TIPS Industries Reports Blockbuster Performance,PAT growth of 66% YOY !!

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Key Financial Performance

Particulate (₹ Cr)Q4 FY24Q4 FY23Y-o-YQ3 FY24Q-o-QFY24FY23Y-o-Y
Revenue from Operations63.352.022%64.8-2%241.6186.829%
Op. EBITDA30.226.414%43.4-30%158.5101.955%
Op. EBITDA %47.7%50.7%67.0%65.6%54.6%
Op. EBIT35.027.925%46.4-25%170.9105.961%
PAT25.818.341%34.7-26%127.276.5266%
PAT Margin40.7%35.2%53.5%52.6%41.0%

Key Highlights:

  • ✔  Reports stellar quarterly revenue growth with revenues of ₹ 63.3 Cr, reflecting a y-o-y growth of 22%. Revenue for FY24 stood at ₹ 241.6 cr up 29% y-o-y
  • ✔  The content cost for the quarter stood at ₹ 23.9 Cr compared to ₹ 19.0 Cr in Q4FY23. The Content cost for FY24 stood at ₹ 55.6 Cr.
  • ✔  For Q4FY24 the company released 179 new songs. Out of 179 new songs, 123 were new film songs and 56 Non-Film songs. Key releases during the last quarter “Choli ke Peeche”, “Naina” and “Ghagra” from Crew were amongst Top 10 Trending songs across major platforms. Our song Dil Laga Liya from the film Dil Hai Tumhara crossed 1bn views on YouTube.
  • ✔  YouTube subscribers now stand at 97 Mn. For Q4FY24 YouTube views were 47.8 Bn up 42% y-o-y
  • ✔  The dividend for FY24 stood at ₹ 6 per share taking the dividend payout ratio to 60.6%. As a part of our ongoing efforts to reward our shareholders the Board of Directors has announced buyback at Rs. 625 per share, in which the promoters will not be participating.

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