The Q2 result was announced after market hours yesterday, 29 October 2014.

Meanwhile, the S&P BSE Sensex was up 191.09 points or 0.71% at 27,289.26

On BSE, so far 3.99 lakh shares were traded in the counter as against average daily volume of 5.10 lakh shares in the past one quarter.

The stock hit a high of Rs 56 and a low of Rs 54.45 so far during the day. The stock had hit a 52-week high of 64.80 on 8 July 2014. The stock had hit a 52-week low of Rs 43.25 on 8 May 2014.

The stock had outperformed the market over the past one month till 29 October 2014, rising 6.11% compared with 1.88% rise in the Sensex. The scrip had underperformed the market in past one quarter, sliding 3.61% as against Sensex's 4.26% rise.

The mid-cap company has equity capital of Rs 106.50 crore. Face value per share is Re 1.

Dish TV India's total income rose 10.8% to Rs 689.36 crore in Q2 September 2014 over Q2 September 2013.

Earnings before interest, taxation, depreciation and amortization (EBITDA) rose 4.4% to Rs 162.30 crore in Q2 September 2014 over Q2 September 2013. Festival driven, higher selling and distribution expenses resulted in the EBITDA margin being marginally lower at 24.1% in Q2 September 2014 compared to 24.5% in Q2 September 2013. Average revenue per user (ARPU) increased to Rs 172 in Q2 September 2014 from Rs 170 in Q2 September 2013.

Dish TV India added 3.78 lakh net subscribers during Q2 September 2014, taking its net subscriber base to 12.1 million. Subscription revenues rose 12.2% to Rs 616.80 crore in Q2 September 2014 over Q2 September 2013.

Dish TV India said that the life of the Consumer Premises Equipment (CPE) for the purposes of depreciation has been estimated by the management as five years, which as per the management, best represents the period of expected use, and is different from the life indicated by the Schedule II of the Companies Act, 2013. Upto 31 March 2012, in certain cases, the onetime advance contribution towards the CPEs in the form of rental was being recognized over a period of three years from the activation date.

However, such practice, with effect from 1 April 2012, was changed to five years in respect of CPEs activated on or after 1 April 2012. During the year ended 31 March 2014, the company amended its policy in respect of CPEs activated upto 31 March 2012 also in order to align the same with the CPEs installed thereafter. During the year ended 31 March 2014, the correction in the policy had resulted in reversal of excess revenue of Rs 129.30 crore and excess provisions of license fee of Rs 12.93 crore recognised upto 31 March 2013. This also resulted in revenue for the year ended 31 March 2014 being higher by Rs 37.02 crore and license fee being higher by Rs 3.70 crore. The above correction had resulted into the net loss for the quarter and the year and ended 31 March 2014 being higher by Rs 83.05 crore. Since the correction was carried out during the quarter ended 31 March 2014, the figures for the quarter ended 30 September 2014 are not restated and are not comparable.

“We believe that the digitization push back provides a window of opportunity both for the early movers as well as for those who have not been able to monetize the roll-out. We do hope that the cable industry will ensure full implementation of gross billing, encryption and packaging in Phase 1 & 2 during this extended time-period. For early movers like Dish TV, it's an opportunity to reach out uninterrupted to the masses in Phase 3 & 4 and capture leading market share there,” said Mr. Jawahar Goel, Managing Director, Dish TV.

Multiple taxation remains one of the biggest challenge for the Indian DTH industry. Commenting on the economic advantages of the Goods and Services Tax (GST), Mr. Goel said, “We continue to be optimistic about the potential cost savings and margin expansion resulting from the implementation of GST and look forward to its early enactment.”

Dish TV is Asia Pacific's largest direct-to-home (DTH) company and part of India's biggest media conglomerate -- the Zee Group.