Dish TV turns volatile after announcing Q4 results

Dish TV India tumbled 4.7% to Rs 89.30 at 14:52 IST on BSE, with the stock turning volatile after the company announced its Q4 March 2016 results.

The result was announced during market hours today, 23 May 2016.

Meanwhile, the S&P BSE Sensex was up 6.01 points or 0.02% at 25,307.91.

On BSE, so far 29.94 lakh shares were traded in the counter as against average daily volume of 4.15 lakh shares in the past one quarter. The stock was highly volatile. The stock lost as much as 6.24% at the day's low of Rs 87.85 so far during the day. The stock rose as much as 4.48% at the day's high of Rs 97.90 so far during the day. The stock had hit a 52-week low of Rs 65.25 on 29 February 2016. The stock had hit a 52-week high of Rs 121.85 on 6 August 2015. The stock had outperformed the market over the past one month till 20 May 2016, advancing 6.18% compared with Sensex's 2.1% fall. The scrip had also outperformed the market in past one quarter, surging 29.24% as against Sensex's 6.72% rise.

The mid-cap company has equity capitlal of Rs 106.59 crore. Face value per share is Rs 1.

Dish TV India's (Dish TV) consolidated net profit rose 1281.71% to Rs 482.77 crore on 10.08% growth in total income to Rs 821.15 crore in Q4 March 2016 over Q4 March 2015.

The company's subscription revenue rose 12.6% to Rs 741 crore in Q4 March 2016 over Q4 March 2015. Earnings before interest, taxation, depreciation and amortization (EBITDA) rose 18.1% at Rs 260.80 crore in Q4 March 2016 over Q4 March 2015.

Commenting on the company's Q4 results, Jawahar Goel, Chairman & Managing Director of Dish TV said that healthy subscriber additions and a higher average revenue per user (ARPU) improved the subscription revenue during the quarter.

The results for Q4 March 2016 and the financial year ended 31 March 2016 (FY 2016) are not comparable with their corresponding previous periods due to the impact of increase in service tax to 14.5%, from 12.36%, with effect from August 2015.

Dish TV is Asia Pacific's largest direct-to-home (DTH) company and part of one of India's biggest media conglomerate - the Zee Group.

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