Operating revenue slipped 26 percent to Rs 291 crore, compared with Rs 396 crore in the same quarter last year. Subscription revenue, which contributed nearly 80 percent of the topline, declined 17 percent to Rs 232 crore. Marketing and promotional fees fell 68 percent to Rs 33 crore, while advertisement income rose to Rs 10 crore, and other operating income increased to Rs 15 crore.
Total expenditure rose 3 percent to Rs 259 crore. Cost of goods and services stood at Rs 143 crore, personnel cost at Rs 40 crore, and other expenses including selling and distribution at Rs 76 crore.
The company said engagement across its DTH and digital platforms remained steady, though churn continued to be elevated 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 in a single device to strengthen the company’s hybrid ecosystem.
Dish TV’s OTT platform, Watcho OTT Super App, continued to scale 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 provides a competitive, value-driven content mix across formats.Manoj Dobhal, CEO and Executive Director, Dish TV India, said, “India’s entertainment landscape is undergoing a rapid transformation, and we are embracing this change as an opportunity to redefine home entertainment. With over two decades of trust and innovation in millions of households, Dish TV has continuously evolved, from pioneering DTH services to creating digital-first experiences via 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.”He added, “With VZY Smart TVs, we are not just broadcasting content—we are creating an integrated experience that brings together live TV, linear programming, OTT streaming, and smart functionalities all in one device. Consumers will no longer need separate set-top boxes or OTT subscriptions. This move positions Dish TV as more than a DTH player; we are now an all encompassing content ecosystem provider. We are committed to enhancing subscriber value, deepening engagement, and reshaping the way India consumes entertainment.”
Utkarsh Small Finance Bank Q2 loss widens to Rs 349 crore
Utkarsh Small Finance Bank’s net loss widened at Rs 349 crore in the second quarter of the fiscal due to deteriorating asset quality and a fall in income. The bank had suffered a net loss of Rs 240 crore while it earned a net profit of Rs 51.2 crore in the year ago period.
Utkarsh also suffered an pre-provision operating loss of Rs 3.3 crore in the quarter under review against Rs 276 crore profit in the same period last year.
Its gross non-performing assets ratio rose further to 12.42% at the end of September from 11.42% three months prior to that and 3.88% a year ago.
Provision for the quarter more than doubled at Rs 462 crore as against 208 crore in the year earlier.
The bank’s total income was lower at Rs 937 crore as compared with Rs 1090 crore. Net interest income fell 37% year-on-year at Rs 350 crore.
Its gross loan portfolio contracted 2.3% year-on-year to Rs 18,655 crore at the end of September with the share of secured lending grew to 47% from 38% a year back. Deposits grew 10% to Rs 21,447 crore.
The bank’s capital adequacy ratio was at 17.21% at the end of the reporting period.
