ITV

Category: Music and Youth

  • This Women’s Day, MTV celebrates girl power with the launch of Himalaya Neem Facewash MTV Girls On Top

    This Women’s Day, MTV celebrates girl power with the launch of Himalaya Neem Facewash MTV Girls On Top

    MUMBAI: MTV, the iconic youth brand, has decided to dedicate 2016 to celebrating the power of being a woman by shattering long standing stereotypes and questioning nonsensical taboos surrounding the women in India today. And to kick-start this celebration with a bang, MTV is proud to announce a brand new show ‘Himalaya Neem Face wash MTV Girls On Top’ that is all set to redefine what it means to be an ‘Adarsh Ladki’ by showcasing the ‘young Indian girl’ in all her various avatars – from a havoc wrecking goddess to hardworking superwoman; from a devilish diva to manic pixie dream girl; from a bookish romantic to a tattooed hell-raising disc jockey.

    Viewers will get to see three young women – TV Producer Isha (Played by Saloni Chopra), Tabloid Journalist Gia (played by Barkha Singh), and DJ Revati (played by Ayesha Adlakha) as they make their way through life in a ruthless city and how they grow stronger together as they face one difficult circumstance after another. The show is produced by BBC Worldwide.

    Himalaya Neem Face wash MTV Girls on Top – a show about three not-so-adarsh-girls trying to survive – dealing with job issues, love issues and also domestic issues, will be going on air from 7th March 2016, from Monday to Friday at 6:30 PM only on MTV.

    Commenting on the launch of this exciting new show, Shalini Sethi Vice President Viacom18 and Creative & Content Head MTV said, “With MTV Girls On Top, we at MTV, are all set to take a close look at the lives of three young women trying to make it on their own in a new city. As always, MTV has created the concept of the show keeping in mind the needs and wants of the youth of today. The show will not only showcase the struggles around work, love and life of three independent women, but at the same time, will also offer viewers an insight into the changing face of Indian women. MTV’s new show will resonate with all those young women who have ever dreamed of a life outside the confines of societal norms by breaking stereotypes and questioning taboos.”

    Speaking about the show further, Myleeta Aga SVP & GM, India and Content Head for Asia – BBC Worldwide said, “Girls on Top is a bold new show that aims at giving viewers an insight into the ambitions and dreams of three headstrong girls living in a cosmopolitan city. The show takes viewers on a journey through their personal and professional lives as they tackle real issues faced by young Indian women today.  The casting has been done very meticulously and the setting is very relatable. Following Kaisi Yeh Yaarian which was a huge success, we are really pleased to be collaborating with MTV again on Girls On Top – we are certain that it will resonate with the young and ambitious youth of India.”

    On being the title sponsors, Hemang Vasani Brand Manager, Face Care – The Himalaya Drug Company said, “Himalaya has been offering Indian girls a reason to look and feel confident for decades now. We are proud to be associated with MTV Girls On Top and this heralds the coming together of two iconic brands in India. Himalaya has always assured the Indian girls of their self- confidence and MTV Girls On Top will enable us to reinstate our belief.”

    MTV Girls On Top is the story of every young woman who has ever moved to a big city to make her dream of being independent come true. It’s the story of a world where young woman want it all – career, love and a good life – and for a change, they can have it all – only, it comes with a bit of a struggle and requires good girlfriends to help them through it – and you know what? They’re ready for it! They’re ready to make their way to the top.

  • This Women’s Day, MTV celebrates girl power with the launch of Himalaya Neem Facewash MTV Girls On Top

    This Women’s Day, MTV celebrates girl power with the launch of Himalaya Neem Facewash MTV Girls On Top

    MUMBAI: MTV, the iconic youth brand, has decided to dedicate 2016 to celebrating the power of being a woman by shattering long standing stereotypes and questioning nonsensical taboos surrounding the women in India today. And to kick-start this celebration with a bang, MTV is proud to announce a brand new show ‘Himalaya Neem Face wash MTV Girls On Top’ that is all set to redefine what it means to be an ‘Adarsh Ladki’ by showcasing the ‘young Indian girl’ in all her various avatars – from a havoc wrecking goddess to hardworking superwoman; from a devilish diva to manic pixie dream girl; from a bookish romantic to a tattooed hell-raising disc jockey.

