Dish TV Loss Widens to 295.74 Crore Rupees as Expenses Surge

Key Facts

Dish TV India reported a consolidated net loss of 295.74 crore rupees in the September quarter of FY27, compared with a loss of 132.65 crore rupees in the year-earlier period, PTI reported, citing the company’s results. The loss widened despite operating revenue remaining broadly stable at around 292 crore rupees, compared with 291 crore rupees a year earlier. Total expenses, meanwhile, rose 36.74% year on year to 590.67 crore rupees. The figures show the gap between revenue and expenses widening during the quarter, as the company’s largest source of income declined. The results also came as subscription revenue fell; subscriptions account for the largest share of Dish TV’s revenue.

Subscription revenue was 179.5 crore rupees, down 22.76% during the quarter, and accounted for 61.5% of the company’s total revenue, PTI reported. The decline weighs on the company’s core business, even as overall operating revenue remained close to its year-earlier level. Other revenue sources offset some of the weakness in subscriptions, but the available figures do not erase the impact of the contraction in this key component. The comparison between subscriptions’ share and operating revenue highlights how heavily results depend on the performance of the customer base. At the same time, near-stable operating revenue did not prevent the net loss from widening, with total expenses rising to 590.67 crore rupees.

Among other sources of income, marketing and promotional fees fell 8.9% to 30.2 crore rupees in the quarter. Advertising income rose 4.8% to 4.6 crore rupees, according to results data cited by PTI. Revenue from sales of LED/LCD television sets under the VZY business was 47.6 crore rupees in the second quarter of FY27. PTI described this revenue as having risen several times, without a year-on-year comparison figure in the available information. The figures show the contribution of the devices business to the revenue mix alongside the decline in subscriptions, while overall operating revenue remained at around 292 crore rupees.

Chief Executive Manoj Dobhal said the company continued to expand the VZY ecosystem through growth in its smart-TV business and the launch of linear television streaming over the internet. His remarks came as LED/LCD device sales generated revenue of 47.6 crore rupees in the quarter, PTI reported. This points to the company’s efforts to develop activities linked to smart TVs and streaming alongside a contraction in subscription revenue. Dobhal said: "At the same time, we continued to expand the VZY ecosystem through growth in our smart-TV business and the launch of linear television streaming over the internet." The available information did not provide additional figures on streaming services’ performance or the company’s targets for coming periods.

In trading on November 13, 2026, Dish TV shares were at around 2.02 rupees on the BSE, down 1.94% from the previous close, PTI reported. The share move on that trading day followed the release of September-quarter results, which showed the annual loss widening to 295.74 crore rupees. This coincided with a 36.74% rise in total expenses, while operating revenue remained close to its year-earlier level. On the operating side, subscription revenue stood at 179.5 crore rupees, down 22.76%, while LED/LCD sales under VZY generated revenue of 47.6 crore rupees. The available information did not include a specific date for the next results announcement.