Dish TV India declines after weak Q1 results

Dish TV India fell 2.64% to Rs 27.65 at 10:13 IST on BSE after a consolidated net loss of Rs 31.98 crore in Q1 June 2019 compared with a net profit of Rs 27.87 crore in Q1 June 2018.

The result was announced after market hours yesterday, 30 July 2019.

Meanwhile, S&P BSE Sensex was down 121.86 points or 0.33% at 37,275.38.

On BSE, 7.32 lakh shares were traded in Dish TV India counter, compared to a 2-week average of 19.05 lakh shares. The stock hit an intraday high of Rs 30.10 and an intraday low of Rs 27.30. It hit a 52-week high of Rs 73.15 on 24 August 2018 and a 52-week low of Rs 19.25 on 28 January 2019.

The company's net sales declined 44.1% to Rs 926.30 crore in Q1 June 2019 over Q1 June 2018.

Consolidated subscription revenues declined 44.5% to Rs 826.10 crore in Q1 June 2019 over Q1 June 2018.

Consolidated EBITDA dropped by 3.7% to Rs 536 crore this quarter as against the same quarter last fiscal year. The company achieved an EBITDA margin of 57.9% this quarter, under the new tariff regime.

Dish TV India is engaged in the business of direct to home (DTH) and teleport services.

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