Videocon d2h aims for 40% growth this tax year
| 09 September 2015
Indian direct-to-home (DTH) operator Videocon d2h is eying EBITDA in the range of INR8.2 billion (US$123.57 million) to INR8.6 billion ($129.54 million) in the fiscal year ending 31 March 2016.
The figures translate to around 35% to 40% growth over EMBITDA in the previous fiscal year for the satellite TV operator.
"We are pleased to provide strong EBITDA growth guidance for fiscal year 2016. This is driven by strong subscriber growth momentum, improving ARPU and further benefit of operating leverage," said Saurabh Dhoot, executive chairman, Videocon d2h.
"We remain excited about our long-term subscriber growth prospects as a result of the government mandated move to digitalisation. We have positioned ourselves to take advantage of the 100 million subscriber homes opportunity for the industry over the next four to five years."
Videocon d2h maintains its current first half of the fiscal year ending 31 March 2016 guidance of 25% to 30% period-on-period growth of EBITDA, and is guiding towards 40% to 45% period-on-period growth in the second half of the fiscal year ending 31 March 2016.
The news follows the recent announcement from the DTH operator that it is to raise its monthly subscription fees to increase average revenue per user.