Tips Music has announced its financial results for the third quarter of fiscal year 2025, showcasing a robust performance. The Media and Entertainment company posted a 27% increase in profit, reaching Rs 44.2 crore for the October-December 2024 period, compared to Rs 34.7 crore in the same quarter last year.
The company’s revenue from operations also saw a significant year-on-year growth of 20%. Revenue for Q3 FY25 stood at Rs 77.7 crore, while the total revenue for the first nine months of the fiscal year reached Rs 232.2 crore, reflecting a 30 percent rise compared to the previous year.
“For Q3 FY25, we achieved a revenue of ₹77.7 crores, up 20% year-on-year, with a PAT of ₹44.2 crores, marking a 27 percent increase YoY. In line with our commitment to enhance shareholder value, the company has announced a third interim dividend of ₹3 per share,” Kumar Taurani, chairman and managing director, Tips Music, said.
A major contributor to this growth has been the release of 116 new songs during the quarter, the company stated. Additionally, the company’s digital presence has continued to expand, with its YouTube subscriber base surging to an impressive 113 million. In a move to reward shareholders, Tips Music has announced a third interim dividend of Rs 3 per share, amounting to Rs 38.35 crore. Cumulatively, the company has paid out Rs 136.09 crore to shareholders in FY25 so far, including dividends and buybacks.