Q3 2026 Tips Music Ltd Earnings Call Transcript
Key Points
- Tips Music Ltd (BOM:532375) reported a 21% year-over-year revenue growth for Q3 FY26, reaching INR94.29 crores.
- The company achieved a 34% increase in operating EBITDA, with margins improving from 72% to 79%.
- Profit after tax (PAT) for Q3 FY26 grew by 33% to INR58.7 crores, with a PAT margin of 62%.
- The cumulative YouTube channel subscriber base expanded significantly to 145.3 million.
- The company announced a partnership with B4U TV, enhancing its global reach among television audiences.
- Content costs were lower than expected, at 18% for the year, due to a movie release being postponed to the next fiscal year.
- There was a noted decline in total YouTube views, attributed to the impact of YouTube Shorts.
- The company faces challenges in maintaining a 20% growth rate due to the absence of major Hindi releases in Q3 and Q4.
- Employee expenses included a one-time impact of INR96.7 lakh due to the implementation of a new labor code.
- The company is cautious about content acquisition, which may impact growth if not managed effectively.
Ladies and gentlemen, good day, and welcome to the Q3 FY26 earnings conference call of Tips Music Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Ms. Ayushi Gupta from MUFG Intime Private Limited. Thank you, and over to you, Ms. Gupta.
Thank you. Good evening, ladies and gentlemen. I welcome you to the Q3 and nine months FY26 earnings conference call of Tips Music Limited. To discuss this quarter's performance, we have from the management Mr. Kumar Taurani, Chairman and Managing Director; Mr. Girish Taurani, Executive Director; Mr. Hari Nair, Chief Executive Officer; and Mr. Sushant Dalmia, Chief Financial Officer.
Before we proceed with the call, I would like to mention that some of the statements made in today's call may be forward-looking in nature and may involve risks and uncertainties. For more details, kindly refer to the investor presentation and other filings that can be found on the company's website.
Without further ado, I
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