    Viewers will get to see three young women – TV Producer Isha (Played by Saloni Chopra), Tabloid Journalist Gia (played by Barkha Singh), and DJ Revati (played by Ayesha Adlakha) as they make their way through life in a ruthless city and how they grow stronger together as they face one difficult circumstance after another. The show is produced by BBC Worldwide.

    Himalaya Neem Face wash MTV Girls on Top – a show about three not-so-adarsh-girls trying to survive – dealing with job issues, love issues and also domestic issues, will be going on air from 7th March 2016, from Monday to Friday at 6:30 PM only on MTV.

    Commenting on the launch of this exciting new show, Shalini Sethi Vice President Viacom18 and Creative & Content Head MTV said, “With MTV Girls On Top, we at MTV, are all set to take a close look at the lives of three young women trying to make it on their own in a new city. As always, MTV has created the concept of the show keeping in mind the needs and wants of the youth of today. The show will not only showcase the struggles around work, love and life of three independent women, but at the same time, will also offer viewers an insight into the changing face of Indian women. MTV’s new show will resonate with all those young women who have ever dreamed of a life outside the confines of societal norms by breaking stereotypes and questioning taboos.”

    Speaking about the show further, Myleeta Aga SVP & GM, India and Content Head for Asia – BBC Worldwide said, “Girls on Top is a bold new show that aims at giving viewers an insight into the ambitions and dreams of three headstrong girls living in a cosmopolitan city. The show takes viewers on a journey through their personal and professional lives as they tackle real issues faced by young Indian women today.  The casting has been done very meticulously and the setting is very relatable. Following Kaisi Yeh Yaarian which was a huge success, we are really pleased to be collaborating with MTV again on Girls On Top – we are certain that it will resonate with the young and ambitious youth of India.”

    On being the title sponsors, Hemang Vasani Brand Manager, Face Care – The Himalaya Drug Company said, “Himalaya has been offering Indian girls a reason to look and feel confident for decades now. We are proud to be associated with MTV Girls On Top and this heralds the coming together of two iconic brands in India. Himalaya has always assured the Indian girls of their self- confidence and MTV Girls On Top will enable us to reinstate our belief.”

    MTV Girls On Top is the story of every young woman who has ever moved to a big city to make her dream of being independent come true. It’s the story of a world where young woman want it all – career, love and a good life – and for a change, they can have it all – only, it comes with a bit of a struggle and requires good girlfriends to help them through it – and you know what? They’re ready for it! They’re ready to make their way to the top.

  • Channel V to air ‘Ishq Unplugged’ from 7 March

    Channel V to air ‘Ishq Unplugged’ from 7 March

    MUMBAI: Channel V is planning to launch a new fiction show titled Ishq Unplugged. 

    The youth show is a love story between two contestants of a singing reality show. Scheduled to release on 7 March 2016, it will air from Monday to Friday at 7:30 pm.

    The romance between two completely opposite characters plays out on the backdrop of the reality show, which they want to win for their own reasons.

    Main leads of the show are played by Mohit Gaur and Shruti Prakash who essay the roles of Mandy and Antara respectively. Mandy’s character hails from a middle class background from Delhi. Even though he is an exceptional singer, Mandy faces opposition from his family to fulfill his lifelong dream of becoming a famous singer in the entertainment world. Although Mandy is deserving of success, his notions to achieving stardom is rife with trying any means to get what he wants, by hook or by crook.

    Antara, on the other hand, faces a different circumstance. Daughter of a very famous singer, she is also blessed with a beautiful voice. Her Mother wants Antara to follow her footsteps rather than create her own identity. This competition is the stage to launch her career.

    Speaking about the show, a Star spokesperson said, “Like dance, music and reality shows are a big pull for the youth; this is the first time we have a fiction show, which is a potent combination of music and romance on the backdrop of a reality show. With a fair share of singing and performances along with drama, this unique offering is going to something fresh for the youth to savour and enjoy.”

    The channel has chalked out a marketing strategy to support the show with high decibel promotions across multiple platforms.

  • Channel V to air ‘Ishq Unplugged’ from 7 March

    Channel V to air ‘Ishq Unplugged’ from 7 March

    MUMBAI: Channel V is planning to launch a new fiction show titled Ishq Unplugged. 

