Tips Music Ltd

Meeting Details

• Date: October 15, 2026; earnings call audio for investors/analysts uploaded on company website.
• Type and mode: group earnings-call discussion delivered as audio recording.
• Event/organiser: earnings call with investors/analysts by Tips Music Limited.
• Key participants from the company: company management.
• Purpose: discuss unaudited quarterly and half-year results.
• Recording availability: audio uploaded on company website.

Financial & Operational Highlights

• Q2FY27 revenue Rs 120.1 Cr; YoY growth 35%.
• H1FY27 revenue Rs 226.6 Cr; YoY growth 28%.
• PAT Q2FY27 Rs 65.5 Cr; YoY growth 23%.
• H1FY27 PAT Rs 109.4 Cr; YoY growth 11%.
• Q2FY27 Op. EBITDA Rs 84.6 Cr; margin 70.5%.
• Debt-free with Rs 311 Cr cash & investments.
• Interim dividend Rs 6.5 per share; H1FY27 payout Rs 127.1 Cr.
• 73% of revenue from digital platforms (H1FY27).
• 5 million YouTube subscribers.

Strategic & Growth Context

• Only listed player to expense 100% of content cost in the quarter.
• Monetization of Shorts; subscription revenue growth ~40-50% CAGR industry-wide.
• Digital ad spend in India projected to reach 70% by 2027.
• Content catalog includes 38,000 songs across languages.
• YouTube remains a major channel; strong international/diaspora reach.
• Dividend policy and buyback framework underpin capital allocation.

Subject

• Press release on unaudited Q2 FY27 results for quarter ended Sept 30, 2026.

Financial highlights

• Revenue from operations ₹120.1 crore in Q2 FY27, up 35% YoY.
• PAT ₹65.5 crore, up 23% YoY.
• EBITDA ₹84.6 crore, up 25% YoY.
• EBITDA margin 70.5% in Q2 FY27 (76.0% Q2 FY26).
• PAT margin 54.6% in Q2 FY27 (59.6% Q2 FY26).
• H1 FY27 revenue ₹226.6 crore, up 28% YoY.

Dividends and buyback

• Interim dividend of ₹6.50 per share declared.
• Share buyback of ₹44.44 crore completed.

Operational highlights

• Q2 FY27 songs released: 73 (40 film, 33 non-film).
• Ishqnama YouTube views >100 million.
• Aankhon Se Tune views ~66 million.
• YouTube subscribers: 164.5 million.

Outlook

• Management is confident to surpass annual growth guidance of 20%.

Dividend declaration

• Interim dividend declared for FY 2026-27.
• Dividend amount: Rs 6.50 per equity share.
• Face value of the share is Re 1.
• Record date fixed as October 22, 2026.
• Payment date: on or before November 12, 2026.

Tips Music Limited: Trading Window closed for Designated Persons from October 1, 2026 till 48 hours after the declaration of the Unaudited Financial Results for the quarter and half year ended September 30, 2026.

Extinguishment and capital effect

• Extinguished 3,24,700 equity shares bought back Sep 9–18, 2026.
• Pre-buyback paid-up capital: ₹12,78,31,590; post-extinguishment: ₹12,75,06,890.
• CDSL debit confirmation for 3,24,700 dematerialised shares.
• Certificate of extinguishment enclosed for the extinguished shares.