Dish TV eyes profit in Q2 of FY10, garners 4.5 mn viewers
Dish TV India, the country's leading DTH company and part of the biggest media conglomerate Zee group, is targeting profit in the second quarter of the next fiscal, a senior company executive said on Thursday. “We are already on the road to profitability ... but the announcement would come when we reach that point. We are targeting positive earnings before interest, depreciation, taxation, and amortisation (EBIDTA) by the September quarter of 2009,” said Mr Sa lil Kapoor, COO, Dish TV.
He said the chances of becoming profitable have increased after the company's average revenue per user (ARPU) increased since the latest price hikes of its packages. The company has become the first DTH player to have more than 4.5 million customers in a market of eight million subscribers, thus capturing 53 per cent of the market share.
It is eyeing five million users by the year-end. Dish TV India had posted a net loss for the second quarter ended 30 September at Rs 154.11 crore, while it had a net loss of Rs 91.93 crore for the same quarter a year ago.
The company, which has 225 channels at present, is planning 450 channels. To give value-added services in addition to its Active series of programmes like NewsActive, SportsActive, AstroActive and BankingActive, it is also planning to launch ShaadiActive in tie-up with Shaadi.com.
The Hindu Business Line : Dish TV eyes profit in Q2 of FY10, garners 4.5 mn viewers
Dish TV India, the country's leading DTH company and part of the biggest media conglomerate Zee group, is targeting profit in the second quarter of the next fiscal, a senior company executive said on Thursday. “We are already on the road to profitability ... but the announcement would come when we reach that point. We are targeting positive earnings before interest, depreciation, taxation, and amortisation (EBIDTA) by the September quarter of 2009,” said Mr Sa lil Kapoor, COO, Dish TV.
He said the chances of becoming profitable have increased after the company's average revenue per user (ARPU) increased since the latest price hikes of its packages. The company has become the first DTH player to have more than 4.5 million customers in a market of eight million subscribers, thus capturing 53 per cent of the market share.
It is eyeing five million users by the year-end. Dish TV India had posted a net loss for the second quarter ended 30 September at Rs 154.11 crore, while it had a net loss of Rs 91.93 crore for the same quarter a year ago.
The company, which has 225 channels at present, is planning 450 channels. To give value-added services in addition to its Active series of programmes like NewsActive, SportsActive, AstroActive and BankingActive, it is also planning to launch ShaadiActive in tie-up with Shaadi.com.
The Hindu Business Line : Dish TV eyes profit in Q2 of FY10, garners 4.5 mn viewers