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TIPS Music Ltd, previously often called Ideas Industries Ltd., has introduced monetary outcomes for the quarter ending September 30, 2024. The Indian music label reported sturdy development throughout a number of key metrics, showcasing its robust efficiency in a aggressive business. For the second quarter of FY25, TIPS Music recorded income from operations of Rs. 80.6 crores, reflecting a outstanding year-on-year development of 32% in comparison with Rs. 60.9 crores in the identical quarter final yr. This upward development continues from the earlier quarter, which noticed revenues of Rs. 73.9 crores, marking a quarter-on-quarter improve of 9%. The entire income for the primary half of FY25 stood at Rs. 154.5 crores, up 36% from Rs. 113.5 crores in H1 FY24.
TIPS Music sees income surge to Rs. 80.6 crores and PAT rise to Rs. 48.2 crores in Q2 FY25 Outcomes – Learn Detailed Report
The corporate’s working EBITDA (Earnings Earlier than Curiosity, Taxes, Depreciation, and Amortization) reached Rs. 59.5 crores, indicating a 19% improve from Rs. 49.8 crores in Q2 FY24 and a 9% rise from Rs. 54.4 crores in Q1 FY25. The working EBITDA margin for the quarter was reported at 73.8%, barely down from 81.9% year-on-year however in keeping with the margin of 73.6% from the earlier quarter.
When it comes to profitability, TIPS Music recorded a Revenue After Tax (PAT) of Rs. 48.2 crores, which is a 21% improve from Rs. 39.7 crores in Q2 FY24 and an 11% rise from Rs. 43.6 crores in Q1 FY25. The PAT margin for the quarter stood at 59.7%, down from 65.2% a yr earlier however comparatively secure in comparison with 58.9% within the earlier quarter.
In Q2 FY25, TIPS Music launched a complete of 125 new songs, together with 39 new movie songs and 86 non-film songs. The content material price for the quarter rose considerably to ₹13.8 crores, in comparison with Rs. 4.7 crore in Q2 FY24, reflecting a rise of 194%.
TIPS Music’s YouTube channel has seen spectacular subscriber development, reaching 108 million—a 21% improve in comparison with the earlier yr. The corporate declared an interim dividend of ₹2 per share for Q2 FY25, totalling Rs. 25.56 crores. Cumulatively, TIPS Music’s complete payout to shareholders, together with dividends and buybacks, has reached Rs. 97.74 crores in FY25 thus far.
Kumar Taurani, Chairman & Managing Director, stated, “I’m happy to share that the corporate has introduced a 2nd interim dividend for the yr of Rs. 2 per share, along with interim dividend distributed and buyback carried out in Q1FY25. Our income for the quarter stood at Rs. 80.6 Cr up by 32% YOY with a PAT of Rs. 48.2 Cr rising by 21% YOY. Our relentless focus is on buying high-quality music content material.”
Girish Taurani, Government Director, stated, “In Q2 FY2025 we efficiently launched 125 new songs, of which, 39 have been new Movie songs and 86 Non-Movie songs, leading to a various vary of choices that cater to a large viewers. This quarter, we launched two musical brief movies, ‘Tedi Medi’ and ‘Beinteha’, each of which have obtained vital appreciation from the viewers. A notable launch for this quarter is the track ‘Yaad Reh Jaati Hai’ from the movie The Buckingham Murders, sung by the famend B Praak, together with one other track launched this quarter ‘Dua Kijiye’. Each tracks have gained recognition and proceed to develop with our audiences.”
Hari Nair – Chief Government Officer, stated, “Our YouTube channels cumulative subscriber base has now reached 108 million, reflecting our rising affect and engagement. The market share on audio digital platforms like Spotify, Saavn and so on is rising steadily. Moreover, the brand new division of “Manufacturers & Partnership” has began clocking revenues; Motorola used our monitor ‘Rangeela Re’, to launch its new set of vibrant handsets.”
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