    The youth show is a love story between two contestants of a singing reality show. Scheduled to release on 7 March 2016, it will air from Monday to Friday at 7:30 pm.

    The romance between two completely opposite characters plays out on the backdrop of the reality show, which they want to win for their own reasons.

    Main leads of the show are played by Mohit Gaur and Shruti Prakash who essay the roles of Mandy and Antara respectively. Mandy’s character hails from a middle class background from Delhi. Even though he is an exceptional singer, Mandy faces opposition from his family to fulfill his lifelong dream of becoming a famous singer in the entertainment world. Although Mandy is deserving of success, his notions to achieving stardom is rife with trying any means to get what he wants, by hook or by crook.

    Antara, on the other hand, faces a different circumstance. Daughter of a very famous singer, she is also blessed with a beautiful voice. Her Mother wants Antara to follow her footsteps rather than create her own identity. This competition is the stage to launch her career.

    Speaking about the show, a Star spokesperson said, “Like dance, music and reality shows are a big pull for the youth; this is the first time we have a fiction show, which is a potent combination of music and romance on the backdrop of a reality show. With a fair share of singing and performances along with drama, this unique offering is going to something fresh for the youth to savour and enjoy.”

    The channel has chalked out a marketing strategy to support the show with high decibel promotions across multiple platforms.

  • Viacom 18 launches MTV Kickstart with #StartUpIndia

    Viacom 18 launches MTV Kickstart with #StartUpIndia

    MUMBAI: Viacom18 has joined hands with #StartUpIndia, an initiative of the Department of Industrial Policy and Promotion (DIPP) to launch MTV Kickstart – one of India’s largest outreach program for young entrepreneurs in a bid to woo bright young minds brimming with exciting ideas.

    MTV Kickstart will be an annual program that will equip the youth of India to start their own business.

    What’s more, the initiative will ultimately be taken on the small screen as a reality TV show titled MTV Kickstart. The show will have youngsters fighting out for their pie of the funds from the investors. As a reward, the winners will get seed funding for their idea.

    Viacom18 EVP and business head youth and English entertainment channels Ferzad Palia said, “The show that will go on MTV is just a part of the initiative. MTV Kickstart is well beyond the show. It’s all about educating the youngsters in this country who have so many amazing ideas but don’t know how to go about it. When you say the word ‘business,’ several people get intimidated by the heavy jargons. While not lessening the importance of the start-up business, we need to approach the youth in a way that they are not put off with it. MTV being a youth icon with a huge following deemed as the right informal platform to relax the intimidation quotient, bring in a bit of a fun while keeping the importance of the initiative intact.”

    Department of Industrial Policy & Promotion (DIPP) secretary Amitabh Kant said, “I am excited about our association with Viacom18’s MTV for instituting a platform called MTV Kickstart. The multi-platform program will help us engage with the dynamic youth of India, help them start-up with ease and inspire a new generation to follow their dreams and become successful entrepreneurs.”

    Launched as an annual property, MTV Kickstart is a multi-platform initiative that will start with an outreach plan spanning 52 weeks, reaching out to 300 colleges across the country with media buzz across TV and digital. MTV along with #StartUpIndia will be hosting two-day long Start-Up Festivals across Tier 1 & 2 cities to allow the youth to have personal interaction with India’s top entrepreneurs and investors.

    Viacom18 group CEO Sudhanshu Vats added, “Viacom18 has always been at the forefront of being the catalyst of change within the media and entertainment space in India. We are in the business of entertainment that enriches the lives of our audiences through meaningful content and by engaging with them across multiple platforms. We now wish to extend the catalyst role to the start-up space as well by being a part of the journey of young entrepreneurs who dream to create a better tomorrow for India. The government of India has done a commendable job at addressing the need of the hour by instituting initiatives such as #StartUpIndia to encourage young Indians to become entrepreneurs. Through the launch of MTV Kickstart, we are delighted to partner with #StartUpIndia to cultivate a culture of innovation within India and help young minds create exciting new ventures that drive India’s growth story.”

    Delivered through engaging and interactive content via television, web, mobile and social media, MTV Kickstart will work towards educating youth about the ecosystem of start-ups. The program will aim to educate through personal and informal interactions with start-up kings, investors, advisory and much more.

