| Metric | Value (₹ Cr) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 299.05 | 2.7% | 19.8% |
| Total Income | 304.72 | 1.8% | 20.2% |
| Expenditure | 510.95 | 18.3% | 279.2% |
| PBT | -276.23 | 108.2% | 493.5% |
| Net Profit | -276.23 | 108.2% | 493.5% |
| OPM | -37.30% | 48.24pp | 25.36pp |
| NPM | -90.65% | 46.32pp | 78.47pp |
| EPS | 1.44 | 108.7% | 700.0% |
Dish TV India Ltd Reports Q3 FY26 Results, Transitions to a Connected-Home Platform
06 Feb 2026 · 6 Feb, 6:03 pm
Summary
Dish TV India Ltd reported its Q3 FY26 results, highlighting its transition from a traditional DTH operator to a connected-home platform. The company is integrating live TV, OTT, and smart features to meet evolving consumer preferences. Subscriber additions were in line with industry trends, while churn reflected broader market dynamics. Operating revenues were INR 2,991 million, with subscription revenues at INR 2,245 million. The company is focusing on retention through bundled offerings, connected devices, and value-added services.
Key Highlights
- 1
Expanded VZY Smart TVs nationwide, offering a unified DTH + OTT experience
- 2
Integrated Amazon Prime Video across DishTV, Watcho, and VZY Smart TVs
- 3
Scaled Watcho Super App with millions of downloads and paid subscribers
- 4
Strengthened FLIQS as a creator-driven platform for premium regional and international content
- 5
Enhanced brand visibility through high-profile partnerships with Bigg Boss Hindi and Bigg Boss Kannada
- 6
Improving asset discipline: Box recovery beyond 30 days is trending up
- 7
Cost optimization: Renegotiated transponder contracts and active expense rationalization across call centers and G&A are delivering meaningful savings
- 8
Customer focus: Churn remains a priority; we are intensifying retention programs and lifecycle engagement to stabilize recurring revenue
Management Comments
Manoj Dobhal
CEO & Executive Director
The Indian home entertainment market is undergoing a structural shift, and Dish TV is actively repositioning itself to remain relevant and competitive. Our hybrid offerings integrate live TV, OTT, and smart features into a single ecosystem, improving consumer convenience and engagement. With deeper OTT integration, the scaling of Watcho, creator monetization through FLIQS, and high-impact content partnerships, we are laying the foundation for a diversified, future-ready entertainment platform. These initiatives are expected to strengthen our value proposition and drive long-term sustainability.
Informational and educational content only. Not investment advice.