TIPS Delivered Strong Double Digit Revenue Growth In H1FY26

For H1FY26 Revenue Growth of 15% y-o-y & PAT Growth of 8% y-o-y

TIPS Music Ltd (formerly Tips Industries Ltd.), a leading Indian music label, announced its Financial Results for the Quarter Ending September 30, 2025.

 

Financial Highlights – Q2FY26 

Revenue from Operations

₹ 89.2 Cr

+11%

YoY

Op. EBITDA

₹ 67.8 Cr

+14%

YoY

Profit After Tax

₹53.2 Cr

+10%

YoY

 

Key Financial Performance

Particulate (₹ Cr)	Q2 FY26	Q2 FY25	Y-o-Y	Q1 FY26	Q-o-Q	H1FY26	H1FY25	Y-o-Y
Revenue from Operations	89.2	80.6	11%	88.1	1%	177.3	154.5	15%
Op. EBITDA	67.8	59.5	14%	56.5	20%	124.4	113.8	9%
Op. EBITDA %	76.0%	73.8%		64.2%		70.1%	73.7%
Op. EBIT	71.7	64.5	11%	61.6	16%	133.3	122.9	8%
PAT	53.2	48.2	10%	45.7	16%	98.9	91.7	8%
PAT Margin	59.6%	59.7%		51.9%		55.8%	59.3%

Key Highlights:

    Revenue stood at ₹89.2 crore in Q2FY26, reflecting a 11% y-o-y increase compared to Q2 FY25

    Content cost for the quarter was ₹13.3 crore, indicating a 4% y-o-y decline from ₹13.8 crore in Q2FY25

    Profit After Tax (PAT) reached ₹53.2 crore in Q2FY26, showing a y-o-y growth of 10% over ₹48.2

crore reported in Q2FY25

    During Q2FY26, a total of 133 songs were released, comprising 76 film tracks and 57 non-film tracks. Notably, the Telugu track ‘Vibe Undi’ emerged as one of the biggest hits of the quarter

    YouTube subscriber base expanded to 134 million

    An interim dividend of ₹4 per share was declared for Q2FY26, amounting to ₹51.13 crore. Total payout to shareholders is ₹102.26 crore

Commenting on the Results,

Mr. Kumar Taurani – Chairman & Managing Director said, “Despite the challenging industry environment, the company’s revenue grew by 15% YoY in the H1 FY26. Over the longer term, we expect strong business momentum, supported by sustained paid subscriber growth, beginning of ad revenue sharing from short-form content platforms, and robust expansion in the public performance segment. I am also pleased to share that the Board of Directors has declared a second interim dividend of ₹ 4 per share for the financial year 2026.”

Highlights for Q2 FY26: We released 133 songs including 76 film songs and 57 non-film songs. During the quarter, the song “Vibe Undi” from the Telugu film “Mirai” crossed over 69 million views and was among the top 5 music video on You Tube. Another release, “Raaj Karega Mallik” from the movie “Maalik”, crossed 25 million views on YouTube. Our catalogue performance on Meta is very heartening, the songs “Tere Aane Se” from movie “Run” did 1.50 billion views while songs “Saajan Saajan” from movie “Dil Ka Rishta” and song “ Kahin Aag Lage Lag Jaaye” from movie “Taal” did 850 mn and 700mn views respectively during the quarter.

About TIPS Music Ltd:

Founded in 1988 by Taurani Brothers, TIPS Music Ltd. stands as one of India's leading publicly-listed music company. The company built its reputation through legendary film soundtracks of the 1990s including Khalnayak, Soldier, Coolie No.1, Gupt, Pardes, and Taal, while continuing its success story with contemporary hits like Raaz, the Race franchise, Ramaiya Vastavaiya, Ajab Prem Ki Ghazab Kahani, regional blockbusters Ponniyin Selvan 1 & 2, and recent chart-toppers including Crew, HanuMan, and the popular Saunkan Saunkne series that showcases TIPS' expansion into regional cinema.

The label has been home to India's most celebrated artists across generations, from legendary voices like Alka Yagnik, Kumar Sanu, Udit Narayan, and Sonu Nigam to today's superstars including A.R. Rahman, Diljit Dosanjh, Badshah, Arijit Singh, B Praak and Aditya Rikhari. With over 34,000 "Must-Have Hits" in its catalogue spanning multiple languages and genres, serving as an essential partner for digital platforms, streaming services, and broadcasters while maintaining its commitment and focus to deliver best music content.