DISH TV INDIA LIMITED REPORTS FIRST SET OF MERGED FINANCIALS – Q4 Results of Dish TV

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Dishtv and Videocon Merger
Dishtv and Videocon Merger

BIGGER THAN EVER BEFORE

DISH TV INDIA LIMITED REPORTS FIRST SET OF MERGED FINANCIALS

COMPANY HAD MERGED VIDEOCON D2H INTO IT W.E.F. OCTOBER 1, 2017

4Q FY18 OPERATING REVENUES OF Rs. 15,324 MILLION ADJUSTED EBITDA [1] OF Rs. 4,606 MILLION ADJUSTED EBITDA MARGIN OF 30.1 % ARPU OF Rs. 201

4Q FY18 Highlights

  • Subscription revenues of Rs. 13,771 million
  • Operating revenues of Rs. 15,324 million
  • Average Revenue Per User (ARPU) of Rs. 201
  • Adjusted EBITDA of Rs. 4,606 million
  • Adjusted EBITDA margin of 30.1%

KOLKATA, India; June 04, 2018 – Dish TV India Limited (BSE: 532839, NSE: DISHTV, LSE: DTVL) today reported fourth quarter fiscal 2018 consolidated subscription revenues of Rs. 13,771 million and operating revenues of Rs. 15,324 million. Adjusted EBITDA for the quarter stood at Rs. 4,606 million. Adjusted EBITDA margin was recorded at 30.1%.

On March 22, 2018, Videocon D2h Limited had merged with and into Dish TV India Limited with the appointed date of the merger being October 1, 2017.

Financials of Dish TV India Limited for the quarter ended March 31, 2018 thus represent 3 months financial performance each of Dish TV India Limited and Videocon d2h limited. Similarly, financials of Dish TV India Limited for the year ended March 31, 2018 represent 12 months financial performance of Dish TV India Limited and 6 months financial performance of Videocon d2h Limited.

EARNINGS RELEASE FOR THE QTR. & YEAR ENDED MAR. 31, 2018

Financial numbers for the fourth quarter and fiscal 2018 are thus not comparable with the corresponding periods last year.

However, presuming that the financials for fiscal 2018 had represented 12 months each of Dish TV India Limited and Videocon d2h Limited, operating revenues of the company would have been Rs. 62,377 million and corresponding Adjusted EBITDA [2] would have been Rs. 19,690 million with an Adjusted EBITDA margin of 31.6%.

Dish TV India Limited adopted Ind-AS (Indian Accounting Standards), notified by the Ministry of Corporate Affairs, from 1Q FY18. Consequently, results for the quarter ended March 31, 2017 have been re-stated to comply with Ind-AS.

The Board of Directors in its meeting held today, has approved and taken on record the audited consolidated financial results of Dish TV India Limited and its subsidiaries for the quarter and financial year ended March 31, 2018.

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