Videocon d2h added 1.74 million net subscribers in the fiscal. net subscriber base grew 20.6 per cent to 10.18 million,

Videocon d2h added 1.74 million net subscribers in the fiscal. The direct-to-home (DTH) operator’s net subscriber base grew 20.6 per cent to 10.18 million, from 8.44 million in the prior year. Videocon d2h added 2.64 million gross subscribers during the fiscal. Its gross subscriber base saw a 25.2 increase to 13.09 million, from 10.45 million in the trailing fiscal. 

Videocon d2h Limited has announced its financial results for the fiscal 2014-15 in which the company has registered a 32.5 percent growth in revenue from operations.

The company’s subscription revenue grew by 38.3 percent while the EBITDA grew by 55.3 percent.

Company’s release states that Videocon d2h Limited has emerged as a market leader in India for the 4th consecutive year based on gross and net subscriber additions which include 2.64 million gross subscribers added in fiscal 2015.

Executive Chairman of Videocon Saurabh Dhoot said that the strong balance sheet and continued momentum indicates that company is well positioned for the future.

“We are pleased to announce that we successfully listed American Depositary Shares on NASDAQ in April, becoming the most valued Indian company to be listed on the NASDAQ. We are happy to share our results for fiscal 2015. We maintained our market leadership in subscriber growth and reported key financial metrics ahead of the guidance provided during the listing process. We believe, with our strong balance sheet and continued momentum, we are well-positioned for the future,” he said.

Meanwhile, CEO of Videocon d2h Anil Khera said that company is positioned well to take benefit of the increase in number of people switching to digital platform.

“The Pay TV segment in India is positioned for extraordinary growth over the next few years with millions of new TV homes being created on account of strong economic outlook in India as well as the Government of India’s initiative to roll out its digitalization mandate across the country. We believe that 90-100 million homes will be making the switch to digital platforms which will be available to the DTH and digital cable operators,” he said.

“We are well positioned to benefit from this and we believe we will take the largest share of this opportunity, as we have in the past. With strong economic growth outlook for India, overall media sector is

expected to grow in the years to come. We believe, this will help grow ARPU, TV penetration and increase HD uptake leading to stronger revenue growth for Pay TV in general and Videocon d2h in particular,” he added.

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