Small Cap Media Stock Rallies 6841% In 5 Yrs, Dividend Likely On Jan 23; Don't Miss Record Date

Small cap media stock Tips Industries Ltd shares are on investors' watchlist as the company is expected to award its shareholders soon in the form of dividend payment. The Meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, January 23, 2024, to consider and approve the third interim dividend, if any, for the financial year 2023-24. In this meeting, the company will also approve its unaudited Financial Results for the quarter and nine months ended December 31, 2023. The company has fixed February 1, 2024, as the Record Date for reckoning the shareholders who shall be entitled to receive the aforesaid interim dividend, if any.

On January 17, 2024, shares of Tips Industries closed a tad higher at Rs 390.10 per share. At this price, the company has a market cap of Rs 5,009.92 crore.
In October last year, Tips Industries declared a 200% interim dividend for FY24 and has clocked the highest-ever quarterly revenue in Q2FY24.

Tips Industries Record Date:
In an exchange filing on January 16, 2024, the company said, "The Meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, January 23, 2024, to consider and approve the following business matters; Unaudited Financial Results for the quarter and nine months ended December 31, 2023; and declaration of third interim dividend, if any, for the financial year 2023-24."
"It is further informed that in terms of Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Record Date for reckoning the shareholders who shall be entitled to receive the aforesaid interim dividend, if any, so declared, will be Thursday, February 1, 2024," it added.

Tips Industries Q2 Dividend:
In its financial results for the quarter ending September 30, 2023, the company had announced a second interim dividend of Rs. 2/- (i.e. 200%) per equity share. The record date for payment of the second interim dividend has been set by the Board as October 31, 2023. Payout of the interim dividend is scheduled for November 15, 2023, or before.

Tips Industries share price performance:
Tips Industries is a multi-bagger stock if we look at the returns delivered by the stock. In the last one year, returns from shares of Tips Industries have gained 134.45%. The last three year, and the last 5-year returns from the stock have increased by 1037.32% and 6841.28% respectively.
Tips Industries shares have gained 44.83% in the last six months, while it is up 13.58% in the last three months.

Tips Industries Q2 Results:
The company announced its highest-ever quarterly revenue of Rs 60.9 Cr during Q2FY24, a growth of 23% y-o-y from Rs 49.6 Cr in Q2FY23. Revenue for H1 FY24 stood at Rs 113.5 crore, up 35% y-o-y. On the operating level, the company's EBITDA stood at Rs 49.8 Cr in the quarter under review up by 84% YoY from Rs 27.2 Cr in the corresponding quarter of the previous fiscal, while its EBITDA margin reached 81.9% during Q2FY24 as against 54.8% in Q2FY23. Tips Industries said its Q2FY24 net profit reached Rs 39.7 Cr rising 91% YoY from Rs 20.8 Cr in Q2FY23.