TIPS Music Ltd, a prominent Indian music label, recently shared its financial results for the quarter ending December 31, 2024. The company demonstrated impressive growth, reporting a 30% increase in revenue compared to the previous year. For the nine months ending December 2024, TIPS Music’s revenue from operations reached Rs. 232.2 crore.
In the third quarter of FY25, TIPS Music earned Rs. 77.7 crore, showing a 20% rise year-over-year. Additionally, the company’s profit after tax stood at Rs. 44.2 crore, indicating a significant 27% increase compared to the same period last year. TIPS Music’s operating EBITDA was recorded at Rs. 55.6 crore, reflecting a 28% growth year-on-year.
Chairman and Managing Director Mr. Kumar Taurani expressed his pleasure with the company’s performance, highlighting the revenue growth and increase in profits. He noted, “In Q3 FY25, we achieved a revenue of Rs. 77.7 crore, which is up 20% from last year.”
For this quarter, TIPS Music reported content costs of Rs. 14.6 crore, slightly down from Rs. 14.7 crore in Q3 of the previous year. The company was busy in this period, releasing 116 new songs, including 40 film tracks and 76 non-film ones. TIPS Music’s YouTube channel has also attracted a considerable audience, with subscriptions reaching 113 million and total views hitting 171.6 billion, representing a 17% rise year-on-year.
Mr. Girish Taurani, Executive Director of TIPS Music, highlighted some recent hit songs, including “Jutti Kasuri” by Gippy Grewal and “Afghani Afeem Hai” by Tony Kakkar. He added that the company has exciting plans for music releases in 2025.
Moreover, TIPS Music has teamed up with TikTok, allowing users worldwide to access its extensive collection of music, which includes both Bollywood classics and regional favorites. The label has also partnered with Sterling Reserve and Bacardi’s Legacy brand to create its own music intellectual properties called “Take 2” and “Roots.”
CEO Mr. Hari Nair noted the strong growth TIPS Music is seeing on digital platforms, praising the collaborations with TikTok and the partnerships with popular brands as indicators of the company’s commitment to innovation and expansion.
In shareholder news, the Board of Directors has declared an interim dividend of Rs. 3 per share, totaling Rs. 38.35 crore. So far in FY25, the overall payout to shareholders, including dividends and buybacks, amounts to Rs. 136.09 crore.
