The share price of the leading Company in the Media & Entertainment Industry gained 10% to a 52-week high price of ₹421.40 apiece on Wednesday after the company reported strong December quarter results.
On Wednesday, Tips Industries Lt shares closed at ₹415 per share, up 8.48 percent from the previous close price on the exchange. The company has a market capitalization of ₹5,336 crore.
Tips Industries Ltd increased its net profit by 74% year on year, from ₹20 crores in Q3FY23 to ₹34.7 crores in Q3FY24. During the same time frame, revenue jumped by 27% from ₹51 crores to ₹64.8 crore.
In comparison to the previous quarter, operational revenue has increased by 6.5 percent from ₹61 crores in Q2FY24 to ₹65 crores in Q3FY24, Further net profit decreased by 12 percent from ₹39.6 crore to ₹34.7 crores. The company reported in its exchange filing.
Tips Industries Ltd shares have gained 42 percent in the last six months and a multibagger return of 162 percent in a year.
Tips Industries Limited is engaged in the business of Production and Distribution of Motion Pictures and the acquisition and exploitation of Music Rights. The co is also a leading producer of Punjabi films in the country.
The company earns 100% of its revenue from License fees. 75% of the revenue is from digital platforms, wherein 45-50% is through YouTube, and the remaining 25-30% is through other digital platforms. The remaining 25% is generated through TV and public performances.
In FY23, The company received 27% revenue from Domestic clients while 73% revenue from international clients. The company distributes its products in South Africa, Israel, and Malaysia.
According to the recent shareholding pattern, the company promoters hold 68.92 percent of the company, Total institutional investors hold 1.76 percent of the company and retail investors hold a 29.32 percent stake.
Written by Omkar Chitnis
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