India’s Tips Industries Ltd., also known as Tips Music, reported another quarter of rapid revenue growth.
The Mumbai-based company has a string of 31,000 songs across Indian languages and genres, reporting revenue of 806 million INR (US$9.62 million Second fiscal quarter ended September 30.
That means 32% annual increase Quarterly revenue growth.
Tips Revenue in the first half of fiscal year 2025 is Indian rupee 1.545 trillion rupees (US$18.44 million), up Annual increase of 36%.
The reminder also reported one 21% annual increase Subscribers to YouTube channel increased to 108 million during this season.
“Cumulative subscriber base of our YouTube channel [reflects] Our reach and engagement continue to grow. Harry Nair said in an investor press release on Wednesday (October 16).
“Market share of audio digital platforms, e.g. Spotify, SavinAnd so on. In addition, the new “Brands and Partners” department has begun to charge revenue; Motorola Use our tracks rangirare Thanks for the new color phone.
The company reported 482 million INR ($5.75 million) in the profit after tax for the quarter, marking twenty one% Year-on-year increase. The after-tax profit rate is 59.7%compared to 65.2% a year ago.
Operating EBITDA is INR 59.5 Crores ($7.1 million) for that quarter, represents 73.8% EBITDA margin.
During the quarter, Tips Industries launched its film production and distribution business. 125 new song among them 39 There are 86 movie songs and 86 non-movie songs.
“We are relentlessly committed to acquiring high-quality music content,” Chairman and Managing Director Kumar Taurani explain.
Taurani announces the company’s second interim dividend this year, with a dividend of Indian rupee 2 rupees ($0.024) per share. So far in fiscal 2025 (beginning April 1), the company has paid 255.6 Crores INR ($3.05 million) dividends. Including share repurchases, total dividends paid to shareholders during the financial year were INR 97.74 Crores ($11.67 million) so far.
“We are relentlessly committed to acquiring high-quality music content.”
Kumar Taurani, Tips Industries
Tips’ continued revenue growth comes amid a boom in Indian music consumption both domestically and globally.
By the end of 2023, EY India Says music publishing revenue has grown in the country 2.5 times Within three years, from INR 3.4 Trillion ($40.8 million) in 2019-2020 to Indian Rupee 8.84 Trillion ($106.1 million) in 2022-2023.
and market monitoring 2023 data bright It shows that India may become the world’s largest music streaming market by sales as soon as this year.
In 2023, India’s growth rate will be just over 1 trillion Total on-demand music streaming (including audio and video) compared 1.454 trillion Streaming in the United States. However, Indian streams grow more than 46% By 2023, the growth rate will be approximately 12.7% in the United States.
“The surge in content consumption, driven by more affordable data, has been a key driver of the rapid expansion of streaming audiences,” said Kumar Taurani. MBW in an interview earlier this year.
Outside India, demand is growing fastest in the United States, Canada, the United Kingdom, Gulf countries, Australia, New Zealand and Germany “because Indian music and musicians are becoming increasingly popular,” Taurani said.
Taolani also expects the domestic market to continue to grow rapidly.
“Forecasts indicate 15-20% annual growth rate, we expect that the industry boom may increase the market size to approx. Over $1.5 billionwithin the next four to five years,” he said.global music business
