Dish TV India disclosed a steep drop in consolidated net profit for the quarter ended June 2016. During the quarter, the profit of the company declined 24.61% to Rs 408.70 million from Rs 542.10 million in the same quarter last year. Revenues for the quarter rose 5.69% to Rs 7,785.70 million, compared with Rs 7,367 million for the prior year period.
Earnings per share for the quarter stood at Rs 0.38, registering 25.49% decline over previous year period.
Jawahar Goel, chairman & managing director, Dish TV, elaborated, said, ''With the government working on Roads, Railways, Power and other infrastructure and with global energy prices remaining low, the Indian consumer’s propensity to consume is definitely on the rise. Add to that, normal monsoon conditions, government’s notification of the 7th Pay Commission recommendations and you have all the ingredients needed to boost demand and spending. This is good news for service industries like ours.''
| Quarterly Results - Consolidated (Rs in mn) |
| As at | Jun - 16 | Jun - 15 | %Change |
| Revenues | 7,785.70 | 7,366.80 | 5.69 |
| Net Profit | 408.70 | 542.10 | (24.61) |
| Diluted EPS | 0.38 | 0.51 | (25.49) |
Shares of the company gained Rs 0.4, or 0.43%, to settle at Rs 93.90. The total volume of shares traded was 1,194,270 at the BSE (Thursday).
