eNews
TIPS industries reports 40 per cent revenue growth, 61 per cent PAT increase Y-o-Y
Mumbai: TIPS Industries Ltd (Tips Music), a music label which creates and monetises music, announced its financial results for the quarter ending 30 June 2024.
| Revenue from Operations | 73.9 | 52.6 | 40% | 63.3 | 17% | 241.6 | 186.8 | 29% |
| Op. EBITDA | 54.4 | 35.0 | 55% | 30.2 | 80% | 158.5 | 101.9 | 55% |
| Op. EBITDA % | 73.6% | 66.6% | 47.7% | 65.6% | 54.6% | |||
| Op. EBIT | 58.4 | 36.5 | 60% | 35.0 | 67% | 170.9 | 105.9 | 61% |
| PAT | 43.6 | 27.1 | 61% | 25.8 | 70% | 127.2 | 76.5 | 66% |
| PAT Margin | 58.9% | 51.5% | 40.7% | 52.7% | 41.0% |
Commenting on the Results,
Kumar Taurani – chairman & managing director said, “I am delighted to share with you that the Q1 FY2025 has been remarkable for us. Our revenue for the Quarter stood at Rs 73.9 Crores up by 40 per cent YoY with a PAT of Rs 43.6 Crores increasing by 61 per cnet YoY. This demonstrates our commitment to growing and improving our business. In Q1 FY25, we released around 97 new songs out of which, 18 were new Film songs and 79 Non-Film songs. Our primary focus is always on quality music. We have successfully completed the buyback of shares amounting to Rs 46.62 crores inclusive of all taxes for non-promoter shareholders. We remain committed to returning value to our shareholders.”
Girish Taurani – executive director said, “Last quarter, our notable releases ‘Choli ke Peeche’ and ‘Naina’ from the movie Crew each surpassed 100 million views on YouTube. Our track ‘Soni Soni’ from Ishq Vishk Rebound reached the top 10 on Spotify charts. Other songs from the film, including ‘Ishq Vishk Pyaar Vyaar’ and the revamped “Gore Gore Mukhde Pe” by Badshah, have also been well received, reflecting our dedication to delivering engaging music content.
Hari Nair – chief executive officer said, “Our music is experiencing solid growth across all digital platforms, with YouTube, Spotify, and Jio Saavn being key drivers for both new releases and our catalogue.”
eNews
Swiggy sees record orders during India vs New Zealand T20 final
Chicken biryani tops match-day menu as fans order 7,500 times per minute at peak.
MUMBAI: India’s T20 final didn’t just break stumps, it broke Swiggy’s delivery records, proving cricket fans celebrate victories with plates, not just flags. Swiggy, India’s leading on-demand convenience platform, reported a sharp spike in food orders during the ICC Men’s T20 World Cup final between India and New Zealand. On 8 March 2026, overall orders rose 23.2 per cent year-on-year compared with the same date in 2025, driven by fans turning living rooms into mini stadiums complete with match-day feasts.
Key highlights from the evening:
- Orders during peak match hours (7–10 pm) were 2.1 times higher than pre-match levels.
- The highest order rate hit 7,500 orders per minute at 19:45.
- Chicken biryani reigned supreme as the most-ordered dish, followed by masala dosa, chicken fried rice, garlic breadsticks and paneer butter masala.
While metros such as Bengaluru, Mumbai and Hyderabad led volumes, the cricketing fever spread nationwide. Among emerging cities, Thiruvananthapuram, Surat and Rajkot recorded the strongest order growth. Smaller markets including Shillong, Agartala and Port Blair also showed significant appetite, underlining the expanding footprint of quick-commerce food delivery across India.
The surge reflects a growing trend of pairing major sporting events with doorstep delivery, turning big matches into shared, convenient celebrations. In a night where every boundary mattered, Swiggy proved the real MVP might just be the delivery partner who kept the snacks and the vibes flowing without missing a single wicket.
