Tips Industries Ltd (Tips) reported a sales increase of 54% year-on-year (y-o-y) and 1% quarter-on-quarter (q-o-q) to Rs53 crore and its operating earnings before interest and taxes (EBIT) increased 56% y-o-y and 33% q-o-q due to an expansion in its operating EBIT margin and a decline in other costs and content acquisition costs (CAC).