Music and Youth
Tips Music achieves 32 per cent revenue growth in Q2, announces Rs 2 interim dividend
MUMBAIi: Music may soothe the soul, but for companies like Tips Music Ltd. (formerly Tips Industries Ltd.), it is the balance sheet that truly strikes a chord. The company posted robust results for the quarter ending 30 September 2024, with revenues climbing 32 per cent year-over-year to Rs 80.6 crore and profit after tax (PAT) rising by 21 per cent to Rs 48.2 crore. The growth, underpinned by a slate of new releases and increased digital engagement, underscores Tips Music’s strategy of capturing audience attention and expanding its footprint across diverse platforms.
The company’s operational EBITDA for Q2 FY25 stood at Rs 59.5 crore, a 19 per cent increase from the previous year, with a steady EBITDA margin of 73.8 per cent. For the first half of FY25, revenue totaled Rs 154.5 crore, reflecting a 36 per cent year-over-year increase, while PAT reached Rs 91.7 crore, up by 37 per cent compared to H1 FY24.
The content cost for Q2 FY25 surged by 194 per cent to Rs 13.8 crore compared to Rs 4.7 crore in Q2 FY24, demonstrating the company’s strategic investment in acquiring high-quality music content. During the quarter, Tips Music launched a total of 125 new songs, including 39 film songs and 86 non-film songs, catering to diverse audience tastes.
Tips Music chairman & MD Kumar Taurani said, “I am pleased to share that the company has announced a second interim dividend for the year of Rs 2 per share, in addition to the interim dividend and buyback conducted in Q1 FY25. Our revenue for the quarter stood at Rs 80.6 crore, up by 32 per cent YOY with a PAT of Rs 48.2 crore increasing by 21 per cent YOY. Our relentless focus is on acquiring high-quality music content.”
Added Tips Music executive director Girish Taurani: “In Q2 FY25, we successfully launched 125 new songs, resulting in a diverse range of offerings that cater to a wide audience. This quarter, we released two musical short films, Tedi Medi and Beinteha, both of which have received significant appreciation from the audience. Notable releases include Yaad Reh Jaati Hai from the film The Buckingham Murders, sung by renowned artist B Praak, and Dua Kijiye, which continue to resonate with our listeners.”
Tips Music CEO Hari Nair highlighted the company’s growing digital presence, stating, “Our YouTube channels’ cumulative subscriber base has now reached 108 million, reflecting our increasing influence and engagement. Our market share on audio digital platforms like Spotify and Saavn is also rising steadily. Additionally, our new brands & partnership division is gaining traction, with collaborations such as Motorola using our track Rangeela Re‘ to launch its new line of colorful handsets.”
For the current fiscal year, Tips Music has declared a total shareholder payout of Rs 97.74 crore, including dividends and buybacks. The interim dividend for Q2 FY25 alone amounts to Rs 2 per share, translating to Rs 25.56 crore.
Key Financial Highlights:
– Q2 FY25 Revenue: Rs 80.6 crore, up 32 per cent year-over-year
– Operational EBITDA: Rs 59.5 crore, a 19 per cent increase from Q2 FY24
– PAT: Rs 48.2 crore, reflecting a 21 per cent growth year-over-year
– H1 FY25 Revenue: Rs 154.5 crore, up 36 per cent year-over-year
– H1 FY25 PAT: Rs 91.7 crore, an increase of 37 per cent
Music and Youth
TLC launches ‘World On My Plate’ with Shipra Khanna
New travel-food series premieres 29 March at 7:00 PM.
MUMBAI: Shipra Khanna just packed her bags and her flavours because when a celebrated chef takes you on a global plate tour, even the couch starts feeling like first-class. Warner Bros. Discovery India has announced the launch of World On My Plate with Shipra Khanna, a new travel and food series set to premiere on TLC on 29 March at 7:00 PM. Hosted and curated by the popular chef and television personality, the show blends food, travel and culture through an intimate and immersive lens.
Across three visually rich episodes, Shipra journeys to global destinations to explore not just what people eat, but why they eat it, uncovering the stories, traditions and human connections behind every dish. The series opens in London, weaving its iconic landmarks with diverse culinary scenes, before moving to Spain’s vineyards, olive orchards and coastal kitchens.
Warner Bros. Discovery head of advertising revenues for South Asia Tanaz Mehta said: “At TLC, our focus has always been on bringing authentic stories that reflect how people live and connect. World On My Plate builds on this by using food as a lens to explore shared traditions across geographies. We’re excited to collaborate with Chef Shipra Khanna, whose perspective brings both depth and relatability to these narratives.”
Shipra Khanna added, “Food has always been my way of connecting with people and understanding cultures. With World On My Plate, I’ve had the opportunity to step into new worlds, learn from incredible individuals, and share stories that go far beyond the plate. This show is very special to me.”
The series promises strong visual storytelling, meaningful interactions and a fresh perspective on global cuisine celebrating flavours alongside the emotions and traditions that shape them.
In a world where travel shows often feel like distant postcards, Shipra Khanna is serving up something far more personal: a passport to cultures through their kitchens, proving that the best way to understand a place is still through the plate. Tune in to World On My Plate with Shipra Khanna starting 29 March at 7:00 PM on TLC.
