Financial Performance - Q2 FY27 vs Q2 FY26
Revenue from Operations: ₹120.1 crore (vs ₹89.2 crore in Q2 FY26), representing 35% year-on-year growth
Operating EBITDA: ₹84.6 crore (vs ₹67.8 crore in Q2 FY26), representing 25% year-on-year growth
Operating EBITDA Margin: 70.5% (vs 76.0% in Q2 FY26)
Operating EBIT: ₹88.1 crore (vs ₹71.7 crore in Q2 FY26), representing 23% year-on-year growth
Profit After Tax (PAT): ₹65.5 crore (vs ₹53.2 crore in Q2 FY26), representing 23% year-on-year growth
PAT Margin: 54.6% (vs 59.6% in Q2 FY26)
Content Cost: ₹26.2 crore (vs ₹13.3 crore in Q2 FY26), representing 97% year-on-year increase
Financial Performance - Q2 FY27 vs Q1 FY27
Revenue from Operations: ₹120.1 crore (vs ₹106.5 crore in Q1 FY27), representing 13% quarter-on-quarter growth
Operating EBITDA: ₹84.6 crore (vs ₹53.5 crore in Q1 FY27), representing 58% quarter-on-quarter growth
Operating EBITDA Margin: 70.5% (vs 50.3% in Q1 FY27)
Operating EBIT: ₹88.1 crore (vs ₹58.4 crore in Q1 FY27), representing 51% quarter-on-quarter growth
Profit After Tax (PAT): ₹65.5 crore (vs ₹43.9 crore in Q1 FY27), representing 49% quarter-on-quarter growth
PAT Margin: 54.6% (vs 41.2% in Q1 FY27)
Half Yearly Performance - H1 FY27 vs H1 FY26
Revenue from Operations: ₹226.6 crore (vs ₹177.3 crore in H1 FY26), representing 28% year-on-year growth
Operating EBITDA: ₹138.2 crore (vs ₹124.4 crore in H1 FY26), representing 11% year-on-year growth
Operating EBITDA Margin: 61.0% (vs 70.1% in H1 FY26)
Operating EBIT: ₹146.5 crore (vs ₹133.3 crore in H1 FY26), representing 10% year-on-year growth
Profit After Tax (PAT): ₹109.4 crore (vs ₹98.9 crore in H1 FY26), representing 11% year-on-year growth
PAT Margin: 48.3% (vs 55.8% in H1 FY26)
Operational Highlights
Content Releases: 73 songs released during Q2 FY27 (40 film songs and 33 non-film songs)
YouTube Performance: Punjabi music album 'Ishqnama' surpassed 100 million YouTube views; re-created song 'Aankhon Se Tune' crossed 66 million views on YouTube
Subscriber Base: YouTube subscriber base stood at 164.5 million
Total Views: Cumulative YouTube views exceeded 54.3 billion
Catalog Performance: 'Tera Naam Doon' crossed 1 billion views on Instagram; 'Chunari Chunari Let's Go' crossed 100 million views; female version of 'Tere Paas Mein' from 'Main Vaapas Aunga' performed strongly on Spotify
Corporate Actions
Interim Dividend: Announced interim dividend of ₹6.50 per share
Share Buyback: Successfully completed ₹44.44 crore share buyback program
Management Commentary
Mr. Kumar Taurani, Chairman & Managing Director, stated that the company is "quite confident to surpass our annual guidance of 20% growth" and emphasized the company's "continued focus on delivering value to shareholders" through the dividend and buyback.
Company Background
TIPS Music Ltd is one of India's leading publicly-listed music companies, founded in 1988 by Taurani Brothers. The company has over 38,000 songs in its catalog spanning multiple languages and genres.
Investor Relations Contacts
MUFG: Mr. Nikunj Jain (nikunj.jain@in.mpms.mufg.com), Ms. Ayushi Gupta (ayushi.gupta@in.mpms.mufg.com)