Dish TV hits over 8-year low post Q2 results; stock tanks 20%

The stock tanked 20% to Rs 36.05, its lowest level since May 2010, after the average revenue per user (ARPU) declined 3.2 per cent at Rs 207 in Q2FY19 from Rs 214 in Q1FY19.

Shares of Dish TV India tanked 20 per cent on BSE to hit an eight-year low of Rs 36.05 apiece in the intra-day trade after the average revenue per user (ARPU) declined 3.2 per cent to Rs 207 in September quarter (Q2FY19) from Rs 214 in June quarter (Q1FY19). During the day, the stock traded at its lowest level since May 25, 2010. 

“The lack of heavy-duty sporting events, like those in the immediately preceding quarter, however, impacted the further growth of subscription revenues on a sequential basis. Sports specific packages and related win-backs often tend to dilute post the