Dish Tv India Limited · NSE:DISHTV
Dish Tv India — Q4 FY2026 Earnings Presentation
21 slides from Dish Tv India's earnings presentation, June 2026
Slide 1: Dish TV India Limited Earnings Presentation
Dish TV India Limited Earnings Presentation Year & Quarter Ended March 31, 2026 Stock Code: BSE - 532839 NSE- DISHTV LSE: DTVL 1
Slide 2: Disclaimer
Disclaimer Some of the statements made in this presentation are forward-looking statements and are based on the current beliefs, assumptions, expectations, estimates, objectives and projections of the directors and management of Dish TV India Limited about its business and the industry and markets i
Slide 3: Key highlights for the quarter
Key highlights for the quarter 3
Slide 4: Key financial highlights
Key financial highlights Operating Operating revenues for the quarter were Rs. 2,431 million Revenues EBITDA EBITDA of Rs. (700) million EBITDA EBITDA margin at (28.8)% Margin Debt Maintained debt-free status as on March 31, 2026 4
Slide 5: Business Highlights/ Key Developments
Business Highlights/ Key Developements Strategic Progress: Continues Strategic Progress Across Connected Entertainment Ecosystem Continued strategic transition towards a hybrid entertainment ecosystem spanning DTH, OTT aggregation, connected devices, and Smart TV experiences. Expanded the VZY Sm
Slide 6: Business Outlook
Business Outlook Dish TV India remains focused on: Accelerating transition towards a connected entertainment ecosystem Expanding VZY Smart TV and connected device presence Strengthening OTT aggregation and hybrid viewing capabilities Enhancing consumer engagement and retention initiatives
Slide 7: VZY TV - Launch
VZY TV + — INTRODUCING — ; ae 7 /» if Zone & You. A TRUE SMART TV THAT HAS IT ALL Bestin-Class 4 No Extra Spend on 3 years warranty TVéxperience * pTH/oTT Subscriptions: + and assured buyback* —_— L— EAR ENTERTAINMENT SUBSCRIPTION WORTH RS 10,000 INCLUDED" f VAY surance 3 YEARS WARRANTY & | BUYBACK
Slide 8: VZY TV – Launch/ Connected TV’s growth forecast
VZY TV – Launch/ Connected TV’s growth forecast 137 2023 19 Smart TV penetration 2026 153 estimated to grow to 100 40 MN 183 2030 100 Hybrid consumption and Pay TV +Smart TV Smart TV Bundling opportunities with OTT and broadband PAY TV GROWTH WILL BE LIMITED However, with smart TVs and wired / air b
Slide 9: VZY TV – Market Opportunities
VZY TV –Market Opportunities - TV viewing remains central to family consumption. Immersive content (Sports) still favors TV. - Large FTA / SD cable base and rural markets represent a major conversion opportunity. - Smart TV shipments in India (~2024) are large — meaningful new device-led acquisition
Slide 10: Dish TV maintains debt-free status
Dish TV maintains debt-free status Dish TV India Limited – Outstanding of debt over the years (Rs. million) 35,000 31,539 30,000 27,582 25,000 20,000 17,844 15,000 10,000 8,099 5,000 3,756 725 0 0 0 0 - Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 May-23 Mar-24 Mar-25 Mar-26 Gross debt (Rs. mn) 10
Slide 11: Watcho - OTT aggregation
-OTT aggregation uy a y YOU LOVE WITH Prime: EN 9 dishty”) WaxcHo ‘Amazon Prime BAAGHI6® Our Fault GET 10X ENTERTAINMENT, Dent Watcho. WITH 10X SAVINGS! IN ONE PLAN AT HUGE DISCOUNT C@ | mm caaven | hoychoy | yt a @ | roeranans: | BEB, | sees | rocane coe | 2 | 22 || Ape || sad ‘SAVINGS f Ju@asre WO
Slide 12: Watcho - Downloads so far
Watcho - Downloads so far Cumulative downloads (mn.) 120 100 100 95 90 80 70 60 50 40 20 25 4 - Apr-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 12
Slide 13: 4Q FY26 Financials
> dish tV) 4Q FY26 Financials
Slide 14: Quarterly performance metrics
Quarterly performance metrics P&L structure – 4Q FY26 Subscription revenues Consolidated Revenue Rs. 1,563 million Subscription revenues 19% 2% Marketing and promotional 15% fees 64% Operating revenues Advertisement income Rs. 2,431 million Others EBITDA Consolidated Expenses Rs. (700) million Cost
Slide 15: Summarized consolidated P&L - Quarterly
Summarized consolidated P&L - Quarterly Quarter ended Quarter ended Rs. million March 2026 March 2025 Operating revenues break-up (Rs. Mn.) Operating revenues 2,431 3,437 Expenditure 3,131 2,463 Sales EBITDA (700) 973 Subscription revenues EBITDA margin (%) (28.8) 28.3 60 452 Marketing and promotion
Slide 16: FY26 Financials
> dish tV) FY26 Financials
Slide 17: Annual performance metrics
Annual performance metrics P&L structure – FY26 Subscription revenues Rs. 8,863 million Consolidated Revenue Subscription revenues 2%10% Operating revenues 12% Marketing and promotional fees 76% Advertisement income Rs. 11,626 million Others EBITDA Rs. (69) million Consolidated Expense Cost of goods
Slide 18: Summarized consolidated P&L- Annual
Summarized consolidated P&L- Annual Year Year ended ended Rs. million March 2026 March 2025 Operating revenues break-up (Rs. mn.) Operating revenues 11,626 15,676 Expenditure 11,695 10,385 Sales 1,099 EBITDA (69) 5,291 Subscription revenues EBITDA margin (%) (0.59) 33.8 255 1,410 Marketing and promo
Slide 19: Consolidated balance sheet
Consolidated balance sheet Rs. million March 2026 (Audited) Equity and liabilities Equity (a) Equity share capital 1,841 (b) Other equity (42,267) (c) Non-controlling interest (1) Liabilities (1) Non-current liabilities (a) Financial liabilities (i) Borrowings - (ii) Lease liabilities 120 (iii) Othe
Slide 20: Consolidated balance sheet - Assets
Rs. million March 2026 (Audited) Assets (1) Non-current assets (a) Property, plant & equipment 8,705 (b) Capital work in progress 1,441 (c) Goodwill 1 (d) Other intangible assets 27 (e) Intangible assets under development 605 (f) Financial assets (i) Investments - (ii) Loans - (iii) Other financial
Slide 21: Thank you
> dish tV) Thank you 21