Dish TV shares surge 14 pc on stellar earnings numbers

Shares of direct-to-home service provider Dish TV India today surged over 14 per cent after the company reported standalone net profit of Rs 35 crore for the fourth quarter ended March 31.
The scrip zoomed 14.21 per cent to settle at Rs 96.85 on the BSE. In the intra-day, it gained as much as 15.74 per cent to Rs 98.15 -- its 52-week high.
At the NSE, shares of direct-to-home (DTH) service provider jumped 14 per cent to Rs 96.85.
The company's market valuation rose by Rs 1,283.56 crore to Rs 10,319.56 crore.
Dish TV India today reported standalone net profit of Rs 35.01 crore for the fourth quarter ended March 31, coming into the black for the first time in 11 years of existence.

The company had posted net loss of Rs 149.05 crore for the January-March period of the previous fiscal, 2013-14, Dish TV said in a filing to the BSE.
Dish TV's net income from operation on standalone basis during the quarter under review was Rs 752.49 crore, up 18.53 per cent, as against Rs 634.85 crore in the year-ago period.
During 2014-15, Dish TV reported a consolidated net profit of Rs 3.14 crore as against a net loss of Rs 157.61 crore in the year-ago period.