Tips film segment reports loss of Rs 19.6 crore for Q2-2014; audio products PAT lower

BENGALURU: Note (1) Considering the nature of business carried on by the company whereby revenues do not necessarily accrue evenly over the year, the results of the quarter may not be representative of the result for the year. As such, the result of the current quarter is not comparable with the result of corresponding quarter.

(2) A major film project by the company starring Akshay Kumar ‘Its Entertainment’ is slated for release in May 2014.

Despite two significant releases in Q2-2014 – Ramaiya Vastavaiya and Phata Poster and Nikla Hero, the Taurani brothers led Tips Industries Limited (Tips) reported a net loss of Rs (-22.32) crore for the quarter, with its film

production/distribution segment chipping in with loss of Rs (-19.6) crore.  The segment reported revenue of Rs 36.51 crore for Q2-2014, as compared to a small Rs 0.06 crore for the corresponding quarter of last year with a loss of (-1.99 crore) and the Rs 0.32 crore for Q2-2014 with a loss of Rs (-1.73) crore.

Audio products sales/income at Rs 6.48 crore for Q2-2014 was 20.3 per cent lower than the Rs 8.13 crore for Q2-2013 and 15.7 per cent lower than the Rs 76.9 crore for Q1-2014. The segment returned a profit of Rs 3.51 crore which was 46 per cent lower than the Rs 6.49 crore for Q2-2013 and 44.2 per cent lower than the Rs 6.29 crore for Q12-104.

Total Income from operations for Q2-2014 was Rs 42.99 crore, which was 5.25 times the Rs 8.18 crore for Q2-2013 and 5.37 times the Rs 8 crore q-o-q.

Total expenditure for Q2-2014 at Rs 62.67 crore was more than 10 times (10.55 times) the Rs 5.94 crore y-o-y and 9.98 times the Rs 6.28 crore q-o-q.

Correspondingly, cost of film production/distribution expense at Rs 55.39 crore for Q2-2014 was much higher than the Rs 1.14 crore for Q2-2013 and the Rs 1.28 crore for Q1-2014.

Latest Reads
Republic TV, BTVI join hands for budget coverage

MUMBAI: Republic TV, spearheaded by Arnab Goswami, and Business Television India (BTVI) have entered into an alliance for content and programming around Union Budget 2018. The Republic TV- BTVI alliance promises to offer viewers a distinctive experience.

Television TV Channels News Broadcasting
Mairu Gupta and the art of building the NBA in India

MUMBAI: For basketball fans worldwide, the US National Basketball Association (NBA) represents the mecca of the sport. But in India, the NBA has had its task cut out, what with cricket presenting a near impenetrable line of defence.

Television TV Channels Sports
CNN-News18 'Indian of the year' 2017 special Telecast on 9 and 10 December

MUMBAI: The awards night of the annual and flagship initiative of CNN-News18, ‘Indian of the Year – 2017’ will be telecasted on the 9 and 10 of December at 9:30 PM on the channel. The initiative, whichrecognizes and awards the exceptional contribution and achievements of the iconic Indian citizens...

Television TV Channels News Broadcasting
Music channels bet on shows to boost viewership

MUMBAI: Seems like music channels are playing second fiddle to online music platforms when it comes to playing tracks. In an attempt to grab more eyeballs, pure-play music channels on television are moving away from the music content and focusing more on the youth-centric shows.

Television TV Channels Music and Youth
Zee TV leads Hindi GECs in week 48 of Barc ratings

MUMBAI: Zee TV emerged as the leader among Hindi general entertainment channels (urban + rural) dethroning Zee Anmol, according to Broadcast Audience Research Council’s (BARC) all-India data for week 48.

Television TV Channels GECs
Republic TV continues lead as genre ratings rise

BENGALURU:Two of weeks earlier, we had mentioned that the English News genre’s four week average ratings and weekly ratings have been falling since weeks 29 to 32 of 2017. The fall continued until week 47 of 2017 when the combined Broadcast Audience Research Council of India (BARC) weekly ratings...

Television TV Channels News Broadcasting
SPN India acquires TV, OTT rights for T10 Cricket League

MUMBAI: The newly introduced T10 Cricket league (TCL), which will be played at the UAE’s Sharjah Cricket Stadium, will be telecast live on Sony ESPN. The league is a four-day event running from the 14th to the 17th of December 2017.

Television TV Channels Sports
News Corp’s new ad network takes on Facebook, Google

Training its guns at the digital-ad dominance of Google and Facebook, News Corp has launched a platform, News IQ, to let advertisers reach audiences across all of its online properties.

Television TV Channels News Broadcasting
Gracenote launches channel monitoring solution for broadcasters

MUMBAI: Gracenote, a Nielsen company, has launched its next-generation TV distribution monitoring and reporting solution developed specifically for the Indian TV market called TV Street Maps 2.0.

Television TV Channels People

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories