DTH
Airtel reports growth for DTH, home broadband segment in Q4
KOLKATA: Airtel Digital TV, Bharti Airtel’s direct-to-home (DTH) segment has reported Rs 767.3 crore revenue in q4 FY21 compared to Rs 603.5 crore in the corresponding quarter of the previous financial year, clocking a 27 per cent year-on-year growth.
The DTH segment has raked in Rs 248.3 crore profit in the quarter, up from Rs 152.8 crore in the same quarter a year ago. However, both profit and revenue have declined compared to the third quarter of FY21. The company deployed Rs 369 core capex for the quarter compared to 251.4 crore in Q4 FY20.
Airtel Digital TV witnessed a decline in customer base by 156 K during the quarter from 17.9 million in Q3 to 17.7 million in Q4, despite a growth of 6.6 per cent from 16.6 million in the corresponding quarter last year. ARPU for the quarter was at Rs 144 as compared, down from Rs 154 in the corresponding quarter last year.
Homes business segment witnessed revenue growth of five per cent year-on-year to reach 128.8 crore. The company’s focus on re-calibrated offerings and launch of Xstream bundles, with content and unlimited internet, to accelerate penetration has resulted in the highest ever net addition of 274K to reach a total base of 3.07 million, it stated. On a year-on-year basis, the customer base increased by 27 per cent.
For the quarter, revenues from Homes operations were Rs 600.9 core as compared to Rs 572.5crore in the corresponding quarter last year and Rs 567.4 in the previous quarter.
Overall, Airtel’s consolidated revenue stood at Rs 25,747 core, with India revenues at Rs 18,338 crore.
“It is this relentless focus on customer obsession that has allowed us to deliver another consistent quarter in terms of performance. Our mobile revenues grew at 19.1% YoY backed by 13.7 Mn 4G customer additions. We are seeing strong momentum in our home business with 274k net adds. The Enterprise segment delivered double-digit growth. Our digital assets continue to scale and we are beginning to see strong traction in monetisation of these assets,” said Airtel India and South Asia MD & CEO Gopal Vittal
DTH Operator
JC Flowers withdraws NCLT plea against Dish TV over EGM demand
Move eases pressure on DTH firm as long-running shareholder dispute cools
MUMBAI: In a breather for Dish TV India, JC Flowers Asset Reconstruction has withdrawn its petition before the National Company Law Tribunal seeking directions to convene an extraordinary general meeting.
The development was disclosed by Dish TV in a regulatory filing, confirming that the petitioner chose to withdraw the case during a hearing at the Mumbai bench of the tribunal. A detailed order from the bench is still awaited.
The petition, originally filed under Sections 98 to 100 of the Companies Act, 2013, sought to push for an extraordinary general meeting to address governance issues at the company. The case had its roots in a prolonged shareholder tussle dating back to 2021, when Yes Bank, then the largest shareholder, was at odds with the promoter group led by Subhash Chandra over board reconstitution.
JC Flowers had stepped into the picture as an assignee of Yes Bank’s stressed assets, effectively continuing the legal push initiated earlier. The withdrawal now signals a pause, if not a closure, to that chapter of dispute.
While the reasons behind the withdrawal have not been formally detailed, the move reduces immediate legal pressure on Dish TV, which has been navigating both operational and regulatory challenges in recent years.
For now, the focus shifts back to the company’s business fundamentals, even as the legal dust settles, at least temporarily, on one of its more closely watched shareholder battles.
