Dish TV reports net loss of Rs 1.5 crore in Q1 FY25

DTH service provider Dish TV India Ltd has reported a net loss of Rs 1.56 crore in the first quarter of financial year 2024-25.

In its financial results for the quarter ending June 30, 2024, Dish TV reported a revenue of Rs 461 crore in Q1 FY25, down from Rs 503.2 crore in Q1 FY24.

Its operating revenue stood at Rs 455.2 crore in Q1 FY25, down by Rs 45 crore compared to the same period last fiscal.

The company, which also offers built-in OTT services along with linear TV subscription to its customers, reported subscription revenue at Rs 306 crore in Q1 FY25, down from Rs 397 crore in the same quarter the previous year.

The total expenses of the company stood at Rs 462.5 crore in Q1 FY25, down from Rs 475.4 crore in Q1 FY24.

Its EBITDA also came down by 22.7% from Rs 212.7 crore in Q1 FY25, to Rs 164.5 crore.

Depreciation and amortization expenses of the company reduced from Rs 121.9 crore in Q1 FY24 to Rs 105 crore in Q1 FY25.

Advertising revenue of the company increased to Rs 9.7 crore in Q1 FY25, up from Rs 9.1 crore in Q1 FY24.

Marketing and promotion fees of the company increased from Rs 82.1 crore in Q1 FY24 to Rs 130.7 crore in Q1 FY25.

The personnel cost of the company came down from Rs 40.8 crore in Q1 FY24 to Rs 37.7 crore in Q1 FY25.

The cost of goods and services also reduced from Rs 151.8 crore in Q1 FY24 to Rs 143 crore in Q1 FY25.

The company also said, “The Board of Directors (Board) of the Company at its meeting held on July 24, 2024, considered and granted its In-Principle approval to explore and initiate the process of raising of funds through permissible means under applicable laws including but not limited to, by way of, issue of equity shares / convertible bonds/debentures/warrants / preference shares / foreign currency convertible bond (FCCB) / any other equity-linked securities and/or any other securities including through preferential l issue on a private placement basis, qualified institutional placement or any other methods or combinations thereof, listed or unlisted, for an amount not exceeding Rs. 10 billion, in one or more tranches, subject to such approvals as may be required.

“The Board also considered and approved incorporation/establishing of a Wholly Owned Subsidiary of the Company in India with such name as may be approved by the concerned approving authority, inter-alia to undertake the business of distribution of products and services through a robust digital platform and also provide ancillary services,” it said.