     The initiative will be driven by iconic youth brand MTV and will also witness unprecedented media push across the entire might of Viacom18 and Network18 media assets, and be relayed across MTV India channels in over 40 countries.

  • Viacom 18 launches MTV Kickstart with #StartUpIndia

    Viacom 18 launches MTV Kickstart with #StartUpIndia

    MUMBAI: Viacom18 has joined hands with #StartUpIndia, an initiative of the Department of Industrial Policy and Promotion (DIPP) to launch MTV Kickstart – one of India’s largest outreach program for young entrepreneurs in a bid to woo bright young minds brimming with exciting ideas.

    MTV Kickstart will be an annual program that will equip the youth of India to start their own business.

    What’s more, the initiative will ultimately be taken on the small screen as a reality TV show titled MTV Kickstart. The show will have youngsters fighting out for their pie of the funds from the investors. As a reward, the winners will get seed funding for their idea.

    Viacom18 EVP and business head youth and English entertainment channels Ferzad Palia said, “The show that will go on MTV is just a part of the initiative. MTV Kickstart is well beyond the show. It’s all about educating the youngsters in this country who have so many amazing ideas but don’t know how to go about it. When you say the word ‘business,’ several people get intimidated by the heavy jargons. While not lessening the importance of the start-up business, we need to approach the youth in a way that they are not put off with it. MTV being a youth icon with a huge following deemed as the right informal platform to relax the intimidation quotient, bring in a bit of a fun while keeping the importance of the initiative intact.”

    Department of Industrial Policy & Promotion (DIPP) secretary Amitabh Kant said, “I am excited about our association with Viacom18’s MTV for instituting a platform called MTV Kickstart. The multi-platform program will help us engage with the dynamic youth of India, help them start-up with ease and inspire a new generation to follow their dreams and become successful entrepreneurs.”

    Launched as an annual property, MTV Kickstart is a multi-platform initiative that will start with an outreach plan spanning 52 weeks, reaching out to 300 colleges across the country with media buzz across TV and digital. MTV along with #StartUpIndia will be hosting two-day long Start-Up Festivals across Tier 1 & 2 cities to allow the youth to have personal interaction with India’s top entrepreneurs and investors.

    Viacom18 group CEO Sudhanshu Vats added, “Viacom18 has always been at the forefront of being the catalyst of change within the media and entertainment space in India. We are in the business of entertainment that enriches the lives of our audiences through meaningful content and by engaging with them across multiple platforms. We now wish to extend the catalyst role to the start-up space as well by being a part of the journey of young entrepreneurs who dream to create a better tomorrow for India. The government of India has done a commendable job at addressing the need of the hour by instituting initiatives such as #StartUpIndia to encourage young Indians to become entrepreneurs. Through the launch of MTV Kickstart, we are delighted to partner with #StartUpIndia to cultivate a culture of innovation within India and help young minds create exciting new ventures that drive India’s growth story.”

    Delivered through engaging and interactive content via television, web, mobile and social media, MTV Kickstart will work towards educating youth about the ecosystem of start-ups. The program will aim to educate through personal and informal interactions with start-up kings, investors, advisory and much more.

     The initiative will be driven by iconic youth brand MTV and will also witness unprecedented media push across the entire might of Viacom18 and Network18 media assets, and be relayed across MTV India channels in over 40 countries.

  • The Grammy Awards 2016: A not-so-appealing “starry” affair

    The Grammy Awards 2016: A not-so-appealing “starry” affair

    MUMBAI: Music world’s much awaited award show of the year, The Grammys, created a lot of buzz before its telecast; but unfortunately did not impress viewers. Only few performances, which had the potential to be interesting, grabbed the eye balls. Apart from those, the show, by its usual standards failed to impress the audience due to poor production ideas.

    The award night from The Recording Academy had a “starry” line-up of more than 30 artists, including the multiple time Grammy nominee Taylor Swift, who opened the show with a song from her Grammy-nominated album, 1989. The show also faced some audio glitches and concerns with the entertainment quality. While performances by Kendrick Lamar and Taylor Swift are to be appreciated, Lady Gaga clearly was the showstopper of the big awards show.

    The show had a total of 83 categories and 15 performances and tributes. The Recording Academy handed many awards early in the Grammy Awards pre-ceremony. The first big winner of the awards this year went to Swift for Best Pop Vocal Album for 1989. The list of big winners also included Meghan Trainor, who took Best New Artist; and Mark Ronson and Bruno Mars, who won Record of the Year for “Uptown Funk.”

