Hindi
Tips Films reports Rs 286.87 lakh quarterly loss in Q3 FY26
MUMBAI: Tips Films struggled to find its rhythm in the final quarter of 2025, as a spike in production costs and a new regulatory burden pushed the Mumbai-based outfit deeper into the red. According to results released on Tuesday, January 27, 2026, the company posted a net loss of Rs 286.87 lakh for the quarter ended 31 December, despite a modest bump in total income to Rs 456.29 lakh.
The bottom line was hit by the introduction of India’s New Labour Codes, which forced a Rs 37.37 lakh catch-up payment for employee benefits. Production costs also proved a heavy lift, gobbling up Rs 318.48 lakh during the period. On a nine-month basis, the picture looks even bleaker; the company has racked up losses of Rs 1,237.61 lakh, a sharp reversal from the Rs 1,269.17 lakh profit it managed in the same period last year.
Investors will be looking for a script change as the company enters the final stretch of the financial year, with basic earnings per share now languishing at minus Rs 6.64. For now, Tips Films remains a single-segment player, pinning its hopes entirely on the volatile world of film production and distribution.
Hindi
Remembering Gyan Sahay, the lens behind film, television and advertising
From a puppet rabbit selling poppadums to Hindi cinema, he framed it all.
MUMBAI: There are careers, and then there are canvases. Gyan Sahay, the veteran cinematographer, director, and producer who passed away on 10 March 2026 in Mumbai, had one of the latter. Over several decades in the Indian film and television industry, he turned lenses, lights, and the occasional puppet rabbit into something approaching art.
A graduate of the Film and Television Institute of India (FTII) in Pune, Sahay built his reputation as a director of photography across a career that stretched from the early 1970s all the way to the digital age. He was the kind of craftsman who understood that a well-composed shot is not merely a technical achievement but a quiet act of storytelling.
For most Indians of a certain age, however, Sahay will forever be the man behind the rabbit. His direction of the iconic long-running television commercial for Lijjat Papad, featuring its now-legendary puppet bunny, gave the country one of its most cheerfully persistent advertising images. It was the sort of work that sneaks into the national subconscious and takes up permanent residence.
His big-screen credits as cinematographer include Anokhi Pehchan (1972), Pagli (1974), Pas de Deux (1981), and Hum Farishte Nahin (1988). In 1999, he stepped behind a different kind of camera altogether, making his directorial debut with Sar Ankhon Par, a drama that featured Vikas Bhalla and Shruti Ulfat, with a cameo by Shah Rukh Khan for good measure.
On television, Sahay was particularly prized for his command of multi-camera production setups, a skill that made him a go-to technician for large-scale shows and reality programmes. In an industry that has never been especially patient with complexity, he was the calm hand on the rig.
In later life, Sahay turned teacher. He participated regularly in masterclasses and Digi-Talks, often hosted by organisations such as Bharatiya Chitra Sadhna, sharing hard-won wisdom on cinematography, the comedy of timing in a shot, and the sweeping changes brought by the shift from celluloid to digital. He was also said to have been involved in a project concerning a biographical film on Infosys co-founder N.R. Narayana Murthy.
Tributes from the film industry poured in following the news of his passing, with colleagues remembering him as a senior cameraman who served as a rare bridge between two entirely different eras of Indian cinema. That is, perhaps, the finest thing one can say of any craftsman: he kept up, and he brought others along with him.
