Tips Industries Q1 results: Net profit surges 61% to Rs 44 crore
Tips Industries' net profit increased by 61% to Rs 44 crore for the quarter ended June due to robust revenue growth and efficient content investment. Operating profit was up 55% to Rs 54 crore.
Revenue from operations jumped 40% to Rs 74 crore. The company's YouTube subscriber base reached 104 million, with views increasing 29% to 62.2 billion.
Content cost increased by 4% to Rs 13 crore during the quarter, with the release of 97 new songs, including 18 new film songs and 79 non-film songs.
The company declared an interim dividend of Rs 2 per share, amounting to Rs 25.56 crore. The total payout to shareholders in FY25, including dividends and buybacks, reached Rs 72.18 crore.
Tips Industries CMD Kumar Taurani said, «Our primary focus is always on quality music. We have successfully completed the buyback of shares amounting to Rs 46.62 crore, inclusive of all taxes for non-promoter shareholders. We remain committed to returning value to our shareholders.”
The company's executive director, Girish Taurani, said, “Last quarter, our notable releases 'Choli ke Peeche' and 'Naina' from the movie Crew each surpassed 100 million views on YouTube. Our track 'Soni Soni' from Ishq Vishk Rebound reached the top-10 on Spotify charts. Other songs from the film, including 'Ishq Vishk Pyaar Vyaar' and the revamped “Gore Gore Mukhde Pe” by Badshah, have also been well received, reflecting our dedication to delivering engaging music content.»
“Our music is experiencing solid growth across all digital platforms, with YouTube,
