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Airtel Digital TV posts highest Q2 net subscriber addition in 4 years
MUMBAI: Airtel Digital TV has posted its highest fiscal second quarter net subscriber additions in almost four years. The DTH operator has added 256,000 net customers during the quarter ended 30 September 2016 compared to 164,000 a year ago.
In the preceding quarter ended 30 June, Airtel Digital TV had added 424,000 net subscribers, which was its highest net subscriber addition in four years.
The company’s total subscriber base increased 2.1 per cent to 12.4 million compared to 12.1 million in the preceding quarter.
Airtel Digital TV’s average revenue per user (ARPU) dropped to Rs 232 during the quarter compared to Rs 233 in the trailing quarter.
In the year-ago period, Airtel Digital TV had reported an ARPU of Rs 224.
Monthly churn saw a 50% increase to 1.2% from 0.8 per cent in the preceding quarter. In the year-ago period, the churn was 1.3%.
The DTH operator’s EBITDA remained flat at Rs 303 crore (Rs 3.03 billion) compared to Rs 301.1 crore (Rs 3.01 billion) in the previous quarter. In the year-ago period, EBITDA stood at Rs 234.3 crore (Rs 2.34 billion).
EBITDA margin for the quarter was 35.5% compared to 36% in the previous quarter.
EBIT fell 42.65% to Rs 69.9 crore (Rs 699 million) from Rs 121.9 crore (Rs 1.22 billion) in the preceding quarter. In the year-ago period, EBIT was at Rs 17 crore (Rs 170 million).
Revenue increased to Rs 854.5 crore (Rs 8.55 billion) from Rs 836.9 crore (Rs 8.37 billion) in the preceding quarter. In the year-ago period, revenue was at Rs 706.8 crore (Rs 7.07 billion).
During the current quarter, the company incurred a capital expenditure of Rs 254.1 crore (Rs 2.54 billion) compared to Rs 203 crore (Rs 2.03 billion) in the preceding quarter. In the year-ago period, capex was at Rs 250.1 crore (Rs 2.5 billion).
The resultant operating free cash flow during the quarter stood at Rs 48.8 crore (Rs 488 million) compared to Rs 98.1 crore (Rs 981 million) in the trailing quarter.
The company also increased its offering of standard-definition (SD) channels to 480 from 469 in the first quarter of the fiscal year. The high definition (HD) offering increased to 55 from 51, while its total channel offering increased to 535 from 520.