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Tips Music Shares Surge 10 Percent After Q2 Net Profit Jumps 23 Percent And Dividend Announcement
M
Moneycontrol•16-10-2026, 16:29
Tips Music Shares Surge 10 Percent After Q2 Net Profit Jumps 23 Percent And Dividend Announcement
- •Tips Music shares rallied up to 11 percent on BSE, closing with a 10 percent gain at 752 rupees, pushing the market capitalization past 9600 crore rupees.
- •The company reported a 23.6 percent year-on-year rise in net profit at 65.74 crore rupees for the July-September quarter, driven by a 34.5 percent increase in revenue from operations.
- •The board of Directors declared a first interim dividend of 6.50 rupees per share for the financial year with October 22 set as the record date.
- •During the second quarter, Tips Music released a total of 73 songs, comprising 40 film songs and 33 non-film songs.
Key Questions Answered
During the July-September 2026 quarter, Tips Music reported a 23.6 percent year-on-year increase in net profit reaching 65.74 crore rupees, while revenue from operations grew approximately 34.5 percent to 120 crore rupees.
Tips Music's board approved a first interim dividend of 6.50 rupees per share for the financial year 2026-2027, with October 22, 2026, set as the record date and payment scheduled for on or before November 12, 2026.
Tips Music released a total of 73 songs during the September 2026 quarter, which included 40 film songs and 33 non-film songs.
