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Tips Music reported Q2 FY'26 revenue of INR 89.22 Cr (+11% YoY) and PAT of INR 53 Cr (+11% YoY), with H1 revenue at INR 177.3 Cr (+15%) and PAT at INR 98 Cr (+8%). Operating EBITDA margin was 76%. Management reaffirmed FY'26 top-line and bottom-line growth target of 20%, expecting strong H2 traction from new quality content, recent Spotify price hikes, and potential revenue sharing from short-form platforms. The company released 133 songs, acquired Studio Radha's catalog, and increased its YouTube subscriber base to 134 million. A second interim dividend of INR 4/share was declared. Management sees significant long-term industry potential.