TIPS Music delivers impressive Q3 outcomes, sees | Indian Movie News
TIPS Music Ltd, a main Indian music label, introduced its financial outcomes for the quarter ending December 31, 2024, showcasing a robust efficiency. The company reported a income growth of 30% year-over-year (y-o-y), with income from operations standing at Rs. 232.2 crore for the 9 months ending December 2024.
In the third quarter of FY25, TIPS Music achieved a income of Rs. 77.7 crore, up 20% y-o-y, with a revenue after tax (PAT) of Rs. 44.2 crore, marking a 27% increase y-o-y. The company’s working EBITDA (earnings earlier than curiosity, taxes, depreciation, and amortization) stood at Rs. 55.6 crore, reflecting a 28% growth y-o-y.
“We are pleased to announce that the company has performed well,” mentioned Mr. Kumar Taurani, Chairman and Managing Director, TIPS Music. “For Q3FY25, we achieved a revenue of Rs. 77.7 crore, up 20% year-on-year, with a PAT of Rs. 44.2 crore, marking a 27% increase YoY.”
The company’s content material price for the quarter stood at Rs. 14.6 crore, in comparison with Rs. 14.7 crore in Q3FY24. During the quarter, TIPS Music launched 116 new songs, together with 40 movie songs and 76 non-film songs. The company’s YouTube subscriber base has now reached a outstanding 113 million, with YouTube views for 9MFY25 standing at 171.6 billion, up 17% y-o-y.
“In Q3 FY25, we launched 116 songs, including popular tracks like ‘Jutti Kasuri’ by Gippy Grewal, ‘Afghani Afeem Hai’ by Tony Kakkar, and ‘Tiyariyan’ from the movie Hoshiar Singh by Satinder Sartaaj,” mentioned Mr. Girish Taurani, Executive Director, TIPS Music. “We have a very exciting lineup of releases planned for 2025.”
TIPS Music has additionally collaborated with TikTok, giving customers worldwide entry to its various library, that includes Bollywood classics and regional hits. The company has partnered with Sterling Reserve and Bacardi’s Legacy model to launch its own music-IP known as “Take 2” and “Roots,” respectively.
“We are seeing strong growth for our music across digital platforms,” mentioned Mr. Hari Nair, Chief Executive Officer, TIPS Music. “Our collaboration with TikTok and partnerships with Sterling Reserve and Bacardi’s Legacy brand are testament to our commitment to innovation and expansion.”
The Board of Directors has introduced an interim dividend of Rs. 3 per share, amounting to Rs. 38.35 crore. The complete payout to shareholders, together with dividend and buyback, stands at Rs. 136.09 crore in FY25 to this point.
TIPS Music delivers impressive Q3 outcomes, sees | Watch Online Free
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