Tips Music Q2 FY27: Revenue Surges 35% to ₹120 Cr, PAT Grows 23%
Tips Music Limited reported a 35% year-on-year revenue growth to ₹120 crore for Q2 FY27. PAT increased by 23% to ₹65.5 crore. The company completed a ₹44.44 crore share buyback and declared an interim dividend of ₹6.5 per share. Content cost for H1 FY27 was ₹71 crore, with full-year guidance at ₹90-100 crore.
The substantial revenue and profit growth, combined with the buyback and dividend announcement, are significant positive financial events for the company that are likely to impact investor sentiment and valuation.
The company reported strong financial results with significant year-on-year growth in revenue and profit, alongside positive updates on content performance and shareholder returns through buyback and dividend.
Tips Music Limited announced its financial results for the quarter and half-year ended September 30, 2026. The company reported a significant year-on-year revenue growth of 35% to ₹120 crore for Q2 FY27, up from ₹89.2 crore in Q2 FY26. Profit after tax (PAT) for the quarter stood at ₹65.5 crore, a 23% increase compared to the previous year's quarter, with a PAT margin of 54%.
For the first half of FY27, revenue reached ₹227 crore, marking a 28% growth over the corresponding period last year. Content cost for the half-year was ₹71 crore, which was front-loaded, with the full-year expectation for content cost remaining between ₹90 crore to ₹100 crore. Operating EBITDA grew by 25% year-on-year to ₹84.64 crore, achieving an EBITDA margin of 70.5% in Q2 FY27.
During the quarter, the company successfully completed a share buyback of ₹44.44 crore and declared an interim dividend of ₹6.5 per share. Tips Music released 73 songs in Q2 FY27, including 40 film songs and 33 non-film songs. Several of their releases achieved significant viewership, with the Punjabi film music album 'Ishqnama' crossing 100 million views on YouTube and the catalog track 'Tera Naam Doon' surpassing 1 billion views on Instagram. The company's YouTube subscriber base grew to 164.5 million, with total views across its content library exceeding 54.3 billion.
The company indicated that the YouTube Shorts monetization deal is still under negotiation. Management reiterated a conservative guidance for revenue and PAT growth, aiming to exceed the 20% mark, and emphasized a focus on new music releases and catalog growth for long-term sustainability.
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Tips Music Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Tips Music Limited. Read the original for the full detail.