Tips Music Limited · NSE:TIPSMUSIC
Tips Music — Q1 FY2026 Earnings Presentation
23 slides from Tips Music's earnings presentation
Slide 1: Investor Presentation Q1 FY26
Investor Presentation Q1 FY26
Slide 2: Safe harbor
Safe harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Tips Music Limited (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities
Slide 3: Company Overview
Company Overview KEY FACTS Founded Year 1988 Catalogue comprises of music in over Only listed player to expense off Debt free company with 25 languages 100% of content cost in the ₹ 316 cr of cash & available across multiple investments platforms globally quarter of release Website www.tips.in Indus
Slide 4: What Makes Us Unique
What Makes Us Unique Optimising Capital Allocation India Music Investment Opportunity Optimising Capital India Music Investment Allocation Opportunity Sustainably Increasing market share The Subscription Wave Sustainably Increasing The Subscription market share Wave Our Content Global Platforms Powe
Slide 5: Optimising Capital Allocation: Total Payout to shareholders in Q1FY26 Rs 51.13 Cr
Optimising Capital Allocation : Total Payout to shareholders in Q1FY26 Rs 51.13 Cr Consistently rewarding shareholders through Buybacks & Dividends 316 (Crs) Reducing Equity Shares* 275 271 89 77 17.31 71 -26% 62 15.96 56 15.36 47 51 14.32 40 33 12.97 12.84 12.78 12.78 23 19 21 13 10 14 13 4 22 0.5
Slide 6: Sustainably Increasing Market Share: Revenues Surged 1.8x in Last 2 Years
Sustainably Increasing Market Share: Revenues Surged 1.8x in Last 2 Years Music Sector* Revenues (₹ Crs) (₹ Crs) 5,834 311 13.7% 4,488 242 +36.1% 4,039 3,964 3,441 187 136 91 CY22 CY23 CY24 CY25E# CY27E # FY21 FY22 FY23 FY24 FY25 *Source: EY-FICCI M&E Report 2025; # EY Estimates. Note: Music industr
Slide 7: Our Content Powers Global Platforms
Our Content Powers Global Platforms Digital Partners Sync Deals Broadcast Partners 7
Slide 8: India Music Investment Opportunity
India Music Investment Opportunity Global Total Music Streaming Volume ( Audio & Video) Global Music Label Revenues (trillion streams) (USD bn) +34% 2023 28.6 2023 7.1 India 15% Vol Mkt 85% 0.5 India 2% Val Mkt 98% 1.0 share share 5.3 81% 0.6 World ex. India 28.1 World ex. India 6.1 4.7 2022 2023 20
Slide 9: Global Subscription Streams Account For 3x the Revenue of Ad-supported Streams
Global Subscription Streams Account For 3x the Revenue of Ad-supported Streams Global Music Revenue Sources 2.2% 2.2% 3.2% 2.8% 9.5% 9.7% 16.4% 48.9% CY2023 17.8% 51.2% CY2024 18.5% 17.7% Subscription audio streams Ad-supported streams Synchronisation Performance rights Physical Download & Other dig
Slide 10: Growing Listenership & Increasing Content Addition
Growing Listenership & Increasing Content Addition Evergreen & Rich content of over 34,000 songs across Annual YouTube Views (in. Bn) genres, languages & decades giving us high visibility of 228.3 +56% 193.9 music revenue 112.7 New Songs Added