Tips Industries Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
April 29, 2024 at 01:34 pm IST
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Tips Industries Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 632.56 million compared to INR 520.16 million a year ago. Revenue was INR 685.86 million compared to INR 539.46 million a year ago. Net income was INR 257.64 million compared to INR 183.26 million a year ago. Basic earnings per share from continuing operations was INR 2.01 compared to INR 1.42 a year ago. Diluted earnings per share from continuing operations was INR 2.01 compared to INR 1.42 a year ago.
For the full year, sales was INR 2,415.81 million compared to INR 1,867.81 million a year ago. Revenue was INR 2,559.58 million compared to INR 1,921.38 million a year ago. Net income was INR 1,271.67 million compared to INR 765.22 million a year ago. Basic earnings per share from continuing operations was INR 9.9 compared to INR 5.91 a year ago. Diluted earnings per share from continuing operations was INR 9.9 compared to INR 5.91 a year ago.
Tips Industries Limited is an India-based media and entertainment company. The Company is engaged in the business of production and distribution of motion pictures and acquisition and exploitation of music rights. It operates through Music (Audio/Video) segment. In addition, the Company produces Punjabi films. The Company's films include jihne mera dil luteya, prince, toh baat pakki, ishq vishk, kya yehi pyaar hai, dil apna punjabi, kismet connection, race, and naqaab, among others. The Company has a range of catalogs of film, non-film, devotional, pop and remixes in Hindi, Punjabi, Gujarati, Bhojpuri and other languages, which straddle all genres of Indian music. The Company's diversified music library has a collection of approximately 30,000 songs across all genres and languages. It has presence across global digital platforms, such as YouTube, Spotify, Jio Saavn, Resso, Apple Music, and Amazon Prime. Its music albums include Rola Karvavegi, Majhe Ki Ya Manache, Zeher, and others.