TIPS Industries Q1FY24 Results: Consolidated PAT of Rs. 27.10 Cr

TIPS Industries Q1FY24 Results: Consolidated PAT of Rs. 27.10 Cr

TIPS Industries Q1 results show revenue up from 53.94 crores to 54.65 crores, a 1.31% increase in growth. EPS rise from ₹1.42 to ₹2.11, up by 48.59%.

First, Let’s Begin with Quarter-on-Quarter Basis:

TIPS Industries shared its Q1 results on Tuesday. They earned 54.65 crores in revenue this quarter, but that’s more than the 53.94 crores they made last quarter. The company’s growth increased by 1.31 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 27.10 crores, up from 18.32 crores in the previous quarter. Their quarter-to-quarter growth increased by 47.88 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹2.11, which is an increase of 48.59% from the ₹1.42 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 54.65 crores this year (2023), which is 54.99 percent higher than last year’s total revenue of 35.26 crores.

This year’s PAT (Profit After Tax) is 27.10 crores, which is also 57.76% higher than last year’s PAT of 17.17 crores.

The EPS (Earnings Per Share) for this year is ₹2.11, which is 59.85% more than the EPS of ₹1.32 earned last year.

Also Read: KPIT Technologies Q1FY24 Results: Consolidated PAT of Rs. 133.99 Cr

TIPS Industries Share Dividend Announcement / Record Date:

The Board of Directors has declared an Interim Dividend of ₹1 per Equity Share of Face Value of ₹1 each of the Company.

The record date for the dividend has not arrived yet.

About TIPS Industries:

Tips Industries Limited, located in Mumbai, Maharashtra, India, is a prominent music record label, film production, promotion, and distribution company. Established in 1975 by Kumar S. Taurani and Ramesh S. Taurani, the company’s distribution network spans over 1,000 wholesalers and 400,000 retailers nationwide in India.

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