Dish TV suffers Q4 loss of Rs 1,316.30 cr

New Delhi: Essel Group direct-to-home arm Dish TV India Ltd Tuesday reported a consolidated net loss of Rs 1,316.30 crore for the fourth quarter ended March 31. The company had posted a net profit of Rs 118.21 crore in the January-March quarter a year-ago, Dish TV India said in a BSE filing.

Its revenue from operations during the quarter was Rs 1,398.75 crore. It was Rs 1,532.37 crore during the corresponding quarter of the previous fiscal.

Meanwhile, Dish TV said its results were not comparable as Videocon D2H Ltd had merged with it and all the assets and liabilities have been transferred in the company, on a going-concern basis with effect from said appointed date.

"Thus, the current audited financial information presented in the financial results are not strictly comparable with previously published audited financial result for the year ended 31 March 2018," it said.

Dish TV's total expenses were at Rs 1,490.72 crore. During the quarter, the company had a subscription revenues of Rs 1,308.3 crore.