Dish TV shines on adding 0.51 million net subscribers in Q4FY16

Dish TV India is currently trading at Rs. 86.45, up by 2.65 points or 3.16% from its previous closing of Rs. 83.80 on the BSE.

The scrip opened at Rs. 85.60 and has touched a high and low of Rs. 86.60 and Rs. 85.25 respectively. So far 235619 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 121.85 on 06-Aug-2015 and a 52 week low of Rs. 65.25 on 29-Feb-2016.

Last one week high and low of the scrip stood at Rs. 97.90 and Rs. 80.15 respectively. The current market cap of the company is Rs. 9166.44 crore.

The promoters holding in the company stood at 64.45% while Institutions and Non-Institutions held 25.85% and 9.70% respectively.

Direct-to-home (DTH) player Dish TV has added 0.51 million net subscribers in Q4FY16, taking its overall net subscriber base to 14.5 million. The company claims that it has achieved its fiscal target of 1.5 million net additions.

For the quarter ended 31 March, 2015, the company has posted a consolidated net profit of Rs 482.8 crore due to a tax reversal of Rs 436 crore in the quarter. The DTH operator also saw its average revenue per user (ARPU) increase by Rs 2 to Rs 174 in Q4 FY16, mainly on the back of a price hike across most of its packs in North and South India by around 4-8% effective March 22, 2016.

Dish TV is India’s largest direct-to-home company and part of the biggest media conglomerate - Zee Group. Dish TV has on its platform 400+ channels and services including 21 audio channels with over 14.5 million subscribers.