Net profit for the quarter rose by 21%, reaching Rs 48.2 crore. In the first half of FY25, revenue stood at Rs 154.5 crore, marking a 36% rise compared to the same period last year.
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TIPS Music Limited, a leading Indian music label, has announced its financial results for the second quarter ending September 30, 2024. The company reported revenue of Rs 80.6 crore, reflecting a 32% increase year-on-year. Net profit for the quarter rose by 21%, reaching Rs 48.2 crore. In the first half of FY25, revenue stood at Rs 154.5 crore, marking a 36% rise compared to the same period last year.
Content costs for Q2FY25 surged to Rs 13.8 crore, up from Rs 4.7 crore in the corresponding quarter last year—a substantial 194% increase. This spike is attributed to the company’s intensified music production efforts, with the launch of 125 new songs during the quarter, including 39 from films and 86 non-film releases.
TIPS Music’s digital footprint also grew, with its YouTube subscriber base increasing by 21%, reaching 108 million subscribers, underscoring the expanding reach of its digital content.
The company declared an interim dividend of Rs 2 per share, totaling Rs 25.56 crore for the quarter. Including dividends and share buybacks, TIPS Music has distributed Rs 97.74 crore to shareholders in FY25 so far.