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Tag: Tips Music Limited

  • 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 Music Limited records Rs 6,482.69 lakh revenue in Q3 FY25

    Tips Music Limited records Rs 6,482.69 lakh revenue in Q3 FY25

    MUMBAI: Tips Music Limited, one of India’s leading entertainment companies, has struck a harmonious chord with its Q3 FY25 results. Founded by the entrepreneurial Kumar Taurani, the company grew from humble beginnings to an entertainment powerhouse with an estimated valuation of Rs 2,500 crore. Known for its vast library of over 25,000 songs and its knack for identifying talent, Tips Music has become synonymous with Indian cinema hits and evergreen melodies.

    As competition heats up, Tips Music faces stiff challenges from heavyweights like T-Series and Saregama, which dominate the Indian music industry with their extensive catalogues of film, devotional, and indie music. But Tips isn’t just playing second fiddle—it’s expanding aggressively into the digital space, forging partnerships with streaming giants and exploring new verticals like live events and licensing. The acquisition of regional music rights and a foray into independent artist promotions show that Tips is striking all the right notes.

    But as with any chart-topper, the journey comes with its share of high notes and challenges. Will Tips Music hit a crescendo, or will it need to retune to keep up with the industry tempo?

    In Q3 FY25, Tips Music achieved total income of Rs 6,825.79 lakh, up from Rs 6,466.33 lakh in the previous quarter. Other income contributed Rs 344.70 lakh, adding depth to the financial performance. Expenses, however, surged to Rs 5,911.24 lakh, with content costs hitting Rs 2,271.01 lakh and employee benefits reaching Rs 344.70 lakh.

    Despite these expenses, the company played a strong financial tune. The Profit Before Tax (PBT) stood at Rs 914.55 lakh, showcasing operational efficiency amidst rising costs. The Profit After Tax (PAT) for the quarter stood at Rs 422.65 lakh, reflecting solid profitability in a competitive entertainment industry. Notably, the EBITDA for the quarter came in at Rs 1,455.15 lakh, demonstrating the company’s ability to manage operations effectively.

    When it comes to shareholder rewards, Tips Music hit all the right notes with its consistent dividend strategy. The company declared a third interim dividend for the financial year 2024-2025 at Rs. 3/- per equity share (a staggering 300% on the fully paid-up shares of Re. 1/- each). Now, isn’t that the kind of tune investors love to groove to?

    For the nine months ended 31 December 2024, Tips Music posted total revenues of Rs 23,219.78 lakh, a significant rise from the previous year’s Rs 17,832.57 lakh. PAT for this period reached Rs 1,359.02 lakh, reinforcing the company’s ability to balance growth and profitability. With EBITDA for the nine months clocking in at Rs 4,107.34 lakh, the company has shown resilience and operational finesse despite a challenging landscape.

    The company’s continued focus on content creation and digital distribution has paid off, with streaming platforms driving revenue growth. The entertainment industry, buoyed by growing digital consumption, provides a ripe environment for the company to expand its presence.

    As the entertainment landscape evolves, competition intensifies. Will Tips Music continue to hit the high notes, or will the cacophony of new entrants drown out its melody? Can their vast library of over 25,000 songs keep listeners grooving, or will shifting consumer preferences force them to remix their strategy?

    But let’s face it—staying on top of the charts takes more than just one hit single. It requires a finely tuned orchestra of innovation, agility, and maybe even a few encores.

     

  • Tips Music & Sterling Reserve reimagine Indian classics with Tips Take 2

    Tips Music & Sterling Reserve reimagine Indian classics with Tips Take 2

    Mumbai: Tips Music and Sterling Reserve Music Project are coming together  for a project labelled  Tips Take 2. As per the press release issued by the two,  the collaboration aims to reimagine Bollywood’s iconic classics, delivering a fresh and captivating experience for music enthusiasts.

    Tips Music Ltd CEO Hari Nair said, “We are delighted to partner with Sterling Reserve to launch our first music IP Tips Take 2, which reimagines iconic nineties hits and creates a new take on our catalogue. The recently launched brand and partnerships division has ideated and worked on this exclusive IP. They also work with brands for bespoke content, in-film placements, music video brand integrations, and licensing our musical hits for their advertisement campaigns. We look forward to collaborating with brands, to redefine audience engagement through innovative, tailored entertainment solutions across both music and films. Tips Take 2 is just the beginning of our journey into branded IPs, with many more exciting projects on the horizon.”

    The project launched with the first song, Sambhala Hai Maine, on 9  December which is available on most music platforms. At the heart of this musical reinvention is Dev Negi the powerhouse voice behind the chart-topping hit  Heart Throb from Rocky Aur Rani Kii Prem Kahaani, takes centre stage. Joining him, on screen, are the stunning Heli Daruwala and the charismatic Parth Samthaan, who bring some serious heat with their electrifying chemistry. Together, they put a bold, modern spin on the nineties  classic Sambhala Hai Maine – originally sung by Kumar Sanu.

    Allied Blenders & Distillers chief innovation &  strategy officer Bikram Basu shared, “Launched as a digital-first property with a mix of emerging and established artists, and now in its sixth year, the Sterling Reserve Music Project is collaborating with Tips Music to reimagine timeless Bollywood hits from the nineties in a new way. The Sterling Reserve Music Project Take 2 with Tips will have people cheering for sure.”

    The project stands as a testament to the evolving landscape of Indian music, offering three carefully selected song recreations that promise to captivate audiences.