Dish TV India Q3 Results | Net loss widens to ₹47 crore as revenue declines 21%

Direct-to-Home operator Dish TV India Ltd on Friday (February 14) reported a net loss of ₹46.5 crore for the third quarter that ended December 31, 2024. In the corresponding quarter of the previous fiscal, Dish TV posted a net loss of ₹2.8 crore.

The company's revenue from operations fell 21% to ₹373 crore against ₹472.3 crore in the corresponding period of the preceding fiscal. At the operating level, EBITDA tanked 32.8% to ₹122.6 crore in the third quarter of this fiscal over ₹182.5 crore in the corresponding period in the previous fiscal.

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The EBITDA margin stood at 32.9% in the reporting quarter compared to 38.6% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.

Last year in December, shareholders of Dish TV rejected the proposal to appoint two independent directors to the board of direct-to-home service providers. Two special resolutions for the appointment of two independent directors, Amit Singhal and Parag Agarawal, could not get the required support from the shareholders in the postal ballot, the company said while sharing the scrutiniser's report to bourses.

"We report that Special Resolutions in connection with Item Nos 1 and 2 (for appointment of Amit Singhal and Parag Agarawal) mentioned... in the Postal Ballot Notice, proposed to the Members of Dish TV India Limited did not receive the requisite majority of votes in favour and thus both the Special resolutions were rejected by shareholders," it added.

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The results came after the close of the market hours. Shares of Dish TV India Ltd ended at ₹7.35, down by ₹0.40, or 5.16%, on the BSE.