Upper circuit alert: This micro-cap film production company reports a 249.96 per cent jump in net profit!
In the last one month, the stock has gained more than 25 per cent.
Shares of Tips Films Limited were locked in the upper circuit, gaining 20.00 per cent on Thursday. In the last five trading sessions, the stock has gained about 20 per cent.
Tips Films Limited experienced a strong financial performance, specifically PAT and PBT. In FY23, the company reported a profit of Rs 24.33 crore. In FY23, the revenue of the company reached Rs 61.45 crore which declined by 8.06 per cent YoY. The company’s operating profit surged by 243.23 per cent staying at Rs 34.15 crore, while the PAT of the company stood at Rs 24.33 crore, with an increase of 249.98 per cent.
The market reacted to the news positively and shares of Tips Films Limited got locked in the upper circuit.
Tips Films is engaged in the production and distribution of movies through satellite, theatres, and digital modes. It is also engaged in the distribution of music rights.
On Friday, the stock opened at Rs 405.00, with a high and low of Rs 529.50 and Rs 405.00. The stock previously closed at Rs 441.25. On Friday, the stock closed at Rs 526.20, up by 19.25 per cent.
Overall, the financial performance of the company showed excellent growth and demonstrated improvement in profit margins, indicating better operational efficiency, and investors should keep a close eye on this stock.
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