    Lamar led the Grammys 2016 ceremony with 11 nominations, and won five awards. Mentioned below are the winners from the different categories at The Grammy Awards 2016:

    Record of the Year: “Uptown Funk” — Mark Ronson Featuring Bruno Mars
    Album of the Year: 1989 — Taylor Swift
    Best New Artist: Meghan Trainor
    Best Rock Performance: “Don’t Wanna Fight” — Alabama Shakes
    Song of the Year: “Thinking Out Loud” — Ed Sheeran
    Best Pop Duo/Group Performance: “Uptown Funk” — Mark Ronson Featuring Bruno Mars
    Best Pop Solo Performance: “Thinking Out Loud” — Ed Sheeran
    Best Rap Song: “Alright” — Kendrick Lamar Featuring Pharrell Williams
    Best Music Video: “Bad Blood” — Taylor Swift Featuring Kendrick Lamar
    Best Rap Performance: “Alright” — Kendrick Lamar
    Best Music Film: Amy
    Best Pop Vocal Album: 1989 — Taylor Swift
    Best Urban Contemporary Album: Beauty Behind the Madness — The Weeknd
    Best Arrangement, Instruments and Vocals: “Sue (Or In A Season of Crime) — David Bowie
    Best Historical Album: The Basement Tapes Complete: The Bootleg Series Vol 11 — Bob Dylan And The Band
    Best World Music Album: Sings — Angelique Kidjo
    Best Spoken World Album (Includes Poetry, Audio Books & Storytelling): A Full Life: Reflections At Ninety — Jimmy Carter
    Best Dance Recording: “Where Are Ü Now” — Skrillex and Diplo with Justin Bieber
    Best Dance/Electronic Album: Skrillex and Diplo Present Jack Ü — Skrillex and Diplo
    Best Metal Performance: “Cirice” — Ghost
    Best Rock Song: “Don’t Wanna Fight” — Alabama Shakes
    Best Rock Album: Drones — Muse
    Best R&B Performance: “Earned It (Fifty Shades Of Gray)” — The Weeknd
    Best Rap/Sung Collaboration: “These Walls” — Kendrick Lamar Featuring Bilal, Anna Wise & Thundercat

    For the entire list of the winners, click here 

  • The Grammy Awards 2016: A not-so-appealing “starry” affair

    The Grammy Awards 2016: A not-so-appealing “starry” affair

    MUMBAI: Music world’s much awaited award show of the year, The Grammys, created a lot of buzz before its telecast; but unfortunately did not impress viewers. Only few performances, which had the potential to be interesting, grabbed the eye balls. Apart from those, the show, by its usual standards failed to impress the audience due to poor production ideas.

    The award night from The Recording Academy had a “starry” line-up of more than 30 artists, including the multiple time Grammy nominee Taylor Swift, who opened the show with a song from her Grammy-nominated album, 1989. The show also faced some audio glitches and concerns with the entertainment quality. While performances by Kendrick Lamar and Taylor Swift are to be appreciated, Lady Gaga clearly was the showstopper of the big awards show.

    The show had a total of 83 categories and 15 performances and tributes. The Recording Academy handed many awards early in the Grammy Awards pre-ceremony. The first big winner of the awards this year went to Swift for Best Pop Vocal Album for 1989. The list of big winners also included Meghan Trainor, who took Best New Artist; and Mark Ronson and Bruno Mars, who won Record of the Year for “Uptown Funk.”

    Lamar led the Grammys 2016 ceremony with 11 nominations, and won five awards. Mentioned below are the winners from the different categories at The Grammy Awards 2016:

