Financial Highlights - Q1 FY27 (Quarter Ending June 30, 2026)

Revenue Performance

  • Revenue from Operations: ₹106.5 crore
  • Year-on-Year Growth: 21% increase from Q1 FY26 revenue of ₹88.1 crore
  • Quarter-on-Quarter Growth: 2% increase from Q4 FY26 revenue of ₹103.9 crore

Profitability Metrics

  • Profit After Tax (PAT): ₹43.9 crore
  • PAT Year-on-Year Change: 4% decrease from Q1 FY26 PAT of ₹45.7 crore
  • PAT Quarter-on-Quarter Change: 26% decrease from Q4 FY26 PAT of ₹59.0 crore
  • PAT Margin: 41.2% (compared to 51.9% in Q1 FY26 and 56.8% in Q4 FY26)

Operational Performance

  • Operating EBITDA: ₹53.5 crore
  • Operating EBITDA Year-on-Year Change: 5% decrease from Q1 FY26 EBITDA of ₹56.5 crore
  • Operating EBITDA Quarter-on-Quarter Change: 30% decrease from Q4 FY26 EBITDA of ₹76.9 crore
  • Operating EBITDA Margin: 50.3% (compared to 64.2% in Q1 FY26 and 74.0% in Q4 FY26)
  • Operating EBIT: ₹58.4 crore
  • Operating EBIT Year-on-Year Change: 5% decrease from Q1 FY26 EBIT of ₹61.6 crore
  • Operating EBIT Quarter-on-Quarter Change: 27% decrease from Q4 FY26 EBIT of ₹80.1 crore

Content Cost Analysis

  • Content Cost: ₹44.6 crore
  • Year-on-Year Growth: 90% increase from Q1 FY26 content cost of ₹23.5 crore

Full Year Comparison (FY26 vs FY25)

  • FY26 Revenue from Operations: ₹375.5 crore
  • FY25 Revenue from Operations: ₹310.7 crore
  • Year-on-Year Growth: 21% increase
  • FY26 Operating EBITDA: ₹275.8 crore
  • FY25 Operating EBITDA: ₹206.7 crore
  • Year-on-Year Growth: 33% increase
  • FY26 PAT: ₹216.6 crore
  • FY25 PAT: ₹166.6 crore
  • Year-on-Year Growth: 30% increase

Operational Highlights - Q1 FY27

  • Total songs released: 73 songs
  • Film songs: 55
  • Non-film songs: 18
  • Notable performing songs: "Chunnari Chunnari- Let's Go" and "Tere Paas Main"
  • YouTube subscriber base: 158.3 million (growth during the quarter)

Performance Details of Specific Content

  • "Hai Jawani Toh Ishq Hona Hai" film songs: Crossed 186 million YouTube views
  • "Chunari Chunari Let's Go" track: Surpassed 70 million YouTube views
  • "Main Vaapas Aunga" film songs: Garnered nearly 100 million YouTube views
  • Female version of "Tere Pass Main" song: Strong traction on Spotify
  • "Tere Liye" from film "Prince": Featured among Spotify's Top 10 daily chart songs

Corporate Action

  • The Board of Directors has called for a separate meeting on August 5, 2026 to consider buy-back of shares

Management Commentary

Mr. Kumar Taurani, Chairman & Managing Director, commented that the company's revenue increased 21% over last year to reach ₹106.5 crore, with investment in content increasing by 90%. Performance was supported by healthy contributions from both digital and non-digital segments. The company reinforced its commitment to enhancing shareholder value through the consideration of a share buyback.

Company Background

TIPS Music Ltd, founded in 1988 by Taurani Brothers, is one of India's leading publicly-listed music companies. The company has built its reputation through legendary film soundtracks including Khalnayak, Soldier, Coolie No.1, Rangeela, Pardes, and Taal, with contemporary hits like Raaz, Race franchise, Ramaiya Vastavaiya, Ajab Prem Ki Ghazab Kahani, regional blockbusters Ponniyin Selvan 1 & 2, and recent chart-toppers including Crew, HanuMan, and Saunkan Saunkne series. The label represents celebrated artists across generations and maintains a catalogue of over 38,000 "Must-Have Hits" spanning multiple languages and genres.

Corporate Identification

Safe Harbor Statement

The document contains a standard safe harbor statement noting that forward-looking statements about expected future events and financial results are based on assumptions and subject to risks and uncertainties. Actual results might differ substantially from those expressed or implied.