Tips audio segment operating profit low by 17 per cent
BENGALURU: Tips Industries Limited (Tips) audio products segment 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.
Tips audio segment operating income for Q3-2014 is Rs 7.08 crore which was 15.6 per cent less than the Rs 8.39 crore in Q3-2013 which is 9.2 per cent more than the Rs 6.48 crore in Q2-2014.
Total operating income in Q3-2014 at Rs 43.59 crore was over five times (5.2 times) the Rs 8.68 crore in Q3-2013 and 1.4 per cent more than the Rs.42.99 crores in Q2-2014.
Total expense for Q3-2014 was Rs 34.52 crore which was 5.22 times more than Q3-2013 and 45 per cent lower than the Rs.62.67 crore in Q2-2014.
The film distribution and production segment (Film segment), which incurred loss during the first two quarters of this financial year reported operating profit of Rs 7.14 crore in Q3-2014, hence contributing to the overall PAT of Rs 6.38 crore reported by the company for the quarter.
Film segment had last reported operating profit of Rs 13.95 crore in Q4-2013. Last quarter (Q2-2014), the segment reported operating loss of Rs 19.6 crore which completely wiped away 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, this segment had reported operating loss of Rs 2.08 crore, while the company had reported a PAT of Rs 0.63 crores in that quarter.
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.
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.
