Dish TV India (DISHTV)₹2.08+2.97%TV Broadcasting & Software Production
In the Jun 2026 quarter (consolidated), Dish TV India reported sales of ₹265 Cr, down 19.1% from Jun 2025, and net profit of −₹287 Cr. For the year to Mar 2026, sales were ₹1,159 Cr and net profit −₹810 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 477 | 468 | 405 | 454 | 395 | 372 | 343 | 328 | 290 | 298 | 242 | 265 |
| Expenses | 283 | 289 | 241 | 290 | 250 | 249 | 245 | 256 | 258 | 340 | 312 | 374 |
| Operating Profit | 196 | 181 | 166 | 165 | 145 | 123 | 97.27 | 73.17 | 32.07 | −42.12 | −70.24 | −109 |
| OPM % | 41.0% | 38.0% | 40.9% | 35.9% | 36.9% | 32.9% | 27.9% | 21.9% | 11.0% | −14.0% | −29.1% | −41.1% |
| Other Income | 6.99 | 3.99 | −398 | 5.99 | 4.99 | 8.99 | −329 | 4.99 | 7.99 | −63.86 | −62.91 | 5.99 |
| Interest | 66.17 | 65.18 | 70.16 | 67.18 | 66.20 | 71.20 | 64.12 | 64.16 | 69.17 | 68.19 | 68.22 | 68.15 |
| Depreciation | 119 | 117 | 115 | 105 | 121 | 107 | 106 | 105 | 104 | 102 | 103 | 116 |
| Profit before tax | 17.98 | 2.99 | −416 | −1.99 | −36.93 | −46.93 | −401 | −91.88 | −133 | −276 | −303 | −285 |
| Tax % | 70.0% | 203.0% | 377.0% | 0.0% | 0.0% | 0.0% | 0.0% | 3.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Exceptional items | 0.00 | 0.00 | 1,114 | 0.00 | 0.00 | 0.00 | −334 | 0.00 | 0.00 | −69.86 | −72.81 | 0.00 |
| Net Profit | 5.02 | −3.01 | −1,996 | −2.01 | −37.11 | −47.16 | −403 | −95.22 | −133 | −277 | −305 | −287 |
| EPS (Rs) | 0.04 | −0.03 | −10.84 | −0.02 | −0.21 | −0.26 | −2.19 | −0.52 | −0.73 | −1.51 | −1.66 | −1.56 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,051 | 3,002 | 4,614 | 6,139 | 3,542 | 3,237 | 2,793 | 2,254 | 1,850 | 1,562 | 1,159 | 1,095 |
| Expenses | 2,027 | 2,038 | 3,298 | 4,098 | 1,434 | 1,196 | 1,141 | 1,252 | 1,093 | 1,036 | 1,166 | 1,284 |
| Operating Profit | 1,028 | 971 | 1,328 | 2,061 | 2,126 | 2,057 | 1,663 | 1,008 | 763 | 530 | −7.02 | −190 |
| OPM % | 34.0% | 31.9% | 29.0% | 32.9% | 60.0% | 62.9% | 58.9% | 43.9% | 40.9% | 33.9% | −0.6% | −17.3% |
| Other Income | 63.90 | 60.92 | 45.95 | −1,518 | −1,912 | −796 | −2,638 | −1,964 | −391 | −309 | −114 | −113 |
| Interest | 209 | 230 | 397 | 630 | 566 | 419 | 326 | 279 | 268 | 270 | 271 | 274 |
| Depreciation | 591 | 691 | 1,073 | 1,443 | 1,428 | 1,533 | 1,072 | 850 | 472 | 439 | 414 | 425 |
| Profit before tax | 290 | 109 | −97.81 | −1,535 | −1,783 | −697 | −2,376 | −2,084 | −368 | −487 | −803 | −997 |
| Tax % | −139.0% | 25.0% | −13.0% | −24.0% | −7.0% | 71.0% | −22.0% | −19.0% | 433.0% | 0.0% | 0.0% | — |
| Exceptional items | 2.99 | 0.99 | −6.98 | −1,539 | −1,924 | −1,307 | −2,691 | −1,997 | −2,004 | −334 | −143 | −143 |
| Net Profit | 694 | 82.23 | −85.20 | −1,167 | −1,660 | −1,192 | −1,872 | −1,690 | −1,972 | −489 | −810 | −1,002 |
| EPS (Rs) | 6.53 | 0.87 | −0.42 | −6.24 | −8.93 | −6.42 | −9.98 | −9.18 | −10.71 | −2.66 | −4.40 | −5.46 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | −8.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 107 | 107 | 107 | 184 | 184 | 184 | 184 | 184 | 184 | 184 | 184 | 184 |
| Reserves | −419 | 273 | 298 | 6,556 | 5,295 | 3,659 | 2,497 | 751 | −971 | −2,934 | −3,417 | −4,218 |
