Dish TV India Ltd posts consolidated net profit of Rs118.21cr in Q4FY18 vs. net loss of Rs168.29cr in Q4FY17

The company’s consolidated revenue stood at Rs1,532.37cr, down 5.08% qoq.

May 29, 2018 12:05 IST India Infoline Research Team

Dish TV India Ltd Q4FY18

Consolidated Results Q4FY18: (Rs. in cr)

Q4FY18 QoQ(%)
Revenue 1,532.37 [5.1]
EBITDA 400.65 [19.5]
EBITDA Margin (%) 26.15 [469]
Net Profit (adjusted) 118.21 -
***EBITDA margin change is bps
View

Buy

Reco. Price

73

Last updated on

23-May-2018



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.

Technical View:

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.


Related Story