Tata Play's loss widens three-fold as DTH takes a hit
SUBSCRIBE
JOBS
Custom Image
Go Back
4 weeks ago 02:00:53pm Television

Tata Play’s loss widens three-fold as DTH takes a hit

New Delhi,25-June-2024, By IBW Team

Tata Play

Tata Play, India’s largest direct-to-home (DTH) TV operator, reported a significant financial setback for the fiscal year 2024, with losses ballooning over three-fold due to increased competitive pressures in its core DTH business.

According to the company’s regulatory filings, Tata Play posted a net loss of ₹354 crore for the fiscal year ended March 31, compared to ₹105 crore the previous year. Revenue from operations dropped by more than 4 percent to ₹4,304 crore, while expenses rose by 1.47 percent to ₹4,761 crore.

The DTH segment, which has been the cornerstone of Tata Play’s business, reported a net loss of ₹247 crore in FY24, a stark contrast to the net profit of ₹20 crore in FY23. Revenue from the DTH segment fell 7.45 percent to ₹3,983 crore, The Economic Times reported.

Despite these challenges, Tata Play’s broadband business showed signs of improvement. The net loss in this segment narrowed by 13 percent to ₹108 crore, while revenue surged 27 percent to ₹329 crore.


Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

Our Events

  • img
    SatCab Symposium

    SatCab symposium organized by Aavishkar Media Group is an annual event. It's a well-informed event where we have a panel discussion on the current affairs and future forecasting on our industry.

  • img
    BCS
    Ratna Awards

    BCS Ratna Award organized by Aavishkar Media Group is an annual event. In this award function, a community of our industry is honored by receiving the award for the contribution of their work.

  • img
    Chetna Yatra

    Chetna Yatra organized by Aavishkar Media Group is an annual event. Held by Dr. AK Rastogi, Chairman of Aavishkar Media Group. Pilgrimage India in his car for connecting the people of our industry.

  • img
    Imaan India Sammaan

    Imaan India Samman is an event mobilized by Aavishkar Media Group, which was launched in 2012. Giving the award to the NGOs for giving their contribution to society.

Youtube Videos