Dish TV posts Q1 net loss of Rs 14 cr

Firm banking on MSOs adopting the prepaid model for revenue collection

Direct-to-home service provider Dish TV saw a decline in revenue for the first quarter of the current fiscal, ending on June 30.

Revenue was down 5.1 per cent on a year-on-year (Y-o-Y) basis, from Rs 778.6 crore in Q1 last year to Rs738.9 crore in FY18. Subscription revenue reduced by 5 per cent in the quarter under consideration at Rs 691.7 crore, as compared to Rs 728.2 crore in the same quarter in the previous financial year.

Consequently, EBITDA was down 22.9 per cent, from Rs 261 crore in the first quarter last year to Rs 201.2 crore