Tips Music Q2 PAT up 63% YoY, declares Rs 6.50 interim dividend
TIPSMUSIC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.6 pts less than Nifty Microcap 250 and 3.8 pts less than its Media & Entertainment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Tips Music Q2 FY27 revenue from operations grew to about Rs 12,006 lakhs versus Rs 9,623 lakhs YoY, with net profit rising to about Rs 3,627 lakhs from Rs 2,230 lakhs. H1 revenue grew about 21 percent to Rs 22,657 lakhs and H1 profit rose about 61 percent. Board declared first interim dividend of Rs 6.50 per share (650 percent), record date October 22. Company recently completed a buyback of about 6.72 lakh equity shares deploying about Rs 4,515 lakhs.
Strong profit growth and large 650 percent interim dividend are positive for shareholders, alongside the recent buyback.