Tips Music Limited announced its financial results for the second quarter and first half of FY’27. The company reported a 35% year-on-year increase in revenue to INR120 crore for Q2 FY’27. Profit after tax also saw a substantial jump of 23% to INR65.5 crore. The company also declared an interim dividend of INR6.5 per share.
Tips Music Reports Strong Q2 FY27 Performance
Tips Music Limited has declared robust financial results for the second quarter (Q2) and the first half (H1) of the fiscal year 2026-2027. The company showcased significant growth across key financial metrics, driven by strong performance in both digital and non-digital segments.
Q2 FY27 Financial Highlights
For the quarter ended September 30, 2026, Tips Music Limited reported a revenue of INR120 crore, marking a substantial 35% increase compared to INR89.2 crore in the corresponding quarter of the previous year (Q2 FY26). Operating EBITDA stood at INR84.64 crore, a 25% year-on-year growth, with an EBITDA margin of 70.5%. Profit after tax (PAT) for the quarter was INR65.5 crore, representing a 23% growth over the previous year, with a PAT margin of 54%.
H1 FY27 Performance Overview
In the first half of FY27, the company’s revenue reached INR227 crore, reflecting a healthy 28% growth over the same period last year. The content cost for H1 FY27 was INR71 crore, which was front-loaded, with the full-year content cost expected to be between INR90 crore to INR100 crore. Profit after tax for the first half stood at INR109 crore, an 11% year-on-year growth.
Dividend and Share Buyback
The Board of Directors has declared an interim dividend of INR6.5 per share for the quarter. The company also successfully completed a share buyback amounting to INR44.44 crore through the open market mechanism.
Content and Digital Growth
During the quarter, Tips Music released 73 songs, including 40 film songs and 33 non-film songs. The company highlighted the strong performance of its releases, with the Punjabi film music album ‘Ishqnama’ crossing 100 million views on YouTube and the recreated song ‘Aankhon Se Tune 2.0’ achieving 66 million views. The digital revenue share for H1 FY27 was approximately 73%.
Outlook and Guidance
The company reaffirmed its commitment to invest between 20%-22% of its revenue in content for the full year, projecting an investment of INR90 crore to INR100 crore. Management expressed confidence in continued growth, anticipating a stronger second half of the fiscal year.
Source: BSE
