Tips Industries Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
January 23, 2023 at 04:37 am
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Tips Industries Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 509.75 million compared to INR 442.3 million a year ago. Revenue was INR 522.27 million compared to INR 448.89 million a year ago. Net income was INR 201.92 million compared to INR 215.18 million a year ago. Basic earnings per share from continuing operations was INR 1.557 compared to INR 1.659 a year ago.
For the nine months, sales was INR 1,347.66 million compared to INR 1,014.71 million a year ago. Revenue was INR 1,381.92 million compared to INR 1,033.14 million a year ago. Net income was INR 581.96 million compared to INR 486.21 million a year ago. Basic earnings per share from continuing operations was INR 4.487 compared to INR 3.749 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.
TIPS INDUSTRIES LIMITED 
