Mumbai: Tips Music, an Indian music label, shared its financial results for the quarter ending June 30, 2024.
RevenuefromOperations
₹73.9Cr + 40%
Op.EBITDA
₹54.4Cr + 55%
ProfitAfter Tax
₹43.6Cr + 61%
Key Financial Performance
| Particulate(₹ Cr) | Q1FY25 | Q1FY24 | Y-o-Y | Q4FY24 | Q-o-Q | FY24 | FY23 | Y-o-Y |
| RevenuefromOperations | 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% |
| PATMargin | 58.9% | 51.5% | 40.7% | 52.7% | 41.0% |
In Q1FY25, the company reported revenues of ₹73.9 Cr, marking a significant year-on-year growth of 40%. The content cost for the quarter was ₹12.7 Cr, up 4% from ₹12.2 Cr in Q1FY24. During this period, the company launched a total of 97 new songs, including 18 New Film songs and 79 Non-Film songs. Two consecutive hit music albums, Crew & Ishq Vishk Rebound, contributed to this success.
The YouTube subscriber base has grown to 104 million, with views reaching 62.2 billion in Q1FY25, showing a 29% increase year-on-year. Additionally, the company declared an interim dividend of ₹2 per share for Q1FY25, totaling ₹25.56 Cr. Including dividends and buybacks, the total payout to shareholders in FY25 thus far amounts to ₹72.18 Cr.
Commenting on the Results, Kumar Taurani – Chairman & Managing Director said, “I am delightedto share with you that the Q1 FY2025 has been remarkable for us.Our revenue for the Quarter stood at ₹73.9 Crores up by 40% YoY with a PAT of ₹43.6 Crores increasing by 61% YoY. This demonstrate sour 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 buy back 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’ fromthemovieCrew eachsurpassed100 millionviews onYouTube.Our track’Soni Soni’from IshqVishkRebound 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.”
