New Delhi: Direct-to-home operator Dish TV India Ltd on Monday reported a consolidated net profit of Rs26.7 crore for the December quarter, down 61% from a year earlier. The company, owned by Zee Entertainment Enterprises Ltd, had posted a net profit of Rs68.5 crore for the third quarter of 2015-16. Dish TV added 2.04 lakh subscribers during the quarter, taking its net subscriber count to 1.53 crore, reflecting about 8-10% fewer additions. We have seen a slight growth in January but normalcy will return by March with new modes of payment,” said Rajeev Dalmia, chief financial officer at Dish TV. During the quarter, Dish TV announced it would merge with Videocon d2h, the direct-to-home (DTH) television arm of Videocon Industries Ltd in November.

Source: Mint January 30, 2017 14:26 UTC