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Tips Industries Ltd Q1FY24; 59% rise in Profits

Tips Industries Limited, incorporated in 1996, is engaged in the business of Production and Distribution of motion Pictures and acquisition and exploitation of Music of Rights. The company is also a leading producer of Punjabi films in the country.

Financial Results:

Tips Industries Ltd reported Revenues for Q1FY24 of ₹53.00 Crores up from ₹34.00 Crore year on year, a rise of 55.88%.

Total Expenses for Q1FY24 of ₹19.00 Crores up from ₹12.00 Crores year on year, a rise of 58.33%.

Consolidated Net Profit of ₹27.00 Crores up 58.82% from ₹17.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹2.11, up 59.85% from ₹1.32 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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