Tips Industries net profit rises 874.78%

Tips Industries net profit rises 874.78% in the March 2008 quarter

Sales rise 980.72% to Rs 74.57 crore

Net profit of Tips Industries rose 874.78% to Rs 11.21 crore in the quarter
ended March 2008 as against Rs 1.15 crore during the previous quarter ended
March 2007. Sales rose 980.72% to Rs 74.57 crore in the quarter ended March
2008 as against Rs 6.90 crore during the previous quarter ended March 2007.

For the full year, net profit rose 1757.14% to Rs 19.50 crore in the year
ended March 2008 as against Rs 1.05 crore during the previous year ended
March 2007. Sales rose 352.03% to Rs 113.37 crore in the year ended March
2008 as against Rs 25.08 crore during the previous year ended March 2007
CAPMKT