BSE small cap company engaged in media and entertainment industry, Tips Music Ltd shares witnessed decline of 5.87% on Bombay Stock Exchange (BSE). Current market price of Tips Music shares on BSE stood at Rs 639.20 per share. The company today declared its Q3 FY25 results and recommended dividend as well.
The company announced its profit after tax for Q3FY25 at Rs 44.2 crore, up 27.38% as against Rs 34.7 crore in the corresponding quarter of Q3FY24. The Board of Directors of Tips Music also recommended an interim dividend of Rs 3 per share. Check details below:
Tips Music Announces Interim Dividend
As per the exchange filing of Tips Music dated January 22, 2025, ādeclared a third interim dividend for the financial year 2024-2025 of Rs. 3/- per equity share (i.e. 300%) on the fully paid-up equity shares of the face value of Re. 1/- per share.ā Total payout to shareholders including dividend and buyback is Rs 136.09 Cr in FY25 so far.
Tips Music Sets Record Date For Interim Dividend
The exchange filing added, āfixed January 28, 2025, as the Record Date towards payment of third Interim Dividend. The Interim Dividend will be paid on or before February 18, 2025.
Tips Music Financial Results
The company declared revenue from operations for the Q3 FY2025 at Rs 77.7 crore, up 20% year-on-year (YoY) as against Rs 64.8 crore declared in the similar quarter of Q3FY2024. The company informed that for Q3FY25 it released 116 new songs, of which 40 were new film songs and 76 non-film songs, according to the BSE filing. It announced its YouTube subscribers now stand at 113 Mn. For 9MFY25 YouTube views were 171.6 Bn up 17% y-o-y, added the regulatory filing. The company announced its operating EBITDA at Rs 55.6 crore for Q3 FY2025, indicating a growth of 28% YoY as compared to Rs 64.8 crore declared in Q3FY2024.
Mr. Kumar Taurani ā Chairman & Managing Director said, āI am pleased to announce that the company has performed well. For Q3FY25, we achieved a revenue of Rs 77.7 Cr, up 20% year-on-year, with a PAT of Rs 44.2 Cr, marking a 27% increase YoY. In line with our commitment to enhance shareholder value, the company has announced a 3rd interim dividend of Rs 3 per share.ā
Tips Music Shares Performance
The 52-week high price of Tips Music shares on BSE today stood at Rs 950.00 apiece (as on 06/11/2024) and 52-week low price is Rs 345.50 apiece (as on 04/06/2024), respectively. Tips Music shares declined 6.26% in last 1-week, fell over 14% in last 3-months, and rallied 67.48% in last 1-year. Tips Music Ltd shares offered impressive returns of 283.62% in last 2-years and 6418.80% returns in last 5-years. The stock surged 10,997.75% in last 10-years.
Tips Music About
TIPS is a public-listed music label in India, founded in 1988 by Mr. Kumar Taurani and Mr. Ramesh Taurani. Right from acquiring/ producing superhits in the 90s like Khalnayak, Phool Aur Kaante, Soldier, Coolie No.1, Raja Hindustani, Rangeela, Gupt, Pardes, Taal, Raaz, etc. to musical blockbusters films like Ajab Premi ki Gazab Kahani, Prince, Ramaiya Vastavaiya, Race (Franchise) and acquiring regional Tamil blockbusters film music like Ponniyin Selvan1 & 2. Over the decades, Tips Music has been home to all popular artists, including Alka Yagnik, Udit Narayan, Kumar Sanu, Sonu Nigam, Atif Aslam, Badshah, Diljit Dosanjh, Arijit Singh, A.R. Rehman, B Praak, to name a few, according to its official website.
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