Music company, which operates in the Entertainment industry and is engaged in the Production and Distribution business of Picture motion and others jumped 5.4% in the day’s trading after releasing its Q3FY24 results, which included a 21% YoY increase in net profit.
Tips Music (formerly Tips Industries) has a market capitalization of Rs. 9,952 Crores. Its shares were trading at Rs. 815.70, a 5.40% increase from the previous day’s closing price of Rs. 773.85.
The company’s revenue from operations increased by 32% YoY from Rs. 60.87 Crores in Q2FY24 to Rs. 80.61 Crores in Q2FY25. On a QoQ basis, their revenue jumps by 9.05% from Rs. 73.91 Crores.
Their net profit increased 21% YoY from Rs. 39.64 crores in Q2FY24 to Rs. 48.16 crores in Q2FY25. On a sequential basis, the company’s profits increased by 10.55% from Rs.43.56 crore. The company has included 125 new songs in Q2FY25.
Tips Music (formerly Tips Industries) is in the business of a media and entertainment company. They engage in the production and distribution business of motion pictures. They even do exploitation and acquisition of music rights. Tips operate through the Music segment.
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The Company also produces Punjabi films. They have a range of film catalogs, devotional, non-film, remixes, and pop in Punjabi, Hindi, Bhojpuri, Gujarati, and other languages. The Company is diversified into a music library which has a collection of approx 31,000 songs within all kinds of genres and languages. Their songs are digitized and are available on all kinds of online music stores, applications, and Web platforms.
The company recognizes its revenue from Audio or video products only. The operating EBITDA increased by 19% YoY improvement for Q2FY25, But the margin has decreased by 8.14% YoY. Most of the increase was due to revenue.
The content cost in the recent September quarter stood at Rs. 13.8 crores as against Rs. 12.7 crores in July quarter. The RoE in FY24 stood at 81% and the EBIT Margin stood at 66.80%. The annual Youtube views in FY24 stood at 193.9 billion views which is a CAGR of 64% from FY20.
Written by Santhosh
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