New Delhi : Dish TV on Thursday reported a 24.6 per cent YoY drop in consolidated profit after tax (PAT) at Rs 40.87 crore for the June quarter, which was lower than a Rs 66.20 crore estimate made by analysts.
The company had reported a consolidated profit of Rs 54.20 crore for the corresponding quarter last year. Operating revenue for the quarter grew 5.7 per cent to Rs 778.60 crore from Rs 736.70 crore in the year-ago quarter. Ebitda rose 12.20 per cent YoY to Rs 264.60 crore
Average revenue per user (ARPU) stood at Rs 174 in Q1 of FY17.
The company said while the Delhi High Court is likely to take up the hearing of the digitisation phase III matter in August, cable operators may have no option than to digitise remaining analog cable networks as the central government gears up to auction 700 MHz spectrum to the telecom operators.
The government is also contemplating utilisation of 200 MHz airwaves for mobile telephony, the Company noted.
“We continue to be optimistic about margin expansion and ease of doing business, which should result from the implementation of GST,” Jawahar Goel, Chairman & Managing Director at Dish TV, said in the regulatory filing.