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Stock Report
Dish TV India Ltd Q1FY22 consolidated net profit at Rs. 50.24 crores
Posted On : 2021-08-13 12:00:18( TIMEZONE : IST )
Dish TV India Limited has reported financial results for the period ended June 30, 2021.
Financial Results (Q1 FY 2021-22) - QoQ Comparison
The company has reported total income of Rs.739.33 crores during the period ended June 30, 2021 as compared to Rs.755.29 crores during the period ended March 31, 2021.
The company has posted net profit / (loss) of Rs.50.24 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.(1408.65) crores for the period ended March 31, 2021.
The company has reported EPS of Rs.0.26 for the period ended June 30, 2021 as compared to Rs.(7.32) for the period ended March 31, 2021.
| Financials | Q1 FY2021-22 | Q4 FY20-21 | % Change |
| Total Income | ₹ 739.33 crs | ₹ 755.29 crs |  -2.11% |
| Net Profit | ₹ 50.24 crs | ₹ (1408.65) crs |  103.57% |
| EPS | ₹ 0.26 | ₹ (7.32) | 103.55% |
Financial Results (Q1 FY 2021-22) - YoY Comparison
The company has reported total income of Rs.739.33 crores during the period ended June 30, 2021 as compared to Rs.850.52 crores during the period ended June 30, 2020.
The company has posted net profit / (loss) of Rs.50.24 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.75.94 crores for the period ended June 30, 2020.
The company has reported EPS of Rs.0.26 for the period ended June 30, 2021 as compared to Rs.0.39 for the period ended June 30, 2020.
| Financials | Q1 FY2021-22 | Q1 FY2020-21 | % Change |
| Total Income | ₹ 739.33 crs | ₹ 850.52 crs | -13.07% |
| Net Profit | ₹ 50.24 crs | ₹ 75.94 crs | -33.84% |
| EPS | ₹ 0.26 | ₹ 0.39 | -33.33% |
Mr. Anil Dua, Group CEO, Dish TV India Limited, said, "Having managed to stand our ground through the pandemic last year we started the new fiscal with a sense of cautious optimism however, the magnitude of the second wave came as a rude shock. Though we were operationally buffered due to our digital infrastructure, what did impact us was the fall in consumer spending on entertainment due to other pressing needs. The setback to consumer confidence will impact customer spending during the first half this fiscal. We plan to counter the sluggishness by re-energizing our distribution network with fresh schemes and offers that would maintain our mission of providing unmatched entertainment at unbeatable value-for-money."
With India's cumulative Covid-19 vaccination coverage surpassing more than one-third of the total population and with steadily declining active cases, demand scenario is expected to improve in the second half this fiscal.
Mr. Jawahar Goel, CMD, Dish TV India Limited, said, "Dish TV has been actively doing its bit to extend support in the fight against Covid-19. One crucial way to fight the pandemic is to accelerate the vaccination drive. During the quarter, Dish TV went a step further by crediting one full day of television entertainment free of cost to all those subscribers who got themselves vaccinated and uploaded their vaccination certificate on its website. A day of extra subscription was also credited to all hospitals and medical facilities with a Dish TV or d2h connection as a mark of gratitude. Hopefully, the worst is behind us now and the pace with which vaccination is going on in the country we would not face another stumbling block in the road to economic normalization."
'Watcho,' the home grown OTT platform of the Company has been expanding its reach to viewers across the country.
"We keep experimenting with Watcho's content and one thing that has surprised us is that unlike many popular OTT platforms, 'Watcho' has the potential to connect with viewers in the non-urban, tier-2 towns and cities as well. The platform gets this strength from its Dish TV DNA and we plan to boost it using relevant programming content going forward," said Mr. Anil Dua.
Shares of Dish TV India Limited was last trading in BSE at Rs. 14.03 as compared to the previous close of Rs. 11.87. The total number of shares traded during the day was 7760922 in over 6999 trades.
The stock hit an intraday high of Rs. 14.24 and intraday low of 11.93. The net turnover during the day was Rs. 106943789.
