Tips Music (TIPSMUSIC) investor relations material

Executive summary

• Q2FY27 revenue was ₹12,006.36 lakh, up 35% YoY; net profit was ₹6,573.95 lakh, up 23%.

• H1FY27 revenue was ₹22,657.58 lakh, up 28% YoY; net profit increased 11% to ₹10,943.90 lakh.

• Growth was attributed to new releases and catalog across digital and non-digital platforms; management cited 30%-35% YoY stream growth and no one-off revenue.

Financial highlights

• Q2 operating revenue was ₹12,006.36 lakh versus ₹8,922.42 lakh in Q2FY26 and ₹10,650 lakh in Q1FY27; QoQ growth was 13%.

• Q2 operating EBITDA was ₹84.64 crore, up 25% YoY, with a 70.5% margin; EBIT was ₹88.1 crore, up 23%.

• Q2 net profit was ₹6,573.95 lakh; EPS was ₹5.15 versus ₹4.16 in Q2FY26.

• H1 operating EBITDA was ₹138.2 crore, up 11%; EBIT was ₹146.5 crore, up 10%, and EPS was ₹8.56 versus ₹7.75.

• Content cost was ₹26.2 crore in Q2, up 97% YoY, and ₹70.8 crore in H1, up 93%.

Outlook and guidance

• FY revenue growth is expected to exceed the prior 20% guidance; management declined to give a revised rate and said it would remain conservative.

• FY content-cost guidance remains ₹90 crore-₹100 crore; H2 spending is expected to be much lighter.

• H2 releases are expected to be smaller films and non-film music; first-half releases are expected to continue supporting growth.

• Target is 5-6 film releases annually, including 4-5 Hindi films and 2-3 in other regional languages; management aims for 30% growth with content investment at 20%-22% of top line.