TIPS Music Limited Reports Strong Q3FY26 Performance with 21% Revenue Growth
TIPS Music Limited reported strong Q3FY26 results with revenue growing 21% YoY to ₹94.3 crores and PAT surging 33% to ₹58.7 crores. Operating EBITDA margins expanded to 79.0% from 71.6% in Q3FY25. For 9MFY26, revenue increased 17% to ₹271.6 crores with PAT rising 16% to ₹157.7 crores. The debt-free company declared an interim dividend of ₹5 per share and maintains ₹303 crores in cash and investments.

*this image is generated using AI for illustrative purposes only.
TIPS Music Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, showcasing strong operational performance across key metrics. The music entertainment company, formerly known as Tips Industries Limited, continues to capitalize on India's growing digital music market while maintaining industry-leading profitability margins.
Strong Quarterly Financial Performance
The company delivered impressive growth in Q3FY26, with revenue from operations reaching ₹94.3 crores compared to ₹77.7 crores in Q3FY25. This represents a robust 21% year-on-year increase, demonstrating the company's ability to capture market opportunities in the expanding digital music landscape.
| Metric | Q3FY26 | Q3FY25 | Growth (%) |
|---|---|---|---|
| Revenue from Operations | ₹94.3 cr | ₹77.7 cr | +21% |
| Operating EBITDA | ₹74.5 cr | ₹55.6 cr | +34% |
| Profit After Tax | ₹58.7 cr | �44.2 cr | +33% |
| Operating EBITDA Margin | 79.0% | 71.6% | +740 bps |
| EPS | ₹4.6 | ₹3.5 | +31% |
Nine-Month Performance Highlights
For the nine months ended December 31, 2025, TIPS Music maintained consistent growth momentum with revenue increasing 17% to ₹271.6 crores from ₹232.2 crores in the corresponding period of the previous year. The company's profit after tax grew 16% to ₹157.7 crores, while operating EBITDA margins remained stable at 73.2%.
| Parameter | 9MFY26 | 9MFY25 | Change (%) |
|---|---|---|---|
| Revenue | ₹271.6 cr | ₹232.2 cr | +17% |
| Operating EBITDA | ₹198.9 cr | ₹169.4 cr | +17% |
| PAT | ₹157.7 cr | ₹136.0 cr | +16% |
| EPS | ₹12.3 | ₹10.6 | +16% |
Operational Excellence and Market Position
TIPS Music continues to demonstrate operational efficiency with content costs decreasing 39% year-on-year to ₹8.9 crores in Q3FY26. The company maintains a comprehensive music catalogue comprising over 34,000 songs across 25+ languages, available globally through multiple digital platforms. With 145.3 million subscribers on YouTube and 75% of revenue generated through digital platforms, the company is well-positioned to benefit from India's digital transformation.
Strong Balance Sheet and Shareholder Returns
The company maintains a robust financial position with total equity of ₹257.3 crores as of September 2025. TIPS Music declared an interim dividend of ₹5 per share for Q3FY26, amounting to ₹63.91 crores. The total payout to shareholders for 9MFY26 reached ₹166.18 crores, reflecting the company's commitment to consistent shareholder returns through dividends and buybacks.
Content Strategy and Growth Drivers
During Q3FY26, TIPS Music added 108 new songs to its catalogue, contributing to its evergreen content library spanning multiple genres, languages, and decades. The company's established A&R capability and partnerships with 25+ media business partners position it to capitalize on emerging opportunities in subscription streaming, monetization of shorts content, public performance rights, and AI-related royalties in the evolving digital music ecosystem.
Historical Stock Returns for Tips Music
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.34% | -1.11% | -5.84% | -17.84% | -25.24% | +1,568.11% |









































