For H1FY26 Revenue Growth of 15% y-o-y & PAT Growth of 8% y-o-y
Mumbai : TIPS Music Ltd (formerly Tips Industries Ltd.), a leading Indian music label, announced its Financial Results for the Quarter Ending September 30, 2025.
Financial Highlights – Q2FY26
Key Financial Performance
| Particulate (₹ Cr) | Q2 FY26 | Q2 FY25 | Y-o-Y | Q1 FY26 | Q-o-Q | H1FY26 | H1FY25 | Y-o-Y | |
| Revenue from Operations | 89.2 | 80.6 | 11% | 88.1 | 1% | 177.3 | 154.5 | 15% | |
| Op. EBITDA | 67.8 | 59.5 | 14% | 56.5 | 20% | 124.4 | 113.8 | 9% | |
| Op. EBITDA % | 76.0% | 73.8% | 64.2% | 70.1% | 73.7% | ||||
| Op. EBIT | 71.7 | 64.5 | 11% | 61.6 | 16% | 133.3 | 122.9 | 8% | |
| PAT | 53.2 | 48.2 | 10% | 45.7 | 16% | 98.9 | 91.7 | 8% | |
| PAT Margin | 59.6% | 59.7% | 51.9% | 55.8% | 59.3% |
Key Highlights:
- Revenue stood at ₹89.2 crore in Q2FY26, reflecting a 11% y-o-y increase compared to Q2 FY25
- Content cost for the quarter was ₹13.3 crore, indicating a 4% y-o-y decline from ₹13.8 crore in Q2FY25
- Profit After Tax (PAT) reached ₹53.2 crore in Q2FY26, showing a y-o-y growth of 10% over ₹48.2 crore reported in Q2FY25
- During Q2FY26, a total of 133 songs were released, comprising 76 film tracks and 57 non-film tracks. Notably, the Telugu track ‘Vibe Undi’ emerged as one of the biggest hits of the quarter
- YouTube subscriber base expanded to 134 million
- An interim dividend of ₹4 per share was declared for Q2FY26, amounting to ₹51.13 crore. Total payout to shareholders is ₹102.26 crore
Commenting on the Results,
Mr. Kumar Taurani – Chairman & Managing Director said, “Despite the challenging industry environment, the company’s revenue grew by 15% YoY in the H1 FY26. Over the longer term, we expect strong business momentum, supported by sustained paid subscriber growth, beginning of ad revenue sharing from short-form content platforms, and robust expansion in the public performance segment. I am also pleased to share that the Board of Directors has declared a second interim dividend of ₹ 4 per share for the financial year 2026.”
Highlights for Q2 FY26: We released 133 songs including 76 film songs and 57 non-film songs. During the quarter, the song “Vibe Undi” from the Telugu film “Mirai” crossed over 69 million views and was among the top 5 music video on You Tube. Another release, “Raaj Karega Mallik” from the movie “Maalik”, crossed 25 million views on YouTube. Our catalogue performance on Meta is very heartening, the songs “Tere Aane Se” from movie “Run” did 1.50 billion views while songs “Saajan Saajan” from movie “Dil Ka Rishta” and song “ Kahin Aag Lage Lag Jaaye” from movie “Taal” did 850 mn and 700mn views respectively during the quarter.
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