DTH
Profit returns to Videocon d2h, court approves Dish TV merger scheme
BENGALURU: After three consecutive profitable quarters in fiscal 2017 (year ended 31 March 2017, FY-17), Indian direct to home Saurabh Dhoot led major Videocon d2h Limited had reported a net loss of Rs 87 million for the last quarter of last fiscal (Q4-17). The company has returned back to the black for the quarter ended 30 June 2017 (Q1-18, current) with a profit after tax (PAT) of Rs 12 million. After the Essel group’s DTH company Dish TV India Limited, Videocon d2h is one of the few television signal carriage companies in India that have started reported profits after taxes.
The company has informed the bourses through a press release that it has received a nod from the Mumbai bench of the National Company Law Tribunal ( for the scheme of arrangement among Videocon d2h (transferor company), Dish TV India and their respective shareholders and creditors for the amalgamation with Dish TV. The appointed date for the amalgamation is 1 October 2017.
Commenting on the company outlook, Videocon d2h executive chairman Saurabh Dhoot said, “In the past few weeks, the management has been working on an integration plan. The merged entity plans to adopt and implement the best practices of both companies. We believe this merger provides exciting opportunities through the customer service model, convergence of technologies, expanded breadth of content offerings including expansion of exclusive content, advertising income growth potential as well as synergies from a combined subscriber base of more than 28 million. The merged entity would be one of the largest pay TV platforms in the world in terms of subscriber base, according to the company estimates. I am very excited for this new journey of a business that commands strong business fundamentals and growth opportunities supported by our strong balance sheet and growing free cash flows.”
Speaking on the business outlook, Videocon d2h CEO Anil Khera said “I am pleased to share that Goods and Service Tax (GST) came into effect starting July 1, 2017. GST will simplify the taxation regime and improve the ease of doing business. GST would also drive the unorganized segment, such as local cable operators, towards taxation.
I am happy to share that the monsoons this year have been in line with long term average. This is likely to strengthen the macro-economic sentiment and imply good consumption from rural India. This is positive for the DTH industry and the upbeat rural sentiment due to the good monsoon could lead to a strong outlook for the festive quarter.”
The company reported a 1.2 percent increase in revenue from operations for the current quarter at Rs 7,726 million as compared to Rs 7,633 million in Q1-17. Subscription and activation revenue increased 1.7 percent in Q1-18 to Rs 7,091 million from Rs 6,970 million in Q1-17. Adjusted EBIDTA was slightly lower in Q1-18 at Rs 2,485 million as compared to Rs 2,519 million in the corresponding year ago quarter. However, adjusted EBIDTA less capex in the current quarter increased substantially to Rs 1,246 million from Rs 887 million in Q1-17. Content costs in Q1-18 have increased to 42 percent of revenue as compared to 38.7 percent in Q1-17.
The company added 0.13 million net subscribers in Q1-18, far lower than the 0.43 million added in Q1-17 and lower than the 0.14 million subscribers added in the immediate trailing quarter. Quarter-over-quarter average revenue per user (ARPU) was Rs 198 in Q1-18 as compared to Rs 211 in Q1-17 and Rs 196 in Q4-17. Monthly subscriber churn in Q1-8 was higher at 1.27 percent as compared to 0.49 percent and 0.87 percent in Q1-17 and Q4-17 respectively. Subscriber acquisition costs in the form of hardware subsidies were INR 1,865 per subscriber during the first quarter of Fiscal 2018.
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DTH
DD Free Dish e-auction revenue dips to Rs 642 crore as slot sales fall
Revenue dips as revised norms reshape bidding in 94th round
NEW DELHI: Prasar Bharati’s DD Free Dish has closed its 8th annual, and 94th overall, e-auction for MPEG-2 slots with total collections of Rs 642 crore for the period April 1, 2026 to March 31, 2027.
That is lower than last year’s Rs 780 crore haul, with 55 slots sold compared with 61 in FY25–26. The softer topline reflects both a slimmer inventory and a recalibrated auction framework.
This was the first auction conducted after amendments to the e-auction methodology, including tighter eligibility norms and a revised reserve price structure for MPEG-2 slots. The stated aim was greater transparency and more serious participation. The immediate outcome appears to be more measured bidding in certain categories.
Day one set the tone. Eight slots were sold, six in the premium Bucket A+ and two in Bucket A. The strong early action in A+, which typically houses Hindi GECs and movie channels, reaffirmed the enduring appeal of mass Hindi programming on the platform.
Among the broadcasters securing slots in the initial rounds were Zee Entertainment Enterprises, Sony Pictures Networks India, Viacom18’s Colors network, Sun Network and Shemaroo Entertainment. Their continued presence signals that, despite the pull of digital platforms, Free Dish remains a strategic must have for legacy networks chasing scale in price sensitive markets.
The final bouquet of 55 channels leans heavily towards Hindi news, movies, devotional fare, Bhojpuri and regional programming.
In Hindi news, familiar heavyweights such as Aaj Tak, ABP News, India TV, News18 India, Republic Bharat and Zee News made the cut. Entertainment and movie offerings include Colors Rishtey, Star Utsav, Dangal TV, Sony Pal, Shemaroo TV, Goldmines, B4U Movies and Zee Biskope. Devotional viewers will find Aastha, Sanskar and Sadhna Gold among the selected channels.
Regional representation includes Sun Marathi, Fakt Marathi, PTC Punjabi and GTC Punjabi.
Equally telling were the absences. Broadcasters such as Big Magic, Filamchi Bhojpuri, India News, Bharat Express, Movieplex Maithili, TV9 Marathi, Shemaroo Marathibana, Zee Chitra Mandir and Satsang did not participate. The pullback is particularly visible across Marathi, Bhojpuri, Maithili and spiritual programming. Industry observers point to the revised reserve prices, tighter eligibility norms and a reassessment of commercial viability as possible factors.
DD Free Dish continues to beam into over 40 million homes, largely in rural and semi urban India. For advertisers and broadcasters alike, it offers efficient access to Bharat markets where pay TV penetration remains uneven and OTT subscriptions are limited.
The moderation in revenue this year may be read as a pause rather than a retreat. Fewer slots, a reworked auction playbook and evolving broadcaster strategies have clearly shaped outcomes. Yet premium Hindi entertainment retains its pull, and the platform’s mass reach remains hard to ignore.
As the FY26–27 line-up settles in, the mix of winners and walkaways will define the private satellite channel landscape on DD Free Dish for the year ahead.
