Net loss for DishTV stood at Rs 29.09 cr

NEW DELHI: Direct-to-home operator DishTV reported a consolidated net loss of Rs 28.33 crore for the fourth quarter ended March 31, hit by revenue fall, reports PTI. The company had posted a net profit of Rs 482.77 crore in January-March a year ago, Dish TV said in a BSE filing. Total income from operations was down 12.44 per cent at Rs 718.98 crore during the quarter under review as against Rs 821.15 crore in the corresponding quarter a year ago. Dish TV's total expenses were at Rs 748.07 crore, up 0.91 per cent, as against Rs 741.28 crore of Q4 of FY 2015-16. "Subscription revenues during the quarter were lower by 11.1 per cent compared to the same quarter last year mainly due to the absence of a major cricketing event as well as package down gradation by existing subscribers," said Dish TV in a statement.