| Borrowings | 1,485 | 1,232 | 1,139 | 3,158 | 2,763 | 1,785 | 814 | 378 | 75.11 | 2.01 | 35.03 | 19.02 |
| Other Liabilities | 1,995 | 2,329 | 2,628 | 5,257 | 6,102 | 5,978 | 5,789 | 5,360 | 5,202 | 5,460 | 5,502 | 5,768 |
| Total Liabilities | 3,168 | 3,941 | 4,172 | 15,155 | 14,345 | 11,605 | 9,282 | 6,674 | 4,490 | 2,711 | 2,304 | 1,753 |
| Fixed Assets | 1,453 | 1,809 | 2,040 | 12,162 | 10,222 | 7,670 | 5,998 | 3,014 | 1,055 | 1,070 | 1,038 | 933 |
| CWIP | 497 | 610 | 580 | 678 | 767 | 1,149 | 947 | 963 | 652 | 352 | 352 | 144 |
| Investments | 200 | 232 | 165 | 150 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 15.99 | 24.99 | 11.99 |
| Other Assets | 1,017 | 1,291 | 1,387 | 2,165 | 3,355 | 2,787 | 2,336 | 2,697 | 2,783 | 1,274 | 889 | 665 |
| Inventories | 9.96 | 12.97 | 12.96 | 37.91 | 24.93 | 21.94 | 20.94 | 9.98 | 12.97 | 10.97 | 8.97 | 22.93 |
| Trade receivables | 63.76 | 71.76 | 86.61 | 145 | 140 | 86.62 | 92.57 | 79.68 | 91.67 | 65.69 | 79.62 | 64.74 |
| Cash & equivalents | 430 | 340 | 293 | 564 | 171 | 146 | 155 | 182 | 181 | 171 | 160 | 146 |
| Total Assets | 3,168 | 3,941 | 4,172 | 15,155 | 14,345 | 11,605 | 9,282 | 6,674 | 4,490 | 2,711 | 2,304 | 1,753 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 767 | 1,132 | 822 | 1,036 | 1,090 | 2,204 | 1,574 | 1,143 | 668 | 677 | 410 | 71.03 |
| Cash from investing activity | −667 | −806 | −623 | −491 | −451 | −922 | −479 | −667 | −340 | −592 | −376 | −50.82 |
| Cash from financing activity | −35.91 | −351 | −115 | −413 | −848 | −1,255 | −1,110 | −493 | −327 | −87.87 | −26.94 | −28.94 |
| Net cash flow | 61.01 | −28.98 | 81.94 | 129 | −210 | 20.99 | −19.01 | −20.99 | −0.99 | −7.01 | 6.01 | −8.99 |
| Capex | 706 | 907 | 862 | 837 | 831 | 1,003 | 459 | 633 | 355 | 590 | 400 | 93.94 |
| Free cash flow | 61.96 | 224 | −40.95 | 201 | 257 | 1,209 | 1,114 | 506 | 313 | 84.85 | 10.98 | −21.98 |
| CFO / OP % | 105.9% | 112.0% | 97.9% | 81.9% | 55.0% | 105.0% | 75.9% | 66.0% | 70.9% | 93.9% | 77.9% | −1,035.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 9 | 9 | 11 | 12 | 8 | 9 | 10 | 10 | 15 | 13 | 19 | 20 |
| Inventory days | — | — | — | — | — | — | — | — | — | — | — | 103 |
| Days payable | — | — | — | — | — | — | — | — | — | — | — | 1,848 |
| Cash conversion cycle | 10 | 10 | 12 | 13 | 9 | 10 | 11 | 11 | 16 | 14 | 20 | −1,723 |
| Working capital days | −403 | −237 | −322 | −455 | −338 | −683 | −648 | −670 | −755 | −945 | −1,173 | −1,713 |
| ROCE % | 16.1% | 36.0% | 21.0% | 5.0% | 7.0% | 10.0% | 12.0% | 26.1% | 70.1% | — | — | — |
For the Jun 2026 quarter, Dish TV India reported sales of ₹265 Cr, down 19.1% year on year and net profit of −₹287 Cr. The operating margin was −41.1%.
Dish TV India's sales for the year to Mar 2026 were ₹1,159 Cr; over the last twelve months they were ₹1,095 Cr.
Net profit for the year to Mar 2026 was −₹810 Cr, and −₹1,002 Cr over the last twelve months. Earnings per share over the same trailing period were ₹−5.46.
Dish TV India reported borrowings of ₹19.02 Cr at Mar 2026, against cash and equivalents of ₹146 Cr.
Cash from operations was ₹71.03 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹21.98 Cr.