MUMBAI: The ninth edition of International Radio Festival (IRF) will be held from 29 October to 4 November 2018. This radio galore will be held at Valetta, Malta, which is Europe’s cultural capital for 2018.Having the niche of being the world’s first and sole conference, IRF’s first outing was at Z...
BENGALURU: Tips Industries Limited’s (Tips) reported PAT of Rs 2.7 crore in FY-2015 as compared to a loss of Rs 16.24 crore in the previous financial year. The company’s Q4-2015 performance was marred by the operating loss of its film distribution and production segment, which amounted to Rs 12.53 crore, wiping out completely and more the operating profit of Rs 7.63 crore reported by its other segment – Audio Products. The company reported a loss of Rs 7.67 crore in Q4-2015 as compared to a loss of Rs 0.70 crore in the corresponding year ago quarter and a loss of Rs 3.08 crore in Q3-2015.
Tips reported 1.3 per cent decline in total income from operations (TIO) in FY-2015 to Rs 102.35 crore from Rs 103.67 crore in FY-2014. Q3-2015 TIO increased 12.5 per cent to Rs 10.21 crore from Rs 9.08 crore in Q4-2014 and increased 70.8 per cent from Rs 5.98 crore in the immediate trailing quarter.
Total Expenditure (TE) in FY-2015 declined 19.7 per cent to Rs 88.95 crore as compared to the Rs 110.80 crore in FY-2014. In Q4-2015, TE more than doubled (increased to 2.33 times) to Rs 17.24 crore as compared to the Rs 7.38 crore in Q4-2014 and was 2.38 times more than the Rs 7.23 crore in Q3-2015. Higher TE in Q4-2015 was due to higher cost of production/distribution of films, which is the major expense head for the company.
Tips incurred more than fivefold (5.68 times) increase in cost of production/distribution of films at Rs 12.01 crore in Q4-2014 as compared to the Rs 2.11 crore in Q4-2014 and more than quadruple (4.03 times) the Rs 2.98 crore reported in Q3-2015.
Audio Products
Audio Product sales/income in FY-2015 improved 5 per cent to Rs 32.22 crore from Rs 30.52 crore in FY-2015. In Q4-2015, sales/income from this segment at Rs 10.16 crore was 9.6 per cent higher than the Rs 9.27 crore in Q4-2014 and 69.9 per cent more than the Rs 5.98 crore in Q3-2015.
The Audio Product segment reported a 2.7 per cent decline in operating profit to Rs 22.01 crore in FY-2015 from Rs 22.72 crore in FY-2014. As mentioned above, Audio Products segment reported an operating profit of Rs 7.63 crore in Q4-2015, which was 5.7 per cent more than the Rs 7.22 crore in Q4-2014 and 66.9 per cent more than the Rs 4.57 crore in Q3-2015.
However low compliance and slow paid subscription growth restrict revenue potential
MUMBAI: Sennheiser, a renowned leader in audio technology, showcased various audio solutions at Broadcasting India 2024, a top infotainment technology event. The biggest highlight of Sennheiser’s product was the newly launched Spectera, the world's first bidirectional wideband solution.
MUMBAI: IPRS, Indian Performing Rights Society, hosted a one of its kind landmark event aimed at elevating emerging Indian musicians on the global stage in association with MusiConnect India.
