DishTV reports Q3 net profit of Rs 152.7 cr

Essel Group direct-to-home arm DishTV Tuesday reported a consolidated net profit of Rs 152.69 crore for the December 2018 quarter.

The company, whose board on Tuesday approved an investment of up to Rs 3,000 crore in its wholly owned subsidiary Dish Infra Services Private Ltd, had posted a net loss of Rs 168.29 crore in the year-ago quarter, DishTV said in a BSE filing.

However, its total income was down 6.64 per cent to Rs 1,529.57 crore during the third quarter under review, against Rs 1,638.50 crore in the corresponding period a year ago.

DishTV's total expenses were also down 8.01 per cent to Rs 1,483.13 crore, compared with Rs 1,612.36 crore a year ago.

Its subscription revenue was down 2.10 per cent to Rs 1,412.6 crore, against Rs 1,443 crore in the December 2017 quarter.

The firm added 1.42 lakh subscribers and closed the quarter with a net subscriber base of 2.36 crore.

On the outlook, DishTV India Group CEO Anil Dua said: "We are optimistic about exiting FY19 with a high single-digit growth in Ebitda considering back-to-back cricketing action during the fourth quarter and further realisation of synergie."