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The company’s revenue from operations fell 21% to ₹373 crore against ₹472.3 crore in Q3FY24. At the operating level, EBITDA tanked 32.8% to ₹122.6 crore in the third quarter of this fiscal over ₹182.5 crore in the year-ago quarter.
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The EBITDA margin stood at 32.9% YoY in the reporting quarter compared to 38.6%. EBITDA is earnings before interest, tax, depreciation, and amortisation.Last year in December, shareholders of Dish TV rejected the proposal to appoint two independent directors to the board of direct-to-home service providers. Two special resolutions for the appointment of two independent directors, Amit Singhal and Parag Agarawal, could not get the required support from the shareholders in the postal ballot, the company said while sharing the scrutiniser’s report to bourses.
“We report that Special Resolutions in connection with Item Nos 1 and 2 (for appointment of Amit Singhal and Parag Agarawal) mentioned… in the Postal Ballot Notice, proposed to the Members of Dish TV India Limited did not receive the requisite majority of votes in favour and thus both the Special resolutions were rejected by shareholders,” it added.
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The results came after the close of the market hours. Shares of Dish TV India Ltd ended at ₹7.35, down by ₹0.40, or 5.16%, on the BSE.
(Edited by : Shoma bhattacharjee)
First Published: Feb 14, 2025 6:53 PM IS
