Pointers Music Ltd, previously referred to as Tips Industries Ltd., has actually revealed monetary outcomes for the quarter ending September 30, 2024. The Indian music label reported robust development throughout a number of crucial metrics, showcasing its strong efficiency in a competitive market. For the 2nd quarter of FY25, TIPS Music tape-recorded profits from operations of Rs. 80.6 crores, showing an exceptional year-on-year development of 32% compared to Rs. 60.9 crores in the very same quarter in 2015. This upward pattern continues from the previous quarter, which saw incomes of Rs. 73.9 crores, marking a quarter-on-quarter boost of 9%. The overall earnings for the very first half of FY25 stood at Rs. 154.5 crores, up 36% from Rs. 113.5 crores in H1 FY24.
Ideas Music sees income rise to Rs. 80.6 crores and PAT increase to Rs. 48.2 crores in Q2 FY25 Results– Read Detailed Report
The business’s operating EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) reached Rs. 59.5 crores, suggesting a 19% boost from Rs. 49.8 crores in Q2 FY24 and a 9% increase from Rs. 54.4 crores in Q1 FY25. The operating EBITDA margin for the quarter was reported at 73.8%, a little below 81.9% year-on-year however constant with the margin of 73.6% from the previous quarter.
In regards to success, TIPS Music tape-recorded a Profit After Tax (PAT) of Rs. 48.2 crores, which is a 21% boost from Rs. 39.7 crores in Q2 FY24 and an 11% increase from Rs. 43.6 crores in Q1 FY25. The PAT margin for the quarter stood at 59.7%, below 65.2% a year previously however fairly steady compared to 58.9% in the previous quarter.
In Q2 FY25, TIPS Music introduced an overall of 125 brand-new tunes, consisting of 39 brand-new movie tunes and 86 non-film tunes. The material expense for the quarter increased substantially to 13.8 crores, compared to Rs. 4.7 crore in Q2 FY24, showing a boost of 194%.
Suggestions Music’s YouTube channel has actually seen excellent customer development, reaching 108 million– a 21% boost compared to the previous year. The business stated an interim dividend of 2 per share for Q2 FY25, amounting to Rs. 25.56 crores. Cumulatively, TIPS Music’s overall payment to investors, consisting of dividends and buybacks, has actually reached Rs. 97.74 crores in FY25 to date.
Kumar Taurani, Chairman & & Managing Director, stated, “I am happy to share that the business has actually revealed a 2nd interim dividend for the year of Rs. 2 per share, in addition to interim dividend dispersed and buyback performed in Q1FY25. Our profits for the quarter stood at Rs. 80.6 Cr up by 32% YOY with a PAT of Rs. 48.2 Cr increasing by 21% YOY. Our ruthless focus is on getting premium music material.”
Girish Taurani, Executive Director, stated, “In Q2 FY2025 we effectively introduced 125 brand-new tunes, of which, 39 were brand-new Film tunes and 86 Non-Film tunes, leading to a varied variety of offerings that accommodate a large audience. This quarter, we launched 2 musical brief movies, ‘Tedi Medi’ and’Beinteha’both of which have actually gotten considerable gratitude from the audience. A noteworthy release for this quarter is the tune’Yaad Reh Jaati Hai’ from the movie The Buckingham Murders, sung by the prominent B Praak, in addition to another tune launched this quarter ‘Dua Kijiye’Both tracks have actually gotten appeal and continue to grow with our audiences.”
Hari Nair– Chief Executive Officer, stated, “Our YouTube channels cumulative customer base has actually now reached 108 million, showing our growing impact and engagement. The marketplace share on audio digital platforms like Spotify, Saavn and so on is increasing progressively. In addition, the brand-new department of “Bran