Tips Music Limited — Investor Meet, 02-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Tips Music Limited reported Q4 revenue of ₹78.5 Cr, up 24% YoY, with operating margins of 47% and PAT of ₹31 Cr, rising 19% YoY. FY25 revenue grew 29%, and PAT rose 31%, supported by a high payout ratio near 82%. Digital revenue, led by catalog and new releases, remains the key growth driver with 117 million YouTube subscribers. Management plans 100-125 quality new songs in FY26, targeting 25%-28% of revenue on content spend. Confident on 30% growth amid expanding paid subscriptions and strong industry tailwinds. Margins expected to hold steady despite increased content costs.