    Record of the Year: “Uptown Funk” — Mark Ronson Featuring Bruno Mars
    Album of the Year: 1989 — Taylor Swift
    Best New Artist: Meghan Trainor
    Best Rock Performance: “Don’t Wanna Fight” — Alabama Shakes
    Song of the Year: “Thinking Out Loud” — Ed Sheeran
    Best Pop Duo/Group Performance: “Uptown Funk” — Mark Ronson Featuring Bruno Mars
    Best Pop Solo Performance: “Thinking Out Loud” — Ed Sheeran
    Best Rap Song: “Alright” — Kendrick Lamar Featuring Pharrell Williams
    Best Music Video: “Bad Blood” — Taylor Swift Featuring Kendrick Lamar
    Best Rap Performance: “Alright” — Kendrick Lamar
    Best Music Film: Amy
    Best Pop Vocal Album: 1989 — Taylor Swift
    Best Urban Contemporary Album: Beauty Behind the Madness — The Weeknd
    Best Arrangement, Instruments and Vocals: “Sue (Or In A Season of Crime) — David Bowie
    Best Historical Album: The Basement Tapes Complete: The Bootleg Series Vol 11 — Bob Dylan And The Band
    Best World Music Album: Sings — Angelique Kidjo
    Best Spoken World Album (Includes Poetry, Audio Books & Storytelling): A Full Life: Reflections At Ninety — Jimmy Carter
    Best Dance Recording: “Where Are Ü Now” — Skrillex and Diplo with Justin Bieber
    Best Dance/Electronic Album: Skrillex and Diplo Present Jack Ü — Skrillex and Diplo
    Best Metal Performance: “Cirice” — Ghost
    Best Rock Song: “Don’t Wanna Fight” — Alabama Shakes
    Best Rock Album: Drones — Muse
    Best R&B Performance: “Earned It (Fifty Shades Of Gray)” — The Weeknd
    Best Rap/Sung Collaboration: “These Walls” — Kendrick Lamar Featuring Bilal, Anna Wise & Thundercat

    For the entire list of the winners, click here 

  • Q3-2016: Tips YoY Audio Products sales up 62%

    Q3-2016: Tips YoY Audio Products sales up 62%

    BENGALURU: Tips Industries Limited (Tips) reported a 62.4 per cent growth in its Audio Products Sales to Rs 9.71 core (68.3 per cent of Total Income from Operations or TIO) in the quarter ended 31 December, 2015 (Q3-2016, current quarter) as compared to the Rs 5.98 crore (100 per cent of TIO) in Q3-2015. QoQ, Audio Product Sales grew 7.8 per cent from Rs 9.01 crore (75 per cent of TIO).

    Note: 100,00,000 = 100 lakh = 10 million = 1 crore

    Tips reported standalone TIO of Rs 14.21 in the current quarter, 2.4 times the TIO of Rs 5.98 crore in the corresponding prior year quarter and 18.4 per cent higher QoQ as compared to Rs 12.01 crore.

    The company reported profit after tax (PAT) of Rs 1.85 crore (13 per cent margin) in Q3-2016 as compared a loss of Rs 3.08 crore in Q3-2015 and 16.5 per cent higher than the profit of Rs 1.59 crore (13.2 per cent margin) in Q2-2016.

    Segment numbers

    The company’s Audio Production Sales/Income segment reported 82.4 per cent YoY higher operating profit of Rs 8.34 crore as compared to an operating profit of Rs 4.57 crore in Q3-2015 and an operating profit of Rs 7.91 crore in Q2-2016.

    Tips Film Production/Distribution (Production) segment reported revenue of Rs 4.5 crore (31.7 per cent of TIO) as compared to NIL in Q3-2015 and Rs 3 crore (25 per cent of TIO) in Q2-2013.

    Tips Production segment reported operating loss of Rs 0.33 crore in the current quarter as compared to a loss of Rs 3.45 crore in Q3-2015 and a loss of Rs 0.88 crore in the immediate trailing quarter.

    Let us look at the other numbers reported by Tips

    The company’s simple EBIDTA calculated without considering other income in the current quarter Rs 5.36 crore (37.7 per cent margin) as compared to negative EBIDTA Of Rs 0.83 crore and positive EBIDTA of Rs 4.86 crore (40.5 per cent margin) in Q2-2016.

    The company’s Total Expenses in the current quarter increased 27.5 per cent YoY to Rs 9.23 crore (64.9 per cent of TIO) as compared to Rs 7.23 crore (121 per cent of TIO) and was 21.9 per cent higher QoQ as compared to Rs 7.57 crore (63 per cent of TIO) in Q2-2016.

    Tips cost of production/distribution of films in Q3-2016 increased 46.6 per cent YoY to Rs 4.37 crore (30.8 per cent of TIO) from Rs 2.98 crore (49.9 per cent of TIO) and increased 32.2 per cent QoQ as compared to Rs 3.31 crore (27.6 per cent of TIO) in the immediate trailing quarter.

