Tips Films Reports Profit Turnaround and Changes Internal Auditor

Tips Films Limited, a prominent player in the Indian film production and distribution industry, has reported a significant turnaround in its financial performance for the quarter ended June 30, 2025. The company has also announced changes in its internal audit team.

Financial Performance

Tips Films posted a net profit of Rs. 474.41 crore for the quarter, marking a substantial improvement from the loss of Rs. 3,270.92 crore reported in the previous quarter. This turnaround in profitability comes despite a decrease in total income from operations, which stood at Rs. 1,269.20 crore compared to Rs. 7,557.32 crore in the prior quarter.

The company's financial highlights for the quarter include:

The earnings per share (EPS) for the quarter stood at Rs. 10.97, compared to a loss per share of Rs. 75.67 in the previous quarter.

Change in Internal Auditor

In a significant development, Tips Films announced changes to its internal audit team. SPML & Associates, who were serving as the company's internal auditors for revenue audits, have resigned effective August 14, 2025. The firm cited preoccupation with other assignments as the reason for their departure.

Following this resignation, the Board of Directors, based on recommendations from the Audit Committee, has appointed Mathur & Co. as the new internal auditor. Mathur & Co. will be responsible for conducting revenue audits for the company starting from the second quarter of FY 2025-2026.

About Mathur & Co.

Mathur & Co., the newly appointed internal auditor, is a well-established chartered accountancy firm with a rich history dating back to 1983. With 42 years of experience, the firm has built a strong reputation in audit, assurance, taxation, advisory, and regulatory services. Their client portfolio includes public sector undertakings, government bodies, banking institutions, and private corporations.

Management Commentary

Kumar S Taurani, Chairman & Executive Director of Tips Films Limited, stated in the company's filing, "The results for the quarter ended June 30, 2025, demonstrate a significant improvement in our financial performance. While our total income has decreased compared to the previous quarter, we have successfully turned our bottom line from a loss to a profit. This reflects our team's hard work and the effectiveness of our strategic initiatives."

Taurani added, "We are also pleased to welcome Mathur & Co. as our new internal auditors. Their extensive experience and client-first approach align well with our commitment to maintaining the highest standards of financial integrity and transparency."

The company's board meeting to approve these results and changes commenced at 03:10 p.m. and concluded at 03:40 p.m. on August 14, 2025.

Tips Films Limited continues to operate in a single reportable business segment of Films Production and Distribution Products, as per Indian Accounting Standard 108 "Operating Segment".

Investors and stakeholders should note that due to the nature of the film industry, quarterly results may not be representative of the full year's performance, as revenues do not necessarily accrue evenly throughout the year.