Tips Music Ltd is up for a third straight session today. The stock is quoting at Rs 892.85, up 1.19% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.46% on the day, quoting at 24305.45. The Sensex is at 80338.23, up 0.42%. Tips Music Ltd has gained around 6.84% in last one month. Meanwhile, Nifty Media index of which Tips Music Ltd is a constituent, has gained around 1.33% in last one month and is currently quoting at 1943.1, up 0.72% on the day. The volume in the stock stood at 1.74 lakh shares today, compared to the daily average of 2.81 lakh shares in last one month.The PE of the stock is 74.1 based on TTM earnings ending September 24.Powered by Capital Market - Live

TIPS Music announced a direct, strategic partnership to promote its music library on TikTok. This partnership will enable music lovers, Non-Resident Indians (NRIs) and expatriates, to access and engage with TIPS Music's rich and diverse music collection on the popular short-form video platform. The agreement between TIPS Music and TikTok aims to meet the increasing demand for Indian music among global audiences. The collaboration ensures TikTok users across multiple regions will have seamless access to the wide range of TIPS Music's library, featuring genres from Bollywood classics to regional language hits, strengthening the existing cultural connection and expression through music. Powered by Capital Market - Live

This partnership will allow music lovers, NRIs, and expatriates to access and enjoy TIPS Music's diverse collection on the popular short-form video platform. TIPS Music has partnered with TikTok to meet the growing global demand for Indian music. This collaboration provides TikTok users worldwide with seamless access to TIPS Music's diverse library, including Bollywood classics and regional hits, enhancing cultural connection through music. Kumar Taurani, Managing Director of TIPS Music, stated, 'We have seen an increased consumption of Indian music globally. Several existing TikTok trends hold testament to it. This direct strategic partnership with ByteDance marks an important step in expanding the global footprint and engagement of TIPS Music. The TikTok platform has a massive audience base, and this deal improvises the discovery of our music. I would like to thank TikTok and our CEO, Hari Nair, for weaving this direct deal.' Tips Industries is engaged in the acquisition and exploitation of music rights. The company reported a 21.46% increase in net profit to Rs 48.16 crore in Q2 FY25 as against Rs 39.65 crore posted in Q2 FY24. Revenue from operations jumped 32.42% year on year to Rs 80.61 crore in the quarter ended 30 September 2024.Powered by Capital Market - Live

Net profit of Tips Music rose 21.46% to Rs 48.16 crore in the quarter ended September 2024 as against Rs 39.65 crore during the previous quarter ended September 2023. Sales rose 32.43% to Rs 80.61 crore in the quarter ended September 2024 as against Rs 60.87 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales80.6160.87 32 OPM %73.7681.85 - PBDT64.9753.35 22 PBT64.4252.90 22 NP48.1639.65 21 Powered by Capital Market - Live

Tips Music announced that the Board of Directors of the Company at its meeting held on 16 October 2024, inter alia, have recommended the interim dividend of Rs 2 per equity Share (i.e. 200%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Revenue from operations jumped 32.42% year on year to Rs 80.61 crore in the quarter ended 30 September 2024. As compared to Q1 FY25, the company's net profit increased by 10.56% and revenue grew by 9.05% in Q2 FY25. Total expenses increased 88.12% to Rs 21.77 crore in Q2 FY25 as compared with Rs 11.57 crore in Q2 FY24. Content Cost stood at Rs 13.84 crore (up 196.44% YoY), employee benefit expenses was at Rs 2.79 crore (up 30.37% YoY) during the period under review. Profit before tax stood at Rs 64.43 crore in the quarter ended 30 September 2024, up 21.79% as against Rs 52.90 crore recorded in Q2 FY24. Operating EBITDA stood at Rs 59.5 crore in Q2 FY25, registering the growth of 19% as compared with Rs 49.8 crore recorded in corresponding quarter last year. EBITDA margin improved to 73.8% in Q2 FY25 as against 81.9% reported in Q2 FY24. Total expenses increased 88.12% to Rs 21.77 crore in Q2 FY25 as compared with Rs 11.57 crore in Q2 FY24. Content Cost stood at Rs 13.84 crore (up 196.44% YoY), employee benefit expenses was at Rs 2.79 crore (up 30.37% YoY) during the period under review. In Q2 FY25, the company launched a total of 125 new songs, comprising 39 new film songs and 86 non-film songs. Additionally, the YouTube subscribers registered a growth of 21% reaching 108 million. On half-year basis, the company's net profit jumped 37.40% to Rs 91.72 crore on 36.14% increase in revenue to Rs 30,140 crore in H1 FY25 over H1 FY24. Meanwhile, the company has declared a second interim dividend of Rs 2 per equity share for the financial year 2024-2025, the record date for dividend payment has decided on 24 October 2024 and the dividend will be disbursed on or before 12 November 2024. Kumar Taurani, chairman Motorola used our track 'Rangeela Re', for launching its new set of colorful handsets.' Tips Industries is engaged in the acquisition and exploitation Music of Rights.Powered by Capital Market - Live

Tips Music Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 839.2, up 1.22% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.69% on the day, quoting at 25137.7. The Sensex is at 82005.67, up 0.77%. Tips Music Ltd has added around 23.38% in last one month. Meanwhile, Nifty Media index of which Tips Music Ltd is a constituent, has added around 4% in last one month and is currently quoting at 2077.25, down 1.12% on the day. The volume in the stock stood at 6.09 lakh shares today, compared to the daily average of 4.1 lakh shares in last one month.The PE of the stock is 73.75 based on TTM earnings ending June 24.Powered by Capital Market - Live

Tips Music will hold a meeting of the Board of Directors of the Company on 16 October 2024.Powered by Capital Market - Live

Tips Music has fixed 24 October 2024 as record date for interim dividend, if any. Powered by Capital Market - Live

Tips Music Ltd rose for a third straight session today. The stock is quoting at Rs 737.5, up 4.5% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 1.63% on the day, quoting at 25377.6. The Sensex is at 82903.4, down 1.62%. Tips Music Ltd has dropped around 0.47% in last one month. Meanwhile, Nifty Media index of which Tips Music Ltd is a constituent, has dropped around 4.22% in last one month and is currently quoting at 2172.75, down 0.9% on the day. The volume in the stock stood at 5.22 lakh shares today, compared to the daily average of 2.98 lakh shares in last one month.The PE of the stock is 62.88 based on TTM earnings ending June 24.Powered by Capital Market - Live