Small Cap Media Stock To Approve Q2 Result, Dividend; Rallies 5004.50% In 5-Yrs

Small cap stock operating in media and entertainment sector, Tips Industries Ltd shares witnessed a decline of 3.29% on October 13, 2023 to end at Rs 317.50 per share. Earlier, Tips Industries announced that the board of directors of the company will meet on October 18, 2023 to consider and approve financial results and interim dividend, if any. Tips Industries stock saw a surge of 91% in last 6-months. Check details below:

Tips Industries To Announce Quarterly Results, Interim Dividend: According to the BSE filing of the company dated October 10, 2023, "Pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, October 18, 2023 to consider and approve the following business matters;

1. Unaudited Financial Results for the quarter and half year ended September 30, 2023.

2. Declaration of second interim dividend, if any, for the financial year 2023-24."

Tips Industries Stock Outlook & Return: Last trading price of Tips Industries stock on BSE is Rs 317.50 per share with intraday fall of 3.29%. Its 52-week high price is Rs 343.75 per share and 52-week low price is Rs 143.35 per share, respectively. The company's market capitalisation is Rs 4077.54 crore. Tips Industries stock witnessed a rally of 91% in last 6-months, soared 83% YTD, offered a rally of 105.6% in last 1-year, and gained 145% in last 2-years. In last 3-years, Tips Industries stock surged 1114% and rose 5004.50% in last 5-years.

Tips Industries Financials: The company for the quarter ended June 30, 2023 announced its net sales at Rs 52.62 crore, up 53.73% as against Rs 34.23 crore in June 2022. Its quarterly net profit declared at Rs 27.10 crore in June 2023, up 57.76% as compared to Rs 17.18 crore in June 2022. The EBITDA stood at Rs 37.04 crore in June 2023, up 57.75% as against Rs 23.48 crore in June 2022.

Tips Industries About: It operates in the media and entertainment sector. Tips Industries is engaged in the business of production and distribution of motion pictures. Tips today owns 3,500 titles of which a minimum of 10 have been 10 million sellers, and over 15 have grossed more than 5 millions in sales and another 20 have bagged sales of about a million. Since the year 1981, Tips has the highest number of gold and platinum discs to their credit in comparison with any other record label in India. Tips also holds soundtrack copyrights of at least 50 Hindi movies, while the soundtrack copyright of each movie costs about a million dollars and another million dollars is spent on promotion, according to its official website.

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