Dish TV reports Q4 net loss at Rs 1,720.62 cr, revenue down to Rs 504.8 cr

Direct-to-home firm Dish TV India Ltd has reported a consolidated net loss of Rs 1,720.62 crore for the fourth quarter that ended on March 31, 2023, mainly on account of impairments and deferred tax liability.

The company had reported a net loss of Rs 2,031.99 crore in the January-March quarter a year ago, Dish TV said in a BSE filing.

Its revenue from the operation was down 21.45 per cent to Rs 504.82 crore during the quarter under review as against Rs 642.70 crore of the corresponding quarter.

In the March quarter, Dish TV's loss before exceptional items and tax was at Rs 233.73 crore.

Its losses under exceptional items were at Rs 1,907.61 crore.

During the quarter, Dish TV has to go for impairment of Rs 280 crore for assets under development, Rs 110.5 crore for brand, Rs 567.87 crore for customer and distribution relationship and Rs 328 crore for property, plant and equipment.

Besides it had also an impairment of goodwill of Rs 621.09 crore of its Goodwill and Intangible asset