Dish TV continues to be in red in Q3

DTH player Dish TV on Wednesday reported a consolidated net loss of ₹66.77 crore for the quarter ended December 31, 2019. The company had posted a net profit of ₹152.69 crore in the corresponding quarter previous fiscal. It had reported a consolidated net loss of ₹96.37 crore in the second quarter ended September 30, 2019.

The company also said it was “cautious but optimistic” about improvement in its liquidity situation and hopes to get alternative credit facilities to finance its regular capital expenditure.

Total income for the quarter under review stood at ₹870.90 crore as against ₹1,529.57 crore in the corresponding quarter in previous fiscal. It said that with the programming cost becoming a “pass-through item” under the new tariff regime, subscription and operating revenues for the quarter were not comparable with the corresponding period.