Dish TV India reported a consolidated net loss of ₹295.74 crore for the second quarter of the fiscal year ending in September 2026, a figure that exceeded the company's operational revenue of ₹292 crore during the same period. According to The Hindu BusinessLine, the widening deficit was primarily driven by a significant increase in total expenses, which rose by 36.74 per cent to ₹590.67 crore. This marks a substantial deterioration from the loss of ₹132.65 crore recorded in the corresponding quarter of the previous year.
Despite the financial shortfall, the broadcaster noted a sequential improvement in its subscriber base. The company added 2.10 lakh active subscribers during the quarter, bringing the total to 75.56 lakh, up from 73.46 lakh at the end of June 2026. This growth reversed a decline of 4.38 lakh subscribers seen in the first quarter of FY27. However, subscription revenue, which constitutes 61.5 per cent of total income, fell by 22.76 per cent to ₹179.5 crore. Marketing and promotional fees also decreased by 8.9 per cent to ₹30.2 crore, while advertisement income saw a slight increase of 4.8 per cent to ₹4.6 crore.
A key driver for revenue diversification was the VZY business, an integrated connected entertainment ecosystem launched by the company. Revenue from the sale of LED and LCD devices under the VZY brand surged manifold to ₹47.6 crore in the September quarter. The Hindu BusinessLine reported that VZY aims to unify live television, over 29 streaming applications, and smart hardware into a single interface. This segment helped offset declines in traditional subscription income, although total income, including all sources, fell by 1.45 per cent year-on-year to ₹294.93 crore.
Manoj Dobhal, the chief executive officer, stated in a report that the company’s priority remains strengthening its core direct-to-home (DTH) business while building a connected entertainment platform. He noted that the quarter focused on improving subscriber engagement and renewal behavior alongside a more disciplined approach to promotional spending. Simultaneously, the company expanded the VZY ecosystem through smart TV business growth and the launch of linear TV streaming services. On the Bombay Stock Exchange, Dish TV India shares traded at ₹2.02, reflecting a 1.94 per cent decline from the previous close.