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.
The transaction, which is subject to regulatory approvals, is expected to close in the second half of 2025.
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