1. Opening Hook
January 2026. Bollywood is slow, box office is sulking, and yet Tips Music just threw a dividend party like it’s 1999. While most companies blame “macro uncertainty,” Tips blamed… too much virality. Instagram reels went berserk, old songs woke up from retirement, and management calmly said, “20% growth? Still on.”
No big Hindi releases this quarter. No panic buying of content. Still margins touched 79%. Somewhere, spreadsheet models quietly cried.
And just when you think this is a boring royalty-collection story, management casually promises 25–28% growth next year, drops names like Imtiaz Ali, Diljit Dosanjh, A.R. Rahman, and Varun Dhawan, and reminds everyone that 85% of revenue comes from songs older than most Instagram influencers.
Read on. The real music starts later. 🎶
2. At a Glance
- Revenue up 21% YoY – Apparently, nostalgia compounds faster than fixed deposits.
- EBITDA up 34% – When costs behave and virality does free marketing.
- EBITDA margin at 79% – Software companies took notes, then gave up.
- PAT up 33% YoY – Old songs, new money.
- Dividend ₹5/share – 100% of last year’s PAT returned. CFOs elsewhere felt attacked.
3. Management’s Key Commentary
“We are experiencing strong momentum of our content usage across all platforms.”
(Translation: Instagram reels are doing unpaid overtime 😏)
“We are maintaining our 20% revenue growth guidance.”
(Even without blockbuster films. Confidence level: unbothered.)
“Our cumulative YouTube subscribers are now 145.3 million.”
(Yes, that’s more than the population of many countries.)
“Some catalogue songs saw a 100x spike
