Videocon d2h Limited announced its financial results for the fiscal year 2014-15. The company under the leadership of its Executive Chairman, Saurabh Dhoot, is supposed to hold two conferences to discuss the results on June 4th, 2015. This is the Company’s first earnings release since the listing of its American Depositary Shares on the NASDAQ on April 1st, 2015.
The company’s revenue from operations grew 32.5% to INR 23.38 billion; while subscription revenue grew from 38.3% to INR 20.58 billion.
Commenting on the results, Mr. Dhoot said, “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.”
The Company continues to be the fastest growing Pay TV operator in India, with roughly 20% of the DTH net subscriber market share as on March 2015. Last year, the Company continued to lead the market in gross subscriber additions as well as incremental net subscribers for the fourth consecutive year.
The Company is also seeing a pick-up in its High-definition (“HD”) subscriber base. In Fiscal 2015, almost 30% of incremental net subscribers opted for the HD service. The Company’s HD subscriber base now represent almost 10% of the total net subscriber base, up from 5% in Fiscal 2014. The Company expects HD penetration to increase in the coming fiscal year, with an attendant impact on ARPU.
The Company achieved Adjusted EBITDA of INR 6.09 billion for Fiscal 2015 against INR 3.92 billion for Fiscal 2014, a growth of 55.3%.
Videocon d2h was able to push through an inflation linked APRU increase in February 2015. As a result, Q4 Fiscal 2015 ARPU was INR 202, 11.7% increase over Fiscal 2014.