Tips Industries reports 81% rise in Q1 net profit
20th Aug 2020

Tips Industries has reported results for first quarter ended June 30, 2020.

The company has reported 81.49% rise in its net profit at Rs 6.08 crore for the quarter under review as compared to Rs 3.35 crore for the same quarter in the previous year. However, total income of the company decreased by 57.90% at Rs 15.64 crore for Q1FY21 as compared Rs 37.15 crore for the corresponding quarter previous year.

Tips Industries is among the leading media companies in India. The core business of TIPS is music promotion. Besides promoting music the company also engaged in film production, film distribution and event management.