| Metric | Value (₹ Cr) | Q3 FY26 | Q4 FY25 |
|---|---|---|---|
| Revenue | 243.07 | 18.7% | 29.3% |
| Total Income | 253.87 | 16.7% | 27.5% |
| Expenditure | 484.34 | 5.2% | 16.1% |
| PBT | -303.95 | 10.0% | 24.4% |
| Net Profit | -303.95 | 10.0% | 24.4% |
| OPM | -59.04% | 21.74pp | 10.23pp |
| NPM | — | ||
| EPS | 1.58 | 9.7% | 24.4% |
Dish TV India FY26: Revenue ₹11,626M, EBITDA ₹(69)M
26 May 2026 · 26 May, 6:22 pm
Summary
Dish TV India Limited announced its audited consolidated financial results for the fourth quarter and full financial year ended March 31, 2026, reporting operating revenues of ₹2,431 million and ₹11,626 million respectively. The company recorded an EBITDA loss of ₹(700) million for Q4 FY26 and ₹(69) million for the full year, indicating challenging operating conditions. Profit/(Loss) before exceptional items and tax was ₹(2,305) million for the quarter and ₹(6,612) million for the full year. Management highlighted strategic progress in expanding the VZY Smart TV portfolio and strengthening the hybrid entertainment ecosystem despite macroeconomic factors and intense competition.
Key Highlights
- 1
Dish TV India reported operating revenues of ₹2,431 million for the fourth quarter of FY26 and ₹11,626 million for the full financial year.
- 2
The company recorded an EBITDA loss of ₹(700) million for Q4 FY26, resulting in an EBITDA margin of (28.81)%.
- 3
For the full financial year 2026, EBITDA stood at ₹(69) million, with an EBITDA margin of (0.59)%.
- 4
Loss before exceptional items and tax for Q4 FY26 was ₹(2,305) million, while the full year loss amounted to ₹(6,612) million.
- 5
VZY Smart TV sales reached a significant milestone, crossing ₹100 crore, indicating growth in the connected entertainment business.
- 6
Strategic progress continued with the expansion of the VZY Smart TV portfolio and successful conclusion of Content India 2026, engaging over 700 delegates.
Management Comments
Manoj Dobhal
Consumer viewing preferences continue to evolve towards more connected and integrated entertainment experiences across screens and platforms. During the quarter, we continued making strategic progress through the expansion of our VZY Smart TV portfolio, stronger industry engagement through Content India 2026, and consumer-focused initiatives like our ‘Always-On’ campaign. Our long-term focus remains on building a future-ready hybrid entertainment ecosystem through platform diversification, connected entertainment experiences, operational discipline, and strategic partnerships.
Informational and educational content only. Not investment advice.