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Tag: Girish Taurani

  • Tips hits the high notes with Rs 16,656 lakh annual profit and major reappointments

    Tips hits the high notes with Rs 16,656 lakh annual profit and major reappointments

    MUMBAI: When the music plays at Tips, it’s more than just melody, it’s money, momentum, and management moves. On April 23, 2025, the board of Tips Music Limited (formerly Tips Industries Limited) struck a high chord, approving robust financial results and announcing key leadership reappointments in what was a blockbuster boardroom session.

    The company posted an impressive net profit of Rs 16,656.15 lakh for the year ended March 31, 2025, a 31 per cent jump over the previous year’s Rs 12,716.70 lakh. Total income surged to Rs 32,967.96 lakh from Rs 25,595.82 lakh in FY24, riding on strong revenues from operations totalling Rs 31,068.73 lakh, up from Rs 24,158.07 lakh.

    Tips also declared and disbursed dividends totalling Rs 7 per share across three quarters, resulting in a Rs 8,948.21 lakh payout to shareholders. Meanwhile, the company executed a buyback of 5.95 lakh equity shares at Rs 625 per share, worth Rs 3,718.75 lakh, showcasing confidence in its valuation and balance sheet.

    In leadership harmony, the board re-appointed Kumar Taurani as chairman and managing director for a further three-year term starting 1 June 2025. Known for building one of India’s most vibrant music catalogues and guiding the company through decades of transformation, Kumar Taurani remains central to TIPS’ continued growth.

    Joining him in the encore are Ramesh Taurani and Girish Taurani, reappointed as executive directors. The trio brings over 100 years of collective experience in the entertainment business, a fact that resonates with the company’s sustained success in a competitive media landscape.

    The board also greenlit appointments of M/s. Grant Thornton Bharat LLP and Maheshwari & Co. as internal auditors, and M/s. NL Bhatia & Associates as secretarial auditors for a five-year term. These moves reinforce the company’s governance framework as it tunes up for its next growth phase.

    The quarter ended March 2025 alone saw profits of Rs 3,061.13 lakh, with a total comprehensive income of Rs 3,063.46 lakh. Earnings per share (EPS) stood at Rs 13.02 for FY25 compared to Rs 9.90 the previous year. The company continues to operate in a single segment Audio/Video Products with music licensing, royalty income, and digital content driving performance.

    Tips has also settled a long-pending dispute with Wynk, recognising Rs 1,200 lakh in revenue during the year following consent terms filed with the Bombay High Court another legal note wrapped with commercial finesse.

    From emotional ballads to bold boardroom decisions, Tips Music is orchestrating a growth symphony with strategic foresight, family-led leadership, and consistent financial crescendos. With Rs 33,940.28 lakh in total assets and a sharp focus on shareholder value, the beat goes on.

  • TIPS industries reports 40 per cent revenue growth, 61 per cent PAT increase Y-o-Y

    TIPS industries reports 40 per cent revenue growth, 61 per cent PAT increase Y-o-Y

    Mumbai: TIPS Industries Ltd (Tips Music), a music label which creates and monetises music, announced its financial results for the quarter ending 30 June 2024.

    Revenue from Operations  73.9  52.6  40%  63.3  17%  241.6  186.8  29%
    Op. EBITDA  54.4  35.0  55%  30.2  80%  158.5  101.9  55%
    Op. EBITDA %  73.6%  66.6%    47.7%    65.6%  54.6%  
    Op. EBIT  58.4  36.5  60%  35.0  67%  170.9  105.9  61%
    PAT  43.6  27.1  61%  25.8  70%  127.2  76.5  66%
    PAT Margin  58.9%  51.5%    40.7%    52.7%  41.0%  

    Commenting on the Results,

    Kumar Taurani – chairman & managing director said, “I am delighted to share with you that the Q1 FY2025 has been remarkable for us. Our revenue for the Quarter stood at Rs  73.9 Crores up by 40 per cent YoY with a PAT of Rs  43.6 Crores increasing by 61 per cnet YoY. This demonstrates our commitment to growing and improving our business. In Q1 FY25, we released around 97 new songs out of which, 18 were new Film songs and 79 Non-Film songs. Our primary focus is always on quality music. We have successfully completed the buyback of shares amounting to Rs 46.62 crores inclusive of all taxes for non-promoter shareholders. We remain committed to returning value to our shareholders.”

    Girish Taurani – executive director said, “Last quarter, our notable releases ‘Choli ke Peeche’ and ‘Naina’ from the movie Crew each surpassed 100 million views on YouTube. Our track ‘Soni Soni’ from Ishq Vishk Rebound reached the top 10 on Spotify charts. Other songs from the film, including ‘Ishq Vishk Pyaar Vyaar’ and the revamped “Gore Gore Mukhde Pe” by Badshah, have also been well received, reflecting our dedication to delivering engaging music content.

    Hari Nair – chief executive officer said, “Our music is experiencing solid growth across all digital platforms, with YouTube, Spotify, and Jio Saavn being key drivers for both new releases and our catalogue.”