Dish TV India rose 4.43% to Rs 74.30 at 15:08 IST on BSE after the company reported a net loss of Rs 2.87 crore in Q3 December 2014, lower than net loss of Rs 38.25 crore in Q3 December 2013.
The Q3 result was announced during market hours today, 22 January 2015.
Meanwhile, the S&P BSE Sensex was up 92.72 points or 0.32% at 28,981.58.
The stock surged on high volumes. On BSE, so far 20.37 lakh shares were traded in the counter as against average daily volume of 4.74 lakh shares in the past one quarter.
The stock hit a high of Rs 74.40 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 71 so far during the day. The stock had hit a 52-week low of Rs 43.25 on 8 May 2014.
The stock had outperformed the market over the past one month till 21 January 2015, advancing 13.39% compared with the Sensex's 5.54% rise. The scrip had also outperformed the market in past one quarter, jumping 25.82% as against Sensex's 8.7% rise.
The mid-cap company has equity capital of Rs 106.50 crore. Face value per share is Re 1.
Dish TV India's total income rose 17.14% to Rs 729.25 crore in Q3 December 2014 over Q3 December 2013.
The company's total operating revenue rose 16.5% to Rs 713.90 crore in Q3 December 2014 over Q3 December 2013. Subscription revenue rose 17.4% to Rs 655.40 crore in Q3 December 2014 over Q3 December 2013. Earnings before interest, taxation, depreciation, and amortization (EBITDA) rose 41.1% to Rs 191.20 crore in Q3 December 2014 over Q3 December 2013. EBITDA margin expanded 270 basis year-on-year (YoY) at 26.8% in Q3 December 2014.
Dish TV India's Chairman Dr. Subhash Chandra said that the company recorded marked improvements in its key financials while maintaining market supremacy during Q3 December 2014.
Mr. Jawahar Goel, Managing Director of Dish TV said that the company continued to strengthen its reach in phase 3 & 4 towns much ahead of the government mandated revised deadline for digitization in those markets.
Dish TV is Asia Pacific's largest direct-to-home (DTH) company and part of one of India's biggest media conglomerate - the Zee Group.
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