Multibagger Tips Music stock climbs over 13% after June quarter results, buyback plan

Tips Music shares surged 13.5% to an intraday high of Rs 707.90 after the company posted Q1 FY27 results and announced a board meeting on August 5 to consider a share buyback. Revenue grew 21% year-on-year to Rs 106.5 crore, but net profit slipped 4% to Rs 43.9 crore, with EBITDA margins contracting sharply from 64.2% to 50.3% as content acquisition costs jumped 90% to Rs 44.6 crore. The stock has rebounded 54% from its March 2026 lows, though it remains about 25% below its November 2024 record high of Rs 950.