10 July 2018 After witnessing a weak performance over the last few quarters, Dish TV (DITV) post its merger with Videocon rebounded strongly in 1QFY19. Subscription revenue grew 8% QoQ to INR14.9b, driven by steady 7% QoQ ARPU growth, leading to 8% QoQ growth in consol. EBITDA grew by a robust 39% QoQ to INR5.6b (27% beat), led by revenue growth and 3% QoQ opex savings. merger one-off costs of INR0.6b in 4QFY18) rose 21% QoQ. EBITDA margin expanded 750bp QoQ to 33.6%.