TIPS Music Q3 revenue at Rs 78 crore, up 20% yoy

Profit after tax stood at Rs 44.2 crore, up 27% yoy

by e4m Desk
Published: Jan 22, 2025 5:38 PM | 2 min read

Music label TIPS Music Ltd (formerly Tips Industries Ltd.) announced its financial results for the quarter ending December 31, 2024.

The company announced that its revenue for Q3 FY25 touched Rs 77.7 crore, posting a 20% yoy growth. Its revenue for nine months ending December 31 stood at Rs 232 crore, up 30% yoy. The content cost for the quarter stood at Rs 14.6 crore compared to Rs 14.7 crore in Q3FY24. Profit after tax stood at Rs 44.2 crore, up 27% yoy.

Operational EBITDA was Rs 55.6 crore, growing 28% yoy.

The company also announced that it released 116 new songs in the quarter, out of which 40 were new film songs and 76 were non-film songs.

Its YouTube subscribers stand at 113 million with 171 billion views for the nine months ending December 31, up 17% yoy.

The Board has announced an interim dividend of Rs 3 per share amounting to Rs 38.35 crore. Total payout to shareholders including dividend and buyback is Rs 136.09 Cr in FY25 so far

Kumar Taurani – Chairman & Managing Director said, “I am pleased to announce that the company has performed well. For Q3FY25, we achieved a revenue of Rs 77.7 Cr, up 20% year-on-year, with a PAT of Rs 44.2 Cr, marking a 27% increase YoY. In line with our commitment to enhance shareholder value, the company has announced a 3rd interim dividend of Rs 3 per share. ”

Girish Taurani – Executive Director said, “In Q3 FY 25 we launched 116 songs. This includes 40 film songs and 76 non-film songs. Our YouTube subscriber base has now reached a remarkable 113 million. This quarter saw the release of popular songs like "Jutti Kasuri" by Gippy Grewal, "Afghani Afeem Hai" by Tony Kakkar, and “Tiyariyan” from movie Hoshiar Singh by Satinder Sartaaj all of which were well- received by our audience. We have a very exciting lineup of releases planned for 2025.”

Hari Nair – Chief Executive Officer said, “We are seeing strong growth for our music across digital platforms. I am excited to announce our collaboration with TikTok, giving users worldwide access to Tips Music’s diverse library, featuring Bollywood classics and regional hits. We partnered with Sterling Reserve and Bacardi’s Legacy brand to launch our own music-IP called “Take 2” and “Roots” respectively.”