TIPS INDUSTRIES LTD. - 532375 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper Advertisement30-04-2024
30-04-2024
TIPS INDUSTRIES LTD. - 532375 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Audio of the Earnings Call29-04-2024
Q4FY24 Quarterly & FY24 Annual Result Announced for Tips Industries Ltd.
Movies and Entertainment company Tips Industries announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Quarterly Revenue Growth: TIPS Industries reported revenues of Rs 63.3 crore in Q4FY24, marking a YoY increase of 22%. Quarterly Operating EBITDA: Registered at Rs 30.2 crore in Q4FY24, with a growth of 14% over the same quarter the previous year. Quarterly Profit After Tax (PAT): Recorded a significant rise of 41%, amounting to Rs 25.8 crore for Q4 FY24. FY24 Financial Highlights: Annual Revenue Growth: For Fiscal Year FY24, revenue stood at Rs 241.6 crore, up by 29% compared to the previous fiscal year. Annual Operating EBITDA: The company saw an increase of 55%, with a figure of Rs 158.5 crore for FY24. Annual Profit After Tax (PAT): TIPS Industries saw an impressive increase of 66% in PAT, totaling Rs 127.2 crore for FY24. Content Costs and Releases: - The content cost for Q4FY24 was Rs 23.9 crore, and Rs 55.6 crore for the full fiscal year. - TIPS released 179 new songs in the fourth quarter, with 123 being film songs and 56 non-film songs. Dividends and Share Buyback: - The company announced a dividend of Rs 6 per share for FY24, with a payout ratio standing at 60.6%. - A share buyback program at Rs 625 per share was also initiated, with no participation from the promoters. Commenting on the Results, Kumar Taurani – Chairman & Managing Director said, “I am pleased to announce that the year 2023-24 marked substantial growth for us, with revenues soaring by 29% YoY to Rs 242 crore. Profits witnessed a remarkable surge, jumping by 66% YoY to Rs 127 crore, a testament to our strategic initiatives and operational efficiency. In Q4FY24, we released 179 new songs, comprising 123 Film and 56 Non-Film songs, underscoring our commitment to diverse and engaging content. Notably, "Choli ke Peeche", "Naina", and "Ghagra" from Crew emerged as Top 10 Trending songs across major platforms, reflecting our ability to resonate with audiences. Our song "Dil Laga Liya" from the film "Dil Hai Tumhara" surpassed 1 billion views on YouTube, a significant achievement that underscores the enduring popularity of our catalog music. Our focus remains steadfast on selectively acquiring quality music rights, reflecting our commitment to delivering exceptional content experiences. Looking ahead to FY25, we anticipate a potential increase in content investment, contingent upon factors such as the availability of quality music and the release calendar of films. In our commitment to enhance shareholder value, during the year we distributed a total dividend of Rs 6 per share and the Board of Directors also announced a buyback of shares at Rs 625 per share, in which the promoters have decided to abstain from participating." Result PDF29-04-2024
TIPS INDUSTRIES LTD. - 532375 - Announcement under Regulation 30 (LODR)-Investor Presentation
Investor Presentation29-04-2024
TIPS INDUSTRIES LTD. - 532375 - Board Meeting Outcome for Outcome Of Board Meeting
Outcome of Board Meeting29-04-2024
TIPS INDUSTRIES LTD. - 532375 - Audited Financials Results - March 31, 2024
Audited Financial Results - March 31, 202429-04-2024
TIPS INDUSTRIES LTD. - 532375 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper Advertisement - Notice to eligible shareholder in regard to Buy back of Equity Shares.25-04-2024
TIPS INDUSTRIES LTD. - 532375 - Letter of Offer
Inga Ventures Pvt Ltd ("Manager to the Buyback") has submitted to BSE a copy of Letter of Offer to the Equity Shareholders / Beneficial owners of Equity Shares of Tips Industries Ltd ("Company").25-04-2024