Tips Music Ltd

Music Limited reported strong financial performance for Q2 and H1 FY'27, with revenue of INR120 crores and INR227 crores respectively, representing 35% and 28% YoY growth. Operating EBITDA was INR84.64 crores, with a margin of 70.5%, and PAT stood at INR65.5 crores, a 23% YoY increase. The company released 73 songs, including 40 film songs and 33 non-film songs, with notable tracks like 'Ishqnama' and 'Aankhon Se Tune 2.0' achieving over 100 million and 66 million views respectively. The YouTube subscriber base reached 164.5 million, with total views exceeding 54.3 billion. Content costs for H1 were INR71 crores, with management guiding for INR90-100 crores for FY'27. Management emphasized a focus on new music and catalog growth, with plans to release 5-6 films annually, including 4-5 Hindi and 2-3 regional films. The company highlighted its conservative guidance, with management stating a target of 20% top-line and bottom-line growth, and a 20-22% content investment. Discussions on YouTube Shorts monetization and Instagram Reels were ongoing, with Warner partnership aiding negotiations. The company noted that 85% of revenue comes from content acquired within the last three years, with 15% from older content. Management expressed confidence in future growth, emphasizing quality music and expanding reach to rural markets.

The document highlights strong revenue growth, successful content performance, and positive strategic outlook.