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TIPS Music Q2 Revenue Surges 35 Percent And Content Spending Doubles
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Storyboard•15-10-2026, 15:24
TIPS Music Q2 Revenue Surges 35 Percent And Content Spending Doubles
- •TIPS Music reported a 35 percent year-on-year increase in revenue to Rs 120.1 crore for the second quarter of FY27, with profit after tax rising 23 percent to Rs 65.5 crore.
- •The company's content cost nearly doubled, increasing 97 percent to Rs 26.2 crore, reflecting higher investments in expanding its music portfolio.
- •Chairman and Managing Director Kumar Taurani expressed confidence in surpassing the annual growth guidance of 20 percent.
- •TIPS Music released 73 songs during the quarter, including 40 film songs and 33 non-film songs, with several tracks achieving massive digital milestones.
- •The company announced an interim dividend of Rs 6.50 per share and completed a share buyback worth Rs 44.44 crore to enhance shareholder value.
Key Questions Answered
TIPS Music reported a 35% year-on-year increase in revenue to Rs 120.1 crore for the second quarter of FY27, while its profit after tax (PAT) rose by 23% to reach Rs 65.5 crore.
The company's content cost nearly doubled during the quarter, surging 97% to Rs 26.2 crore up from Rs 13.3 crore in the corresponding period of the previous year.
TIPS Music declared an interim dividend of Rs 6.50 per share and successfully completed a share buyback worth Rs 44.44 crore during the quarter.
