Tips Films' Q1 financials show a significant downturn, with net income from operations dropping to ₹1.76 Cr from ₹12.69 Cr year-on-year.

The company reported a net loss of ₹6.76 Cr for the quarter, compared to a profit of ₹4.74 Cr in the prior year.

The Board also addressed operational changes, noting the resignation of internal auditor SPML & Associates due to other commitments.

Mathur & Co., a firm with 42 years of experience, has been appointed as the new internal auditor for revenue audit starting Q2 FY26, following the Audit Committee's input.

This aims to ensure continuous financial oversight.