CatalystFixed Income
Tips Music shares up 6% today after strong Q2 2026 results, dividend announcement; 27% up in 6 months - key highlights
Strong Q2 2026 results and dividend announcement drive Tips Music shares up 6%.
Context
What happened: Tips Music shares rose as much as 6% on Friday after the company reported September quarter FY27 results and announced an interim dividend. The stock opened at ₹700 on NSE versus a previous close of ₹684.40.
Key numbers: Net profit rose 24.5% YoY to ₹66 crore. Revenue grew 34.8% YoY to ₹120 crore. EBITDA rose 25.7% YoY to ₹85 crore, while EBITDA margin fell to 70.8% from 76%. Interim dividend of ₹6.50 per share.
Why it matters: Management said it is confident of surpassing its annual guidance of 20% growth. The stock has gained 26.61% over six months and 32.90% year to date.
What changed
Tips Music shares rose as much as 6% on Friday after the company reported September quarter FY27 results and announced an interim dividend. The stock opened at ₹700 on NSE versus a previous close of ₹684.40.
Why it matters
Management said it is confident of surpassing its annual guidance of 20% growth. The stock has gained 26.61% over six months and 32.90% year to date.