Tata Play’s loss widens 3-fold as DTH takes a hit

Tata Play’s net loss for fiscal 2024 surged more than threefold due to heightened competition in its direct-to-home (DTH) TV distribution business. The company reported a net loss of Rs 354 crore for the fiscal year ended March 31, compared to Rs 105 crore the previous year. Revenue from operations fell by over 4% to Rs 4,304 crore, while expenses rose 1.47% to Rs 4,761 crore. The DTH segment posted a net loss of Rs 247 crore, while the broadband business saw a narrower net loss and a 27% revenue increase.