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Tips Music Limited Q2 FY27 earnings call summary

NSE: TIPSMUSIC · BSE: 532375

Earnings call of 15 Oct 2026, summarised by AI from the filing.

Tips Music Q2 FY27 revenue ₹120 cr (+35%) with PAT ₹65.5 cr; FY27 content cost kept at ₹90-100 cr and growth guidance at 20% for now.

Key takeaways

  1. Content spend H1 content cost of ₹71 cr was front-loaded, so H2 will be much lighter.
  2. Growth driver Growth came from both new releases and catalogue across digital and non-digital platforms, primarily volume-driven.
  3. Content costs Intense competition has made content acquisition costs very high.

Original filing on BSE

Tips Music Limited Q2 FY27 results

As filed: Revenue ₹120 cr (+35% year on year), EBITDA ₹84.7 cr (+25% year on year), PAT ₹65.7 cr (+24% year on year), EBITDA margin 70.5% (−589 bps).

The Q2 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q1 FY27: Revenue ₹107 cr (+21% year on year), EBITDA ₹53.5 cr (−6% year on year), PAT ₹43.7 cr (−5% year on year), EBITDA margin 50.3% (−1,000 bps). Score 38 of 100, Below trend. EBITDA margin fell 1000 bps year on year. Not enough history for a trend yet: scored on growth alone. Profit fell 26% from last quarter. Share price after the results: −8.6% in 30 days (Nifty 500: +0.8%).
  • Q4 FY26: Revenue ₹104 cr (+33% year on year), EBITDA ₹76.9 cr (+108% year on year), PAT ₹59.1 cr (+91% year on year), EBITDA margin 74.0% (+1,000 bps). Score 96 of 100, Above trend. EBITDA margin rose 1000 bps year on year. Not enough history for a trend yet: scored on growth alone. Share price after the results: +13.6% in 29 days (Nifty 500: −1.5%).
  • Q3 FY26: Revenue ₹94.3 cr (+21% year on year), EBITDA ₹74.5 cr (+33% year on year), PAT ₹58.7 cr (+33% year on year), EBITDA margin 79.0% (+724 bps). Score 79 of 100, Above trend. EBITDA margin rose 724 bps year on year. Not enough history for a trend yet: scored on growth alone. Share price after the results: +8.6% in 30 days (Nifty 500: +0.7%).
  • Q2 FY26: Revenue ₹89.0 cr (+10% year on year), EBITDA ₹68.0 cr (+15% year on year), PAT ₹53.0 cr (+10% year on year), EBITDA margin 76.4% (+356 bps). Score 57 of 100, In line with trend. EBITDA margin rose 356 bps year on year. Not enough history for a trend yet: scored on growth alone. Share price after the results: −7.3% in 30 days (Nifty 500: +2.8%).
  • Q1 FY26: Revenue ₹88.0 cr, EBITDA ₹57.0 cr, PAT ₹46.0 cr, EBITDA margin 64.8%. Not scored. No result for the same quarter last year. Share price after the results: −4.6% in 30 days (Nifty 500: −2.4%).
  • Q4 FY25: Revenue ₹78.0 cr, EBITDA ₹37.0 cr, PAT ₹31.0 cr, EBITDA margin 47.4%. Not scored. No result for the same quarter last year.
  • Q3 FY25: Revenue ₹78.0 cr, EBITDA ₹56.0 cr, PAT ₹44.0 cr, EBITDA margin 71.8%. Not scored. No result for the same quarter last year.

Past price moves after results do not indicate future moves. Not a recommendation.

Tips Music Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.