Total expenditure rose 3 percent to Rs 259 crore. The cost of goods and services was Rs 143 crore, personnel costs were Rs 40 crore, and other costs, including sales and distribution, were Rs 76 crore.The company said engagement across its DTH and digital platforms remained stable, although churn continued to rise in line with industry trends. Retention efforts focused on hybrid offerings, connected devices and value-added services.
A key development during the quarter was the launch of VZY Smart TVs, integrating DTH and OTT services into a single device to strengthen the company’s hybrid ecosystem.
Dish TV’s OTT platform, Watcho OTT Super App, continued to expand through its creator-led vertical FLIQS, which has crossed 98 million downloads and 14 million paid subscriptions. The company said its portfolio of more than 24 apps offers a competitive, value-driven content mix across formats. Manoj Dobhal, CEO and Executive Director of Dish TV India, said: “The Indian entertainment landscape is undergoing a rapid transformation and we embrace this change as an opportunity to redefine home entertainment. With over two decades of trust and innovation in millions of homes, Dish TV has continuously evolved, from pioneering DTH services to creating digital-first experiences through Watcho and FLIQS. Our latest foray into the VZY Smart TV segment reflects our ambition to lead the next chapter of the entertainment ecosystem in India.” that includes a content ecosystem provider. We aim to increase the value of our subscribers, deepen engagement and reshape the way India consumes entertainment.”
Utkarsh Small Finance Bank’s loss in the second quarter widens to Rs 349 crore
Utkarsh Small Finance Bank’s net loss widened to Rs 349 crore in the second quarter of the fiscal due to deteriorating asset quality and decline in revenues. The bank had incurred a net loss of Rs 240 crore, while it made a net profit of Rs 51.2 crore in the same period last year.
Utkarsh also incurred a pre-provision operating loss of Rs 3.3 crore in the quarter under review, against a profit of Rs 276 crore in the same period last year.
The gross non-performing asset ratio rose further to 12.42% at the end of September, compared to 11.42% three months earlier and 3.88% a year ago.
Provisions for the quarter more than doubled to Rs 462 crore from Rs 208 crore the year before.
The bank’s total income was lower at Rs 937 crore, compared to Rs 1,090 crore. Net interest income fell 37% year-on-year to Rs 350 crore.
The gross loan portfolio contracted 2.3% year-on-year to Rs 18,655 crore at the end of September, with the share of secured loans growing to 47% from 38% a year ago. Deposits grew 10% to Rs 21,447 crore.
The bank’s solvency ratio stood at 17.21% at the end of the reporting period.
#Dish #net #loss #widens #crore