TIPSMUSICNSETips Music LimitedLowNeutral
Announced Thu, 30 Apr · 14:03 IST

Tips Music Limited has informed the Exchange about Transcript

Promoter Disclosed Acquisition PlansOrder Pipeline DisclosedInvestor Communications View source PDF

TIPSMUSIC · price

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Price reaction · full curve 14 horizons · vs prior close
-1.8%1-day move
₹653.85
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₹649.60
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AI summary

Tips Music reported strong Q4 FY26 with revenue of INR103.9 crore (32% YoY growth), EBITDA of INR76.9 crore (106% YoY growth), and PAT of INR59 crore (93% YoY growth). For FY26, revenue stood at INR375.5 crore (21% growth) and PAT at INR216.6 crore (30% growth). The company distributed INR166 crore in dividends during FY26. Growth was driven by exceptional performance from the 90s repertoire catalogue with no one-off items. Digital revenue constitutes ~70% of total while non-digital (publishing, public performance, brands) contributes ~30%. The company released 66 new songs in Q4 (47 film, 19 non-film). YouTube subscriber base grew to 153 million. For FY27, management set a conservative target of 20% top-line and 20% bottom-line growth, though they hope to exceed this. Content cost is planned at INR80-90 crore for FY27 (vs INR60 crore in FY26) with upcoming big releases including David Dhawan and Imtiaz Ali films. The company recently acquired a Gujarati music channel with 4,000 songs and remains open to acquisitions if valuations are appropriate.

Likely market impact

Strong Q4 results with 32% revenue growth driven by catalogue performance. Management set conservative 20% growth guidance for FY27 while planning higher content spend (INR80-90 crore vs INR60 crore) for upcoming big releases, suggesting confidence in sustaining growth momentum. The company remains disciplined on content acquisitions despite strong cash flows.