Tips Music's Q3 profit jumps 27% to Rs 44 crore, revenue up 20%

Tips Music said that in Q3 FY25, it released 116 new songs and the YouTube subscribers count has surged to 113 million

By  Storyboard18Jan 22, 2025 3:50 PM
Tips Music's Q3 profit jumps 27% to Rs 44 crore, revenue up 20%
Tips Music registered a 27 percent rise in its profit in Q3 FY25

Tips Music on Wednesday announced its third quarter (Q3) results for fiscal year 2025 (FY 2025). The Media & Entertainment firm registered a 27 percent rise in its profit to Rs 44.2 crore in Q3 FY 25 compared to Rs 34.7 crore in the corresponding quarter last fiscal.

Tips Music's revenue from operations increased by 20 percent year-on-year. The company's revenue from operations stood at Rs 77.7 crore between October and December period in 2024. The revenue for the 9 months stood at Rs 232.2 crore up by 30 percent YoY.

Tips Music said that in Q3 FY25, it released 116 new songs and the YouTube subscribers count has surged to 113 million.

Further, the company announced an interim dividend of Rs 3 per share amounting to Rs 38.35 crore. Total payout to shareholders including dividend and buyback is Rs 136.09 crore in FY25 so far, it said.

"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 percent increase YoY. In line with our commitment to enhance shareholder value, the company has announced a 3rd interim dividend of Rs 3 per share", Kumar Taurani, Chairman and MD of Tips Music said.


Tags
First Published on Jan 22, 2025 3:50 PM

More from Storyboard18

Special Coverage

Route Mobile profit declines by 32% in Q1 FY26; Re-designates Rajdipkumar Gupta as CEO

Route Mobile profit declines by 32% in Q1 FY26; Re-designates Rajdipkumar Gupta as CEO

Special Coverage

Godrej Properties acquires 48 acres land parcel in Bengaluru

Godrej Properties acquires 48 acres land parcel in Bengaluru

Special Coverage

Thane emerges as affordable Mumbai alternative, housing prices up 46% price in 3 years

Thane emerges as affordable Mumbai alternative, housing prices up 46% price in 3 years

Special Coverage

Air India restores key routes after tragic crash, resumes partial services from Aug 1

Air India restores key routes after tragic crash, resumes partial services from Aug 1

Special Coverage

Residential prices witness up to 27% spike in Q2 2025 YoY, NCR leads

Residential prices witness up to 27% spike in Q2 2025 YoY, NCR leads

Special Coverage

India's residential market sales witness upward trend in Q2 2025, led by luxury housing segment

India's residential market sales witness upward trend in Q2 2025, led by luxury housing segment

Special Coverage

“Historic moment for India”: PM Modi welcomes Astronaut Shubhanshu Shukla back to Earth

“Historic moment for India”: PM Modi welcomes Astronaut Shubhanshu Shukla back to Earth

Special Coverage

EV ads soar | Hero MotoCorp AdEx surge | 'Fake Shaadi' trend explained

EV ads soar | Hero MotoCorp AdEx surge | 'Fake Shaadi' trend explained