    The company’s finance costs in Q3-2016 at Rs 3.01 crore (21.2 per cent of TIO) was flat YoY at 3.01 crore (50.4 per cent of TIO), but declined nine per cent QoQ as compared to Rs 3.31 crore (27.6 per cent of TIO).

    Employee Benefit Expense in the current quarter at Rs 1.53 crore (10.7 per cent of TIO) increased 2.5 per cent YoY as compared to Rs 1.49 crore (24.9 per cent of TIO) and was 8.5 per cent higher QoQ as compared to Rs 1.41 crore (11.7 per cent of TIO) in the immediate trailing quarter.

  • Q3-2016: Tips YoY Audio Products sales up 62%

    Q3-2016: Tips YoY Audio Products sales up 62%

    BENGALURU: Tips Industries Limited (Tips) reported a 62.4 per cent growth in its Audio Products Sales to Rs 9.71 core (68.3 per cent of Total Income from Operations or TIO) in the quarter ended 31 December, 2015 (Q3-2016, current quarter) as compared to the Rs 5.98 crore (100 per cent of TIO) in Q3-2015. QoQ, Audio Product Sales grew 7.8 per cent from Rs 9.01 crore (75 per cent of TIO).

    Note: 100,00,000 = 100 lakh = 10 million = 1 crore

    Tips reported standalone TIO of Rs 14.21 in the current quarter, 2.4 times the TIO of Rs 5.98 crore in the corresponding prior year quarter and 18.4 per cent higher QoQ as compared to Rs 12.01 crore.

    The company reported profit after tax (PAT) of Rs 1.85 crore (13 per cent margin) in Q3-2016 as compared a loss of Rs 3.08 crore in Q3-2015 and 16.5 per cent higher than the profit of Rs 1.59 crore (13.2 per cent margin) in Q2-2016.

    Segment numbers

    The company’s Audio Production Sales/Income segment reported 82.4 per cent YoY higher operating profit of Rs 8.34 crore as compared to an operating profit of Rs 4.57 crore in Q3-2015 and an operating profit of Rs 7.91 crore in Q2-2016.

    Tips Film Production/Distribution (Production) segment reported revenue of Rs 4.5 crore (31.7 per cent of TIO) as compared to NIL in Q3-2015 and Rs 3 crore (25 per cent of TIO) in Q2-2013.

    Tips Production segment reported operating loss of Rs 0.33 crore in the current quarter as compared to a loss of Rs 3.45 crore in Q3-2015 and a loss of Rs 0.88 crore in the immediate trailing quarter.

    Let us look at the other numbers reported by Tips

    The company’s simple EBIDTA calculated without considering other income in the current quarter Rs 5.36 crore (37.7 per cent margin) as compared to negative EBIDTA Of Rs 0.83 crore and positive EBIDTA of Rs 4.86 crore (40.5 per cent margin) in Q2-2016.

    The company’s Total Expenses in the current quarter increased 27.5 per cent YoY to Rs 9.23 crore (64.9 per cent of TIO) as compared to Rs 7.23 crore (121 per cent of TIO) and was 21.9 per cent higher QoQ as compared to Rs 7.57 crore (63 per cent of TIO) in Q2-2016.

    Tips cost of production/distribution of films in Q3-2016 increased 46.6 per cent YoY to Rs 4.37 crore (30.8 per cent of TIO) from Rs 2.98 crore (49.9 per cent of TIO) and increased 32.2 per cent QoQ as compared to Rs 3.31 crore (27.6 per cent of TIO) in the immediate trailing quarter.

    The company’s finance costs in Q3-2016 at Rs 3.01 crore (21.2 per cent of TIO) was flat YoY at 3.01 crore (50.4 per cent of TIO), but declined nine per cent QoQ as compared to Rs 3.31 crore (27.6 per cent of TIO).

    Employee Benefit Expense in the current quarter at Rs 1.53 crore (10.7 per cent of TIO) increased 2.5 per cent YoY as compared to Rs 1.49 crore (24.9 per cent of TIO) and was 8.5 per cent higher QoQ as compared to Rs 1.41 crore (11.7 per cent of TIO) in the immediate trailing quarter.