DTH revenues may touch ₹22,000 crore in FY21: Crisil

NEW DELHI: As people stay at home and watch more television, direct-to-home (DTH) broadcasting, which accounts for 37% of total television subscribers in India, is set to notch up a revenue growth of 400-600 basis points (bps) to touch ₹22,000 crore this fiscal, according to a report by global analytics company Crisil.

The industry’s credit outlook is also positive as cash accruals improve despite sizeable capital expenditure. The forecast is based on an analysis of Crisil-rated DTH companies, which account for over 95% of the industry’s revenue.

DTH is alexpanding its share of the total TV pie as cable TV loses viewers. It was 34% in FY19 and 37% in FY20.