Tips Music Ltd Share Price – NSE /  BSE

Entertainment, Small Cap

Net profit of Tips Music rose 21.46% to Rs 48.16 crore in the quarter ended September 2024 as against Rs 39.65 crore during the previous quarter ended September 2023. Sales rose 32.43% to Rs 80.61 crore in the quarter ended September 2024 as against Rs 60.87 crore during the previous quarter ended September 2023.

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Tips Music announced that the Board of Directors of the Company at its meeting held on 16 October 2024, inter alia, have recommended the interim dividend of Rs 2 per equity Share (i.e. 200%) , subject to the approval of the shareholders.

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Revenue from operations jumped 32.42% year on year to Rs 80.61 crore in the quarter ended 30 September 2024.

As compared to Q1 FY25, the company's net profit increased by 10.56% and revenue grew by 9.05% in Q2 FY25.

Total expenses increased 88.12% to Rs 21.77 crore in Q2 FY25 as compared with Rs 11.57 crore in Q2 FY24. Content Cost stood at Rs 13.84 crore (up 196.44% YoY), employee benefit expenses was at Rs 2.79 crore (up 30.37% YoY) during the period under review.

Profit before tax stood at Rs 64.43 crore in the quarter ended 30 September 2024, up 21.79% as against Rs 52.90 crore recorded in Q2 FY24.

Operating EBITDA stood at Rs 59.5 crore in Q2 FY25, registering the growth of 19% as compared with Rs 49.8 crore recorded in corresponding quarter last year. EBITDA margin improved to 73.8% in Q2 FY25 as against 81.9% reported in Q2 FY24.

Total expenses increased 88.12% to Rs 21.77 crore in Q2 FY25 as compared with Rs 11.57 crore in Q2 FY24. Content Cost stood at Rs 13.84 crore (up 196.44% YoY), employee benefit expenses was at Rs 2.79 crore (up 30.37% YoY) during the period under review.

In Q2 FY25, the company launched a total of 125 new songs, comprising 39 new film songs and 86 non-film songs. Additionally, the YouTube subscribers registered a growth of 21% reaching 108 million.

On half-year basis, the company's net profit jumped 37.40% to Rs 91.72 crore on 36.14% increase in revenue to Rs 30,140 crore in H1 FY25 over H1 FY24.

Meanwhile, the company has declared a second interim dividend of Rs 2 per equity share for the financial year 2024-2025, the record date for dividend payment has decided on 24 October 2024 and the dividend will be disbursed on or before 12 November 2024.

Kumar Taurani, chairman & managing director, said, “I am pleased to share that the company has announced a 2nd interim dividend for the year of Rs. 2 per share, in addition to interim dividend distributed and buyback conducted in Q1FY25. Our revenue for the quarter stood at Rs 80.6 crore up by 32% YoY with a PAT of Rs 48.2 crore increasing by 21% YOY. Our relentless focus is on acquiring high-quality music content.”

Hari Nair, chief executive officer, said, “Our YouTube channels cumulative subscriber base has now reached 108 million, reflecting our growing influence and engagement. The market share on audio digital platforms like Spotify, Saavn etc is increasing steadily. Additionally, the new division of “Brands & Partnership” has started clocking revenues; Motorola used our track “Rangeela Re”, for launching its new set of colorful handsets.”

Tips Industries is engaged in the acquisition and exploitation Music of Rights.

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KEI Industries Ltd, Magellanic Cloud Ltd, ZF Commercial Vehicle Control System India Ltd and Zydus Lifesciences Ltd are among the other losers in the BSE's 'A' group today, 16 October 2024.

Tips Music Ltd crashed 7.25% to Rs 770.6 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 71425 shares were traded on the counter so far as against the average daily volumes of 28046 shares in the past one month.

KEI Industries Ltd tumbled 7.09% to Rs 4354.75. The stock was the second biggest loser in 'A' group.On the BSE, 59561 shares were traded on the counter so far as against the average daily volumes of 11310 shares in the past one month.

Magellanic Cloud Ltd lost 4.72% to Rs 92.9. The stock was the third biggest loser in 'A' group.On the BSE, 15.22 lakh shares were traded on the counter so far as against the average daily volumes of 7.77 lakh shares in the past one month.

ZF Commercial Vehicle Control System India Ltd shed 4.26% to Rs 15003. The stock was the fourth biggest loser in 'A' group.On the BSE, 153 shares were traded on the counter so far as against the average daily volumes of 1859 shares in the past one month.

Zydus Lifesciences Ltd corrected 4.01% to Rs 1015.8. The stock was the fifth biggest loser in 'A' group.On the BSE, 1.28 lakh shares were traded on the counter so far as against the average daily volumes of 73743 shares in the past one month.

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