Dish TV India Ltd’s revenue declined by 5.1% qoq to Rs1,532cr. EBITDA came in at Rs401cr, down 19.5% qoq. EBITDA margin contracted by 469bps qoq to 26.15%. Company’s adjusted Net profit stood at Rs118cr vs. Net loss of Rs168cr qoq. Revenue and EBITDA came below estimates of Rs1,613cr and Rs488cr respectively.
• Operating expenses stood at 56.5% of the revenue vs. 52.5% qoq, leading to decline in the EBITDA margins.
• Other expenses stood at 12.8% of the revenue vs. 12.3% qoq, impacting the EBITDA of the company.
• Finance cost declined by 7.3% qoq to Rs132.9cr.
• During Q4FY18, company has recognised deferred tax credit of Rs147.1cr vs. deferred tax expense of Rs182.9cr qoq, which has led to profitability expansion.
Dish TV India Ltd ended at Rs. 73.60, down by 1.45 points or 1.93% from its previous closing of Rs. 75.05 on the BSE.
The scrip opened at Rs. 76 and touched a high and low of Rs. 76 and Rs. 73.20 respectively. A total of 40,25,879 (NSE+BSE) shares were traded on the counter. The stock traded below its 200 DMA.
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