SonyLIV for its HD Smart Connect Set Top Box. This partnership will enable Videocon d2h’s HD Smart Connect Set Top Box customers to access a seamless broad selection of content available on SonyLIV app.

    SonyLIV, which is the first premium Video On Demand (VOD) service by Sony Pictures Networks’ (SPN), will enrich Videocon d2h’s customers with an array of movies, strong line-up of events across all sports, shows, music, TV Shows and much more.

    SonyLIV can be accessed through all Web Apps button on Videocon d2h’s HD Smart Connect Set Top Box. The Smart Connect Set Top Box works on connectivity management platform to deliver a variety of connected services that leaves the customer with wide choice for entertainment.

    HD SMART Set top Box (Connected Set top box) converts any existing TV into a Smart TV besides showing you 650 Channels & services in High Definition and Standard Definition. The DTH service allows one to watch their favourite channels in SD and HD, the Connected set top box allows one to browse content from applications residing on STB. These Applications will enhance the pleasure of accessing content on a bigger screen thus making it a family event rather than solo watching on a smaller screen. HD Smart Set Top Box will work as a tool for personalization, engagement and new customer experiences and with internet connectivity, one can convert one’s TV into a smart TV using it.

    Videocon d2h executive chairman Saurabh Dhoot said, “This collaboration would strengthen the entertainment apps available on our HD Smart Connect and provide our customers with a large range of entertainment.’’

    Videocon d2h CEO Anil Khera said, “Our partnership with Sony LIV is yet another step towards creating the highest-quality consumer experience. Innovative products like HD Smart Connect and rich entertainment content available delights next generation users. Our focused approach strives for delivering exceptional content and customer delight.’’

    Sony Pictures Networks India EVP and Head – Digital Business Uday Sodhi said, “Through this synergistic association, we will be entertaining and engaging the audience with the rich content portfolio that SonyLIV showcases. The partnership allows us to deliver a superior entertainment experience to Indian audiences across genres and multiple screens, and live up to our brand promise of ‘We LIV to Entertain’.”