TIPS Industries Doubles Revenues over Two Years

 

  •   TIPS Industries Doubles Revenues over Two Years
  •   Revenue:  186.8 Vs  135.6 ( G: 38% ) 
  • Op. EBITDA % :  54.6% Vs  63.6% 
  •   PAT:  76.5 Vs  64.6 ( Growth:  19% ) 
  • PAT Margin :  41.0% Vs  46.5%  
  •   The content cost for the year was Rs. 62.4 Cr which has risen by 95% over the previous year
  • For FY23 the company released 896 new songs 
  • YouTube subscribers now stand at 82.1 Mn. 
  • For FY23 YouTube views were 112.7 Bn up 89% y-o-y 
  •   Latest releases including PS-1, performed exceptionally well. Two songs of Freddy have crossed 55mn+ views, and the YoYo Honey Singh “Yai Re” has crossed over 35 mn views  
  • Successfully completed buyback of the maximum permissible amount of Rs. 40.1 Cr during the year     
  •   Net cash flows from Operations: 82 Vs 29  
  •   Only listed player to write off 100% of content cost in the quarter of release
  • Debt free company with ₹ 117 cr of cash & investments 
  • 89 Employees (2023) 
  • 75% Revenue through digital platforms     

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