BENGALURU: Tips Industries Limited’s film distribution and production segment has reported operating profit of Rs 7.14 crore in Q3-2014, after losses in the first two quarters, helping the company report a net profit of Rs 6.38 crore in the third quarter.
The film segment had last reported operating profit of Rs 13.95 crore in Q4-2013. In Q2-2014, the film segment reported operating loss of Rs 19.6 crore, which completely wiped the operating profit generated by Tips Audio segment and resulted in a net loss of Rs 22.32 crore for the company.
In Q3-2013, the film segment had reported operating loss of Rs 2.08 crore, while the company had reported a PAT of Rs 0.63 crore.
The company’s audio products segment also reported operating profit of Rs 5.47 crore in the current quarter, which was 17.6 per cent lower than the Rs 6.63 crore in Q3-2013 and 55.6 per cent more than the Rs 3.51 crore in the immediate trailing quarter.
Let us look at the other figures reported by Tips for Q3-2014
Total operating income in Q3-2014 at Rs 43.59 crore was 5.2 times the Rs 8.68 crore operating income in Q3-2013 and 1.4 per cent more than the Rs 42.99 crore in Q2-2014.
Total expense for Q3-2014 at Rs 34.52 crore was 5.22 times the Rs 6.62 crore in Q3-2013 and 45 per cent lower than the Rs 62.67 crore in Q2-2014.
The company’s major cost head is cost of production/distribution of films. The company spent Rs 28.38 crore towards this head in Q3-2014, which was 23.44 times the Rs 1.21 crore in the corresponding quarter of the previous year and (47) per cent lower than the Rs 53.44 crore in Q2-2014.
Finance cost of Rs 3.04 crore for Q3-2013 was 2.59 times the Rs 1.18 crore in Q3-2013 and 2.1 per cent more than the Rs 2.98 crore in Q2-2013.
Tips audio segment operating income for Q3-2014 at Rs 7.08 crore was (15.6) per cent less than the Rs 8.39 crore in Q3-2013 9.2 per cent more than the Rs 6.48 crore in Q2-2014.
The company’s film segment reported income of Rs 36.5075 crore, almost the same as the Rs 36.5085 crore in the immediate trailing quarter. This segment had reported no income in Q3-2013.
