Dish Media, the parent company of Dish Home has seen its total operating income decline by 4.14% in 2021. The decrease in the subscriber base and the profit from it has resulted in the company’s overall finances taking a slump, the report from Care Ratings Nepal shows.
The report details that the company suffered its subscriber loss by 1.02% in 2021, a key reason for the less encouraging financial report. This has also led to the company’s fall in subscription revenue by 3% to just Rs 4 billion, 32 crore, and 40 lakhs.
Dish Media mainly offers DTH and fiber internet services. Recently, it has also launched its IPTV service iTV.
Dish Media sees a slight decrease in Total Operating Income in 2021
The company saw its Total Operating Income (TOI) restrained at Rs 4 billion and 92 crores in FY 2021. This is a decline of 4.14% on a year-on-year comparison against the previous year.
In 2020, Dish Media recorded a total of 5 billion 13 crores and 30 lakhs in TOI.
Income from Operations (in millions)
Credit: Care Ratings Nepal
The elite DTH provider entered internet service in February 2020 and remains vital for the company’s financial well-being. However, the company saw mixed results from its FiberNet business in the same year.
Again, despite Dish Media losing its subscriber base and subscriber revenue by 3%, the company has reported Rs 8 crore revenue from its ISP business in FY 2021.
Likewise, the company’s sales of Customer Premise Equipment (CPE) have descended by 30%, making transactions of just Rs 43 crore and 10 lakhs. But it earned Rs 8 crore in profit through the internet service.
Despite the less encouraging overall financial performance, Dish Media does have good prospects. The company’s PBILDT (Profit Before Interest Dep and Tax) remains stable at around 40% for the last three financial years. At the same time, the PAT margin has also stood stable at around 9.30% in the last two financial years – FY 2020, and FY 2021.
Similarly, the company has improved its Average Per User Revenue (ARPU) from Rs. 415.81 in FY 2020 to Rs. 450.07 during FY 2021.
The report suggests that the company’s forthcoming financial performance hinges on its “ability to quickly grow its ISP customer base” and retain DTH subscribers.
Dish Media Network Limited (DMNL) is Nepal’s prominent Direct-to-Home (DTH) service provider that went public on July 02, 2017, after the merger with Satellite Channel Pvt. Ltd. On the other hand, its subsidiary Dish Home (DTH) also merged with Prabhu TV in 2021.
DMNL serves around the country through 85 deals, over 3500 sub-dealers, and 1300 plus service franchises. Sandmartin International Holdings Limited is the major shareholder of the company with 47% shares in the company.
The company provides fiber net service under the Dish Home FiberNet moniker whose customer base is sharply increasing despite fierce competition among the 57 licensed ISPs battling to make an influence.