Skip to main content

Posts

Showing posts with the label Videocon d2h merger benefits blindside investors to Dish TV’s waffling performance

Videocon d2h merger benefits blindside investors to Dish TV’s waffling performance

A focus on the impending merger benefits with Videocon d2h (direct to home) is making investors turn a blind eye to the weak financial performance of Dish TV India Ltd. The company’s shares gained more than 1% on Wednesday even as its September quarter results showed no concrete signs of revival and performance lagged industry peers.   Revenue is down 3.9% from the year-ago quarter. As costs remained high, operating profit or earnings before interest and tax dropped 18.7%. Operating performance wasn’t exciting either. Average revenue per user (Arpu) at Rs149 is up just 0.7% from the June quarter and down 8% from a year ago. Subscriber additions are up 1% on a sequential basis. Comparatively, Arpu of Videocon and Bharti Airtel d2h businesses increased in the range of 2-7% on a sequential basis. “Lower increase was due to partial benefit accruing from GST implementation. Net addition was also lower compared to both Videocon and Bharti Airtel,” Emkay Research said in a note. N...