Dish TV

Direct-to-home firm Dish TV India Ltd on Wednesday reported a consolidated net loss of Rs 37.38 crore in the September 2024 quarter. The company posted a net profit of Rs 5.41 crore in the July-September quarter a year ago, according to a company filing. Its revenue from operations was down 17.43 per cent to Rs 395.62 crore in the September quarter. It stood at Rs 479.15 crore in the corresponding quarter a year ago. Dish TV's total expenses in the September quarter declined 6.43 per cent to Rs 437.97 crore. Its expenses include the cost of goods and services, personnel cost and other expenses. Total income of Dish TV, which includes other income, in the September quarter was down 17.55 per cent to Rs 400.59 crore. Shares of Dish TV India Ltd settled at Rs 11.77 per scrip on the BSE, down 3.29 per cent from the previous close.

Dish TV India on Tuesday reported a consolidated net loss of Rs 1.56 crore for June quarter 2024-25 impacted by a decline in subscription revenue. The direct-to-home firm had reported a net profit of Rs 20.54 crore in April-June FY24, according to a regulatory filing from Dish TV. Revenue from operation was down to Rs 455.29 crore from Rs 500.16 crore. Total expenses declined 2.71 per cent to Rs 462.56 crore. The expenses include cost of goods and services, personnel cost and other expenses. In the June quarter, Dish TV's subscription revenues were at Rs 306.2 crore as against Rs 397.4 crore in the corresponding period a year ago. However, advertising revenue was up 7.2 per cent to Rs 9.7 crore in the June quarter. Income from marketing and promotional fees also went up by 59.2 per cent to Rs 130.7 crore in the June quarter. Operating revenue was also lower at Rs 455.3 crore as against Rs 500.2 crore a year ago. Dish TV's operating revenue includes subscription revenues, marke

The Nifty Media index has shed 15 per cent so far in 2024 and is the sole index trading below the 200-DMA on the NSE. Chart suggests better days are likely ahead.

Stocks to watch on May 28: NMDC reported a significant downturn in net profit, which decreased by 37.8 per cent to Rs 1,412.7 crore compared to Rs 2,271.5 crore in the previous year

Direct-to-home broadcast service provider Dish TV India on Monday said its consolidated net loss widened to Rs 1,989.69 crore in March 2024 quarter due to impairment of investments in OTT business Watcho as well as property, plant and equipment. The company had reported a net loss of Rs 1,710.62 crore in the January-March quarter a year ago, according to a regulatory filing. Its revenue from operations was down 19.38 per cent to Rs 406.95 crore during the quarter under review as against Rs 504.82 crore in the corresponding quarter. According to Dish TV, it had an exceptional item expenses of Rs 402.69 crore in the March quarter and its loss before exceptional items and tax was at Rs 14.24 crore. "Exceptional items of Rs 402.7 crore for the quarter and fiscal ended March 2024 in consolidated financial results include Rs 301.7 crore as impairment of intangible assets under development (for Watcho) and Rs 101 crore as impairment of property, plant and equipment," said Dish TV in a ...

Leading bourses BSE and National Stock Exchange have again imposed penalties on DTH operator Dish TV over composition and lack of quorum for its Board meeting, according to a regulatory filing by the company. The company has again received notices, imposing fines on February 22, 2024, said Dish TV on Friday. The stock exchange notices, in which NSE and BSE both separately imposed a total penalty of Rs 4.26 lakh, were placed before the Board of the company, which met on Friday. "National Stock Exchange of India Limited and BSE Lt had issued notices dated February 22, 2024, to the Company in respect of Noncompliance with the requirements pertaining to the composition of the Board for the quarter ended December 31, 2023, and constitution of Audit Committee & Stakeholder Relationship Committee for the quarter ended September 30, 2023," it said. Stock exchanges "have imposed fines on the Company for the said non-compliances" with regulations 17(1), 18(1) and 20 of the SEBI Listing ...

Direct-to-Home operator Dish TV India on Friday reported a marginal narrowing of consolidated net loss at Rs 2.83 crore in the third quarter ended December 23, 2023. The company had posted a consolidated net loss of Rs 2.85 crore in the same quarter last fiscal, Dish TV said in a regulatory filing. Consolidated revenue from operations during the quarter under review stood at Rs 470.27 crore as against Rs 552.09 crore in the year-ago quarter, it added. Total expenses in the third quarter were lower at Rs 471.82 crore as compared to Rs 567.16 crore in the same period a year ago. Dish TV India said it continued to gain incremental subscriber market share during the third quarter. However, due to subscribers shifting between platforms churn rates remained high thus resulting in overall negative net additions during the quarter, it added. "Our new subscriber additions during the quarter were impressive, not only because the numbers were strong but also because none of those added were

In a surprise development, shareholders of Dish TV rejected the candidature of four independent directors in the Extraordinary General Meeting held last week, leaving only one person on the board of the direct-to-home service provider. This prompted immediate appointment of two new persons on the board the same day, as the number of directors fell below the statutory minimum number of three. In the EGM held on December 22, shareholders of Dish TV shot down the four resolutions seeking the appointment and re-appointments of independent directors Shankar Aggarwal, Aanchal David, Rajesh Sahni and Virender Kumar Tagra. However, these resolutions could get only around 28 per cent of the total votes polled, and hence were rejected. "The Resolution Nos 1 to 4 have failed to receive a requisite number of votes in favour by the shareholders under remote e-voting and e-voting at EGM," said the scrutinizer's report submitted to bourses by Dish TV. After the voting results, which were declare

DTH operator Dish TV on Monday said it has called for an extraordinary general meeting on December 22 to seek shareholders' approval to appoint directors. The company -- which had in July rejected the second demand for calling an extraordinary meeting (EGM) by minority shareholders, citing non-fulfilment of the minimum requirement of stakeholding -- said its board of directors at their meeting held on Monday considered and approved the convening of an EGM of its equity shareholders on December 22, 2023, at 12:30 pm. The EGM will be conducted through video conferencing and other audio-visual means, Dish TV said in a regulatory filing without disclosing the reasons for convening the meeting. When contacted, a company spokesperson said the EGM has been convened to seek approval for the appointment of directors and details would be shared in due course. Last week, the company was fined Rs 5.14 lakh each by bourses BSE and National Stock Exchange over composition and lack of quorum for

Dish TV India, a direct-to-home broadcaster, is facing intense competition from OTTs and cable TV

Most operators point out that investing in last-mile access for broadband services makes sense in the top 1,000 cities, where the quality of the fibre is good

Leading bourses BSE and National Stock Exchange have imposed penalties on DTH operator Dish TV over composition and lack of quorum for its Board meeting, according to a regulatory filing by the company. The company which is facing a prolonged tussle between the Subhash Chandra-led promoter family and its earlier largest shareholder Yes Bank Ltd (YBL), said the fines amount to Rs 2.75 lakh. The company has received the notices, imposing fines on August 21, 2023, said Dish TV in a regulatory filing on Tuesday adding "it will be making the payment of the fines and shall also be submitting waiver applications with the Stock Exchanges". "The fines have been imposed on the Company for non-compliance of Regulation 17(1) and 17 (2A) of Listing Regulations, pertaining to the composition of the Board and quorum of Board meeting, for the quarter ended June 30, 2023," it said. The non-compliance in respect to the reduction in the board strength was primarily on account of non-approval of ...

Direct-to-home firm Dish TV India Ltd on Tuesday reported a 15.07 per cent increase in its consolidated net profit to Rs 20.54 crore for the April-June quarter of 2023-24 compared to Rs 17.85 crore a year ago. The company also announced the appointment of Manoj Dobhal as CEO with effect from August 23, 2023, after receipt of approval from the Ministry of Information and Broadcasting. Dish TV revenue from the operation declined 17.82 per cent to Rs 500.16 crore during the quarter under review as against Rs 608.63 crore of the corresponding quarter, Dish TV said in a regulatory filing. Dish TV's total expenses in the first quarter of FY2023-24 were down 19.37 per cent at Rs 475.46 crore. Its total income in the June quarter was at Rs 503.20 crore, down 17.94 per cent, mainly impacted by a decline in the subscription revenue. In the June quarter, Dish TV's Subscription revenues were 27.12 per cent lower at Rs 397.4 crore as against Rs 545.3 crore a year ago. Its subscription revenue

Chandra will also get back three properties, one of which is a bungalow in central Delhi

With JC Flowers ARC's 24.19% stake in the company, Chandra's total holding in the satellite TV operator will rise to 28.2%, if the transaction goes forth

Lenders, who own a majority stake in the company, have called for removal of the existing two-member board of S Aggarwal and Rashmi Aggarwal

Media tycoon Subhash Chandra's family lost control of Dish TV after promoter entities defaulted on loans

The company's minority shareholders are demanding a rejig of the company's board and the appointment of a new management team to put the DTH provider back on the profitability path

A group of minority shareholders of Dish TV has sent a notice to call an Extraordinary General meeting (EGM) of the direct-to-home service provider, raising concerns over corporate governance issues, seeking reconstitution of the board and removal of two independent directors questioning their independence. The notice sent by 77 shareholders of Dish TV, representing 10.15 per cent shareholding, proposed to nominate K Badri Narayanan, Satis Kumar Yanmandra, Jeet Sen Gupta as independent directors on the board of the Essel Group firm. Besides, it has also sought the removal of two independent directors -- Shankar Aggarwal and Rashmi Aggarwal -- from the board of the company. "The existing independent directors have a long-term association with Dish TV and Essel group which cast doubt over their independence," the shareholders wrote in the notice. Dish TV is embroiled in a tussle between its largest shareholder Yes Bank Ltd (YBL) and the promoter family led by its former chairman Jawa

The notice said the Board is acting at the behest of certain minority shareholders holding merely 4 percent stake in the company