Music Shares Surge 8% to Eight-Month High Following Quarterly Results, Notching 31% Gain in April

Tips Music Sees Strong Q4 Performance, Shares Close at Eight-Month High

The buying momentum in Tips Music, one of India's leading music labels, further strengthened in Thursday's trade (April 23), with the stock closing 8.02% higher at ₹660 apiece, an eight-month high. This surge in the stock price is attributed to the company's impressive financial performance in the March-ending quarter.

According to the company's earnings filing, revenue from operations rose 32% year-on-year (YoY) to ₹103.9 crore, compared to ₹78.5 crore in Q4FY25. Operating EBITDA surged 106% YoY to ₹76.9 crore, while EBITDA margin stood at 74.0%, significantly higher than 47.5% in the year-ago period.

| Q4 Performance Comparison | | --- | --- | --- | | Revenue from Operations (₹ crore) | Q4FY25 | Q4FY26 | YoY Growth | | ₹78.5 crore | ₹103.9 crore | 32% | | Operating EBITDA (₹ crore) | Q4FY25 | Q4FY26 | YoY Growth | | ₹36.8 crore | ₹76.9 crore | 106% | | EBITDA Margin | Q4FY25 | Q4FY26 | | | 47.5% | 74.0% | |

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On a sequential basis, revenue grew 10% quarter-on-quarter (QoQ), while EBITDA, EBIT, and PAT rose 3%, 2%, and 1%, respectively. For the full financial year FY26, revenue from operations increased 21% YoY to ₹375.5 crore. Operating EBITDA grew 33% YoY to ₹275.8 crore, with EBITDA margin improving to 73.4% from 66.5% in FY25.

At the bottom line, net profit increased 30% YoY to ₹216.6 crore, with margins improving to 57.7% in FY26, compared to 53.6% in the previous financial year. Kumar Taurani, Chairman & Managing Director, highlighted that the growth was driven by strong performance across both digital and non-digital segments.

In the March quarter, the company released 66 new songs, including 47 film and 19 non-film tracks. Notably, "Tu Jaane Hai Kahan" crossed 10 million views on YouTube, while "Tehzeeb" and "Jamuna Kinara" recorded 2.4 million views each, taking the subscriber base to 153.1 million. The company also strengthened brand partnerships during the quarter, collaborating with leading brands such as Hyundai and Tinder.

Tips Music shares have recovered sharply in April, rising 31.20%, offering relief to shareholders after being under prolonged pressure for more than a year. The stock had witnessed a one-way decline after hitting a record high of ₹950 in November 2024, which later turned into a sharp correction, dragging it down to around ₹480 levels in March. Between November 2024 and March 2026, the stock had cumulatively lost 45% of its value. This followed a strong rally between April 2023 and October 2024, during which the stock surged by 508%. Although the stock is still trading at a steep discount to its record high, long-term returns remain impressive, with gains of around 300% and 1,200% over the past five years.

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