Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Dish TV India
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 505 | 500 | 479 | 470 | 407 | 455 | 396 | 373 | 344 | 329 | 291 | 299 | 243 |
| Expenses + | 490 | 287 | 284 | 290 | 242 | 291 | 251 | 250 | 246 | 257 | 259 | 341 | 313 |
| Operating Profit | 15 | 213 | 195 | 180 | 165 | 164 | 145 | 123 | 97 | 73 | 32 | -42 | -70 |
| OPM % | 3% | 43% | 41% | 38% | 41% | 36% | 37% | 33% | 28% | 22% | 11% | -14% | -29% |
| Other Income + | -1,899 | 3 | 7 | 4 | -398 | 6 | 5 | 9 | -329 | 5 | 8 | -64 | -63 |
| Interest | 57 | 66 | 66 | 65 | 70 | 67 | 66 | 71 | 64 | 64 | 69 | 68 | 68 |
| Depreciation | 200 | 122 | 119 | 117 | 115 | 105 | 121 | 107 | 106 | 105 | 104 | 102 | 103 |
| Profit before tax | -2,141 | 28 | 18 | 3 | -417 | -2 | -37 | -47 | -402 | -92 | -133 | -276 | -304 |
| Tax % | -20% | 26% | 70% | 203% | 377% | 0% | 0% | 0% | 0% | 3% | 0% | 0% | 0% |
| Net Profit + | -1,721 | 21 | 5 | -3 | -1,990 | -2 | -37 | -47 | -402 | -95 | -133 | -276 | -304 |
| EPS in Rs | -9.34 | 0.11 | 0.03 | -0.02 | -10.81 | -0.01 | -0.20 | -0.25 | -2.18 | -0.51 | -0.72 | -1.50 | -1.65 |
Financials of Dish TV India
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 2,688 | 3,060 | 3,014 | 4,634 | 6,166 | 3,556 | 3,249 | 2,802 | 2,262 | 1,857 | 1,568 | 1,163 |
| Expenses + | 1,955 | 2,035 | 2,046 | 3,310 | 4,112 | 1,438 | 1,200 | 1,145 | 1,255 | 1,096 | 1,039 | 1,169 |
| Operating Profit | 733 | 1,025 | 968 | 1,324 | 2,055 | 2,119 | 2,050 | 1,657 | 1,006 | 761 | 529 | -7 |
| OPM % | 27% | 34% | 32% | 29% | 33% | 60% | 63% | 59% | 44% | 41% | 34% | -1% |
| Other Income + | 63 | 64 | 61 | 46 | -1,521 | -1,915 | -797 | -2,643 | -1,967 | -391 | -309 | -114 |
| Interest | 175 | 209 | 229 | 396 | 629 | 565 | 418 | 325 | 278 | 267 | 269 | 270 |
| Depreciation | 614 | 591 | 691 | 1,072 | 1,441 | 1,426 | 1,532 | 1,071 | 849 | 472 | 439 | 414 |
| Profit before tax | 7 | 290 | 109 | -98 | -1,536 | -1,787 | -698 | -2,381 | -2,088 | -369 | -488 | -805 |
| Tax % | 57% | -139% | 25% | -13% | -24% | -7% | 71% | -22% | -19% | 433% | 0% | 0% |
| Net Profit + | 3 | 692 | 82 | -85 | -1,163 | -1,655 | -1,190 | -1,867 | -1,684 | -1,967 | -488 | -807 |
| EPS in Rs | 0.03 | 6.50 | 0.86 | -0.41 | -6.22 | -8.90 | -6.40 | -9.95 | -9.14 | -10.68 | -2.65 | -4.38 |
| Dividend Payout % | 0% | 0% | 0% | 0% | -8% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Dish TV India
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 107 | 107 | 107 | 184 | 184 | 184 | 184 | 184 | 184 | 184 | 184 | 184 |
| Reserves | -420 | 274 | 299 | 6,570 | 5,306 | 3,666 | 2,503 | 752 | -973 | -2,940 | -3,427 | -4,227 |
| Borrowings + | 1,484 | 1,231 | 1,137 | 3,154 | 2,758 | 1,784 | 812 | 378 | 75 | 2 | 35 | 19 |
| Other Liabilities + | 1,996 | 2,327 | 2,627 | 5,264 | 6,097 | 5,975 | 5,786 | 5,354 | 5,199 | 5,463 | 5,512 | 5,777 |
| Total Liabilities | 3,166 | 3,939 | 4,170 | 15,172 | 14,346 | 11,609 | 9,285 | 6,668 | 4,485 | 2,709 | 2,304 | 1,753 |
| Fixed Assets + | 1,454 | 1,810 | 2,042 | 12,185 | 10,235 | 7,681 | 6,006 | 3,018 | 1,056 | 1,072 | 1,040 | 934 |
| CWIP | 497 | 610 | 580 | 678 | 767 | 1,148 | 947 | 962 | 652 | 352 | 352 | 144 |
| Investments | 200 | 232 | 165 | 150 | 0 | 0 | 0 | 0 | 0 | 16 | 25 | 12 |
| Other Assets + | 1,015 | 1,287 | 1,383 | 2,159 | 3,344 | 2,780 | 2,331 | 2,689 | 2,777 | 1,270 | 887 | 664 |
| Total Assets | 3,166 | 3,939 | 4,170 | 15,172 | 14,346 | 11,609 | 9,285 | 6,668 | 4,485 | 2,709 | 2,304 | 1,753 |
Financials of Dish TV India
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 767 | 1,132 | 821 | 1,036 | 1,090 | 2,204 | 1,574 | 1,141 | 668 | 676 | 410 | |
| Cash from Investing Activity + | -670 | -809 | -625 | -493 | -452 | -926 | -481 | -669 | -341 | -595 | -377 | |
| Cash from Financing Activity + | -36 | -352 | -115 | -414 | -849 | -1,257 | -1,112 | -494 | -328 | -88 | -27 | |
| Net Cash Flow | 61 | -29 | 82 | 129 | -210 | 21 | -19 | -21 | -1 | -7 | 6 | |
| Free Cash Flow | 62 | 224 | -41 | 201 | 258 | 1,210 | 1,115 | 507 | 313 | 85 | 11 | |
| CFO/OP | 106% | 112% | 98% | 82% | 55% | 105% | 76% | 66% | 71% | 94% | 78% |
Financials of Dish TV India
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 9 | 9 | 11 | 12 | 8 | 9 | 10 | 10 | 15 | 13 | 19 | 20 |
| Inventory Days | 103 | |||||||||||
| Days Payable | 1,847 | |||||||||||
| Cash Conversion Cycle | 9 | 9 | 11 | 12 | 8 | 9 | 10 | 10 | 15 | 13 | 19 | -1,724 |
| Working Capital Days | -403 | -237 | -322 | -455 | -338 | -683 | -648 | -670 | -755 | -945 | -1,173 | -1,713 |
| ROCE % | 16% | 36% | 21% | 5% | 7% | 10% | 12% | 26% | 70% |
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