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Hot Pursuit News

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(24 Jul 2024, 16:39)

Tips Inds hits 52-week high after Q1 PAT rises 61% YoY to Rs 44 cr

Tips Industries rallied 6.38% to Rs 606.20 after the company’s standalone net profit jumped 61% to Rs 43.6 crore in Q1 FY25 as compared with Rs 27.1 crore in Q1 FY24.


Revenue from operations increased 40% YoY to Rs 73.9 crore in Q1 FY25.

Profit before tax (PBT) stood at Rs 58.32 crore in Q1 FY25, up 60.44% as compared with Rs 36.35 crore in Q1 FY24.

Operating EBTDA stood at Rs 54.4 crore during the quarter, registering the growth of 55% as compared with Rs 35 crore posted in corresponding quarter last year. EBITDA margin stood at 73.6% during the quarter as against 66.6% posted in corresponding quarter last year.

The content cost for the quarter stood at Rs 12.7 crore compared to Rs 12.2 crore in Q1FY24, reflecting an increase of 4% compared to the previous year’s quarter.

Kumar Taurani, chairman & managing director, said, “I am delighted to share with you that the Q1 FY2025 has been remarkable for us. Our revenue for the Quarter stood a...

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