wordpress blog stats
Connect with us

Hi, what are you looking for?

TIPS Net Profit Up 54%, Film Division PBT At Rs.99.85M

The success of the Ranbir Kapoor, Katrina Kaif starrer Ajab Prem Ki Ghazab Kahani has charged up the quarter for Tips Industries Ltd (TIPS), which registered a 53.5 percent sequential rise in net profits  at Rs. 69.78 million and revenues soared to Rs. 496.54 million in the quarter ended December 2009 compared to the Rs. 94.36 million registered in the previous quarter.

Sales of audio products registered at Rs. 91.66 million, up 37.6 percent year on year but revenues from its film division contributed Rs. 496.8 million with a PBT of Rs. 99.85 million.  The company released the audio of Ajab Prem.. too in the quarter.

Details: Financials

Expenditure Shoots Up

The company has suffered a tenfold increase in expenses in the quarter to Rs. 401 million compared to Rs. 32.69 million recorded in the September 2009 quarter. Cost of production and distribution of films vaulted to Rs. 303.92 million in the quarter at much the same level as the company witnessed in the same quarter last year. Copyright and in-house music costs have fallen to Rs. 8.84 million year on year by 48 percent.

Cost of raw materials is lower at Rs. 2.45 million compared to the Rs. 9 million the company experienced last year. TIPS has spent more on advertising in the quarter – it registered Rs. 60 million in advertising costs. EPS has risen to Rs. 4.03.

Buyback Of Shares

The company’s shareholders have approved the buyback of equity shares not exceeding 25% of the paid up capital and at a price of Rs. 75 through the open market. The time frame for the buyback has not been decided yet.


Q4-09: Tips Posts Net Loss Of Rs.2.5M; Buyback; Artist Management?

You May Also Like


Netflix’s two day StreamFest in December 2020—where users in India could practically watch Netflix’s entire catalogue for free—brought millions of users to the service,...


Media company HT Media Limited posted a consolidated operational revenue of ₹341 crore, which is down 40% YoY and up 31% over the previous...


E-commerce marketplace IndiaMART InterMESH Ltd. reported a 34.5% increase in traffic on a year-on-year (YoY) basis, growing to 253 million in the quarter ended...


HDFC Bank reported a net profit of ₹8,758.3 crore, for the October to December quarter of 2020, up by 18% from ₹7416.5 crore in...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