TIPS Music Ltd, a number one Indian music label, introduced its monetary outcomes for the quarter ending December 31, 2024, showcasing a powerful efficiency. The corporate reported a income development of 30% year-over-year (y-o-y), with income from operations standing at Rs. 232.2 crore for the 9 months ending December 2024.
TIPS Music delivers spectacular Q3 outcomes, sees 30% bounce in income to Rs. 232.2 cr, up from Rs. 178.3 cr
Within the third quarter of FY25, TIPS Music achieved a income of Rs. 77.7 crore, up 20% y-o-y, with a revenue after tax (PAT) of Rs. 44.2 crore, marking a 27% enhance y-o-y. The corporate’s working EBITDA (earnings earlier than curiosity, taxes, depreciation, and amortization) stood at Rs. 55.6 crore, reflecting a 28% development y-o-y.
“We’re happy to announce that the corporate has carried out properly,” stated Mr. Kumar Taurani, Chairman and Managing Director, TIPS Music. “For Q3FY25, we achieved a income of Rs. 77.7 crore, up 20% year-on-year, with a PAT of Rs. 44.2 crore, marking a 27% enhance YoY.”
The corporate’s content material price for the quarter stood at Rs. 14.6 crore, in comparison with Rs. 14.7 crore in Q3FY24. Through the quarter, TIPS Music launched 116 new songs, together with 40 movie songs and 76 non-film songs. The corporate’s YouTube subscriber base has now reached a exceptional 113 million, with YouTube views for 9MFY25 standing at 171.6 billion, up 17% y-o-y.
“In Q3 FY25, we launched 116 songs, together with standard tracks like ‘Jutti Kasuri’ by Gippy Grewal, ‘Afghani Afeem Hai’ by Tony Kakkar, and ‘Tiyariyan’ from the film Hoshiar Singh by Satinder Sartaaj,” stated Mr. Girish Taurani, Govt Director, TIPS Music. “We’ve got a really thrilling lineup of releases deliberate for 2025.”
TIPS Music has additionally collaborated with TikTok, giving customers worldwide entry to its various library, that includes Bollywood classics and regional hits. The corporate has partnered with Sterling Reserve and Bacardi’s Legacy model to launch its personal music-IP known as “Take 2” and “Roots,” respectively.
“We’re seeing sturdy development for our music throughout digital platforms,” stated Mr. Hari Nair, Chief Govt Officer, TIPS Music. “Our collaboration with TikTok and partnerships with Sterling Reserve and Bacardi’s Legacy model are testomony to our dedication to innovation and growth.”
The Board of Administrators has introduced an interim dividend of Rs. 3 per share, amounting to Rs. 38.35 crore. The full payout to shareholders, together with dividend and buyback, stands at Rs. 136.09 crore in FY25 thus far.
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