Dish TV is back in black; Q1 profit at Rs 54.21 crore
BY PTI29 July 2015 11:26 PM GMT
PTI29 July 2015 11:26 PM GMT
Direct-to-Home operator Dish TV India on Tuesday posted a consolidated net profit of Rs 54.21 crore for <g data-gr-id="13">first</g> quarter of the fiscal driven by the success of its regional offering Zing and value driven HD channels.
The Essel Group firm had posted a consolidated net loss of Rs 14.97 crore for the corresponding quarter last fiscal. Dish TV's total income from operations on consolidated basis was up 19.19 <g data-gr-id="11">per cent</g> during the quarter under review to Rs 736.68 crore as against Rs 618.04 crore of Q1 of FY 2014-15, the company said in a statement.
"Zing contributed around 22 per cent of our total sales and HD channels 20 per cent. Zing is the acquiring new markets for us in DAS Phase 3 & 4 markets. “It helped us in increasing in volumes and revenue growth," Dish TV CEO R C Venkateish said.
Next Story