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India’s Dish TV 3Q revenues rise 31%

Dish TV, India's first direct to home (DTH) satellite television provider, has posted a 31.4% rise in operating revenues for the three months to 31 December 2011.

The largest of India's DTH operators in terms of subscriber numbers earned INR 490.5 crore in the period, compared to INR373.16 crore in the corresponding quarter in 2010.

It also added 740,000 subscribers during the third quarter of the current financial year.

Earnings before interest, tax, depreciation and amortisation (Ebitda) grew 81.5% to INR 120.1 crore year on year, with a margin of 24.5%.

Dish registered a net loss of INR 43 crore in the third quarter due to foreign exchange losses of INR 15.6 crore.

"Despite a challenging macroeconomic environment and resultant price sensitivity, subscriber additions across the DTH industry have been encouraging," said Subhash Chandra, chairman, Dish TV.

"With digitalisation expected to boost subscriber additions, Dish TV is well entrenched to further build on its supremacy while also targeting larger uptake of Arpu-accretive HD subscribers."

He added that the company is expecting a good fourth quarter in terms of subscriber additions, due to mandatory digitisation being "just round the corner".

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