TIPS Music Achieves Impressive Performance in Recent Results

New Delhi, 22nd January 2024: TIPS Music Ltd (formerly Tips Industries Ltd.), a leading Indian music label, announced its Financial Results for the Quarter Ending December 31, 2024.

Key Highlights:

• Q3FY25 Revenue ₹ 77.7 Cr, reflecting a y-o-y growth of 20%. Revenue for 9M FY25 stood at ₹ 232.2 Cr up 30% y-o-y
• The content cost for the quarter stood at ₹ 14.6 Cr compared to ₹ 14.7 Cr in Q3FY24
• For Q3FY25 the company released 116 new songs., of which 40 were new film songs and 76 Non- Film songs
• YouTube subscribers now stand at 113 Mn. For 9MFY25 YouTube views were 171.6 Bn up 17% y-o-y
• The Board has announced an interim dividend of ₹ 3 per share amounting to ₹ 38.35 Cr. Total payout to shareholders including dividend and buyback is ₹136.09 Cr in FY25 so far

Commenting on the Results, Mr. Kumar Taurani – Chairman & Managing Director said, “I am pleased to announce that the company has performed well. For Q3FY25, we achieved a revenue of ₹77.7 Cr, up 20% year-on-year, with a PAT of ₹44.2 Cr, marking a 27% increase YoY. In line with our commitment to enhance shareholder value, the company has announced a 3rd interim dividend of ₹3 per share. ”

Mr. Girish Taurani – Executive Director said, “In Q3 FY 25 we launched 116 songs. This includes 40 film songs and 76 non-film songs. Our YouTube subscriber base has now reached a remarkable 113 million. This quarter saw the release of popular songs like “Jutti Kasuri” by Gippy Grewal, “Afghani Afeem Hai” by Tony Kakkar, and “Tiyariyan” from movie Hoshiar Singh by Satinder Sartaaj all of which were well- received by our audience. We have a very exciting lineup of releases planned for 2025.”

Mr. Hari Nair – Chief Executive Officer said, “We are seeing strong growth for our music across digital platforms. I am excited to announce our collaboration with TikTok, giving users worldwide access to Tips Music’s diverse library, featuring Bollywood classics and regional hits. We partnered with Sterling Reserve and Bacardi’s Legacy brand to launch our own music-IP called “Take 2” and “Roots” respectively.”