Dish TV reported a narrower loss

Direct-to-home service provider Dish TV reported a narrower loss.
Dish TV India ’s first quarter net loss narrowed 71% from a year ago to Rs 18.32 crore.
The company's revenue for the first quarter was up 51.3% year-on-year to Rs 460.38 crore.


The company's churn rate rose to 1.1 percent per month, compared with 1 percent in the immediately preceding quarter.

The results also came in below what the market was expecting.
Shares of Dish TV, which the market values at $4.42 billion, hit an intraday low of 87.85 rupees in a weak Mumbai market.
The stock, which has doubled in value over the past one year, was down 3.4 percent at 90 rupees.

Dish TV, which has a net subscriber base of 8.9 million, posted a standalone loss of 183.2 million rupees on net sales of 4.6 billion rupees.

Last year for the same period, the company had reported a loss of 631.8 million rupees on net sales of 3.04 billion rupees.

The company which added 725,000 new subscribers during the quarter, its average revenue per user for April-June was stable at 150 rupees.

The chief executive of Dish TV said, in the last quarter, the company has had a substantial jump in average revenue per users upto about Rs 150. “We expect ARPUs to improve quarter-on-quarter.''

He added. “In the next one-two quarters, we should be able to get to a profit after tax (PAT) positive number,”