Tips Music Q3 net jumps 27% to Rs 44 crore, Rs 3/share dividend announced
Tips Music, which has a catalog of over 30,000 music tracks, has recorded a 27% growth in net profit to Rs 44.2 crore for the quarter ended December 31, 2024.
Revenue for the quarter was Rs 77.7 crore, marking a 20% YoY growth. Operating EBITDA stood at Rs 55.6 crore, reflecting a 28% YoY increase with a margin of 71.6%.
For the 9M FY25, revenue totaled Rs 232.2 crore, up 30% YoY, while PAT was Rs 136 crore, a 34% increase YoY.
The company released 116 new songs in Q3FY25, comprising 40 film songs and 76 non-film songs. Digital performance remained robust, with YouTube subscribers reaching 113 million and 9MFY25 views growing by 17% YoY to 171.6 billion. Strategic collaborations, such as the partnership with TikTok, expanded the global reach of Tips Music's extensive library.
An interim dividend of Rs 3 per share was announced, bringing total payouts in FY25 to Rs 136.09 crore.
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