Dish TV India reported a net loss of Rs 76.21 crore for the quarter ended December 31, 2009 against a net loss of Rs 118.05 crore in the same period last year.

Total income of the firm stood at Rs 277.46 crore for the third quarter against Rs 192.79 crore in the same period previous fiscal. The net sales of the firm rose to Rs 277.2 crore for the quarter against Rs 257.3 crore quarter to quarter.

The company's trailing 12-month EPS was at Rs -4.12 per share. The losses suffered are about Rs 20-30 crore lower than the street estimates. EBITDA for the quarter was Rs 12 crore against Rs 23 crore in the last quarter.

Jawahar Goel, MD of Dish TV expressed that the firm is expecting future growth from new launches. He cited extra expenditure of Rs12 crore on marketing and cost of sales and distribution of around Rs 5 crore as reason for lower EBITDA in the quarter. He said that the company added 1.5 lakh subscribers in the period.

He said the total market share of the company is 35%. The company is working on about 20 new products for customer delight. The company has raised about USD 100 million via a GDR and debt of Rs 800 crore which is yet to become due.

"The company has adopted amended provision of accounting standard related to the effect of change in foreign currency exchange rates. Therefore, the results for the quarter and nine month ended December 31, are not comparable,'' said the company filing to the BSE.