Dish TV India Ltd's Q3FY25 Quarter Results
- 15 Feb 2025
Result Summary
- Dish TV India Ltd reported a 4.6% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 19.5%.
- Its expenses for the quarter were down by 2.2% QoQ and 9.2% YoY.
- The net profit increased 24.5% QoQ and increased 1544.5% YoY.
- The earnings per share (EPS) of Dish TV India Ltd declined at 0.2 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 382.01 | 400.59 | 474.58 | -4.6% | -19.5% |
Total Expenses | 428.55 | 437.97 | 471.82 | -2.2% | -9.2% |
Profit Before Tax | -46.54 | -37.38 | 2.76 | 24.5% | -1786.2% |
Tax | 0.00 | 0.00 | 5.59 | - | -100.0% |
Profit After Tax | -46.54 | -37.38 | -2.83 | 24.5% | 1544.5% |
Earnings Per Share | -0.20 | -0.20 | 0.00 | 0.0% | - |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Dish TV India Ltd is a prominent player in the Indian direct-to-home (DTH) television services industry. As a part of the larger Essel Group, the company offers a wide array of digital television services to its subscribers across India. Dish TV India has been a significant name in delivering satellite television services, providing multiple channels and interactive features to enhance customer experience. The company operates in a highly competitive market, with other major DTH service providers and the increasing penetration of digital streaming platforms. Dish TV has been focusing on expanding its service offerings and improving subscriber engagement to maintain its position in the market.
Revenue
In the third quarter of the fiscal year 2025, Dish TV India Ltd reported a total income of ₹382.01 crores, showing a decline from ₹400.59 crores in the previous quarter (Q2FY25) and ₹474.58 crores in the same quarter of the previous year (Q3FY24). The quarter-over-quarter (QoQ) decrease in total income was -4.6%, while the year-over-year (YoY) change was a more pronounced -19.5%. This downward trend in revenue indicates a challenging environment for the company compared to both the previous quarter and the previous year.
Profitability
The profitability metrics for Dish TV India Ltd highlight a challenging period. The company reported a loss before tax of ₹46.54 crores in Q3FY25, which was higher than the loss of ₹37.38 crores in Q2FY25. Comparatively, Q3FY24 saw a small profit before tax of ₹2.76 crores. The QoQ change in profit before tax was 24.5%, indicating a worsening of losses, while the YoY change showed a substantial decline of -1786.2%. The profit after tax mirrored this trend, with a recorded loss of ₹46.54 crores in Q3FY25 compared to a loss of ₹37.38 crores in Q2FY25 and a marginal loss of ₹2.83 crores in Q3FY24. The earnings per share (EPS) remained at -0.20 in both Q3FY25 and Q2FY25, with no change QoQ, and a YoY comparison was not applicable due to the zero EPS in Q3FY24.
Operating Metrics
Dish TV India Ltd's operating metrics reveal a consistent effort to manage expenses amid declining revenues. The total expenses for Q3FY25 were ₹428.55 crores, which represents a slight decrease from ₹437.97 crores in Q2FY25 and a more significant decrease from ₹471.82 crores in Q3FY24. The QoQ change in expenses was -2.2%, while the YoY change was -9.2%. This reduction in expenses, though significant, has not been sufficient to offset the decline in total income, affecting the company's profitability. The tax expense for the quarter was nil, consistent with the previous quarter, while Q3FY24 had a tax expense of ₹5.59 crores, resulting in a YoY change of -100.0%. This reflects the company's current financial position and its ongoing strategies to navigate a challenging business environment.
