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Shares of direct-to-home firm Dish TV India Ltd on Thursday surged nearly 5% after it clocked Rs74.54 crore profit for the primary quarter ended 30 June of the fiscal yr 2020-21.
At 1:30 pm, shares of Dish TV India Ltd have been buying and selling at Rs11.48, up 4.94%, on the BSE; and at Rs11.45, 4.57% increased, on the NSE.
The BSE Sensex index was flat at 39,117.86; and the Nifty 50 index at 11,550.90 , 0.14% increased.
Dish TV India Ltd on Wednesday reported a consolidated internet profit of Rs74.54 crore for the June quarter of the present fiscal yr.
Its income fell 9.79% to Rs835.58 crore through the first quarter of FY21 from Rs926.30 crore a yr earlier.
“Unlike the preliminary section of the lockdown, revenues through the quarter have been impacted resulting from a better general churn. In addition, the Y-o-Y decline in revenues was additionally resulting from a excessive base impact contemplating the loads of cricket and basic elections associated protection on tv through the first quarter of final yr,” Dish TV mentioned in a press release on Wednesday.
The DTH firm mentioned its OTT platform ‘Watcho’ not solely leveraged its stock of indigenous net sequence to launch a number of new originals but additionally established itself as an necessary connection between the DTH platform and its subscribers.
Anil Dua, CEO of Dish TV, mentioned: “We consider that subscribers who obtain ‘Watcho’ are usually stickier on the DTH platform than those that have not tried the app but. From simply one million plus subscribers in January 2020, Watcho crossed the 10 million members mark in August this yr and we hope to double this quantity very quickly.”
Dish TV’s subscription income dropped 4.18% at Rs791.5 crore in Q1 of FY21 from Rs82.61 crore final fiscal.
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