Tips Music rises 14% in two days after strong Q2 outcome
On the technical front, the stock?s RSI (14) was currently at 70.493. An RSI reading of 70 or above indicates an overbought condition. A reading of 30 or below indicates an oversold condition.
On the daily chart, the scrip is trading above its 10-day, 20-day and 100-day simple moving averages placed at 686.38, 671.64 and 664.59, respectively.
Tips Music announced its earnings for the quarter ended on 30 June 2026 during the market hours on Thursday (16 October 2026).
The company reported 23.58% a increase in consolidated net profit to Rs 65.73 crore in Q2 FY27 compared with Rs 53.19 crore in Q2 FY26. Revenue from operations jumped 34.57% YoY to Rs 120.06 crore in the quarter ended 30th September 2026.
Operating EBITDA increased 25% YoY to Rs 84.6 crore in Q2 FY27, compared with Rs 67.8 crore a year earlier. However, the operating EBITDA margin declined to 70.5% from 76% in the year-ago quarter.
The company increased its content investment during the quarter, with content costs rising 97% YoY to Rs 26.2 crore from Rs 13.3 crore in Q2 FY26. During Q2 FY27, TIPS Music released 73 songs, comprising 40 film songs and 33 non-film songs.
Kumar Taurani, chairman & managing director said, ?In Q2 FY27, revenue increased 35% YoY to Rs 120.1 crore, while PAT grew 23% YoY to Rs 65.5 crore. Our investment in content increased by 97% compared to Q2 FY26. During the quarter, we continued to see strong engagement across our new release as well as our catalogue content, supported by both our digital and non-digital segments. We have reported a strong H1 FY27 results and are quite confident to surpass our annual guidance of 20% growth. During the quarter, the Company successfully completed a share buyback of Rs 44.44 crore and has also announced interim dividend of Rs 6.50 per share reflecting our continued focus on delivering value to shareholders.?
Meanwhile, the company?s board declared the first interim dividend for FY27 of Rs 6.50 per equity share on the fully paid-up equity shares of the face value of Re. 1 per share. The board has been fixed record date of Thursday, 22 October 2026. The said Interim Dividend will be paid on or before November 12, 2026.
Founded in 1988 by Taurani Brothers, TIPS Music is one of India's leading publicly-listed music companies. The company is engaged in the business of creation, acquisition and monetization of audio-video music content, in India and overseas, through digital licensing on various medium.
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