Dish TV Q1 net profit rises 15% to Rs 20.54 cr, becomes zero-debt company

Direct-to-home firm Dish TV India Ltd on Tuesday reported a 15.07 per cent increase in its consolidated net profit to Rs 20.54 crore for the April-June quarter of 2023-24 compared to Rs 17.85 crore a year ago. The company also announced the appointment of Manoj Dobhal as CEO with effect from August 23, 2023, after receipt of approval from the Ministry of Information and Broadcasting. Dish TV revenue from the operation declined 17.82 per cent to Rs 500.16 crore during the quarter under review as against Rs 608.63 crore of the corresponding quarter, Dish TV said in a regulatory filing. Dish TV's total expenses in the first quarter of FY2023-24 were down 19.37 per cent at Rs 475.46 crore. Its total income in the June quarter was at Rs 503.20 crore, down 17.94 per cent, mainly impacted by a decline in the subscription revenue. In the June quarter, Dish TV's Subscription revenues were 27.12 per cent lower at Rs 397.4 crore as against Rs 545.3 crore a year ago. Its subscription revenue

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