iWorld
Tips Music Q2 profit rises 24 per cent as board declares Rs 6.50 dividend
Revenue climbs 35 per cent to Rs 120.06 crore as the music label sets 22 October as dividend record date
MUMBAI: Tips Music is hitting a high note on the profit front, with the music label reporting a 23.6 per cent year-on-year rise in net profit for the quarter ended 30 September 2026, while rewarding shareholders with an interim dividend.
The company’s net profit rose to Rs 65.74 crore in the second quarter of FY27, from Rs 53.19 crore in the corresponding quarter last year. Revenue from operations climbed 34.6 per cent to Rs 120.06 crore, compared with Rs 89.22 crore a year earlier, according to its unaudited financial results approved by the board on 15 October.
Total income increased to Rs 124.52 crore from Rs 93.73 crore in the year-ago quarter. Expenses, however, rose to Rs 36.48 crore from Rs 22.06 crore, led by higher acquisition costs and in-house music production expenses, which stood at Rs 12.13 crore against Rs 5.79 crore a year earlier. Advertisement and sales promotion expenses also increased to Rs 12.56 crore from Rs 5.06 crore.
Profit before tax rose to Rs 88.04 crore from Rs 71.67 crore, while earnings per share increased to Rs 5.15 from Rs 4.16.
For the six months ended 30 September 2026, revenue from operations grew to Rs 226.58 crore from Rs 177.29 crore in the corresponding period last year. Net profit increased to Rs 109.44 crore from Rs 99.03 crore, while total income rose to Rs 236.85 crore from Rs 187.49 crore.
The board has declared a first interim dividend of Rs 6.50 per equity share, representing 650 per cent of the face value of Re. 1 per share, for the financial year 2026-27. Thursday, 22 October 2026, has been fixed as the record date for determining eligible shareholders. The dividend will be paid on or before 12 November 2026.
The dividend announcement follows the company’s share buyback, which concluded during the September quarter. Tips Music bought back 6,71,946 equity shares, representing 0.53 per cent of its paid-up equity share capital as at 30 June 2026, at a price of up to Rs 750 per share. The transaction resulted in a cash outflow of Rs 45.15 crore, including transaction costs of Rs 70.91 lakh.
The financial results were reviewed by the audit committee and approved by the board on 15 October 2026. Statutory auditor MSKA & Associates LLP issued a limited review report with an unmodified conclusion.
