wordpress blog stats
Connect with us

Hi, what are you looking for?

Tips Industries’ revenue from operation down 31% YoY to Rs 47 crore in FY17

Film and music production and distribution company Tips Industries Ltd (TIPS) has reported a total revenue of Rs 66.41 crore for the financial year ended March 31, 2017 (FY17), down 7.11% year-on-year (YoY) from Rs 71.50 crore in FY16. While revenue from operations stood at Rs 47.01 crore for FY17, down 31.31% YoY from Rs 68.44 crore in FY16.

The company posted a net profit of Rs 3.44 crore in FY17, an increase of 13.53% YoY from a profit of Rs 3.03 crore in FY16.

Tips Industries posted revenue of Rs 24.76 crore for the quarter ended March 31, 2017 (Q4 FY17), almost double the Rs 12.85 crore revenue reported in Q3 FY17, but down 29.5% from the corresponding quarter in the previous year. The company reported a net profit of Rs 0.63 crore for Q4 FY17, down 54% from a profit of Rs 1.37 crore in the previous quarter, and almost three times the Rs 0.21 crore profit posted in the corresponding quarter in the previous year.

Audio products: Audio Products division reported revenue of Rs 31.95 crore for FY17, a significant downturn of 30.7% from Rs 46.1 crore in FY16. The segment posted PBIT of Rs 27.74 crore in FY17, down 28.44% from Rs 38.77 crore in FY16.

The audio products segment posted revenue of Rs 10.17 crore for Q4 FY17, up 67% from Rs 6.09 crore in Q3 FY17, and down 45% from Rs 18.52 crore in Q4 FY16. The segment posted a profit of Rs 9.15 crore for Q4 FY17, up 80.5% from Rs 5.07 crore in Q3 FY17, and down 36.63% from Rs 14.44 crore in Q4 FY16.

Advertisement. Scroll to continue reading.

Film distribution and production: Film distribution and production division posted revenue of Rs 15.06 crore in FY17, down 32.58% from Rs 22.34 crore in FY16. The segment reported a loss (before Interest and Tax) of Rs 20.53 crore in FY17, as compared to a loss of Rs 13.5 crore in FY16.

The film distribution and production segment reported revenue of Rs 2.24 crore for Q4 FY17, up 86.7% from Rs 1.20 crore in Q3 FY17, but significantly less from Rs 14.84 crore revenue in Q4 FY16. The segment posted a loss of Rs 15.82 crore in Q4 FY17.

Download: Financials (pdf)

Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...

News

There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data

News

Existing consumer protection regulations are not sufficient to cover the extent of protection that a crypto-investor would require.

News

The Delhi High Court should quash the government's order to block Tanul Thakur's website in light of the Shreya Singhal verdict by the Supreme...

News

Releasing the policy is akin to putting the proverbial 'cart before the horse'.

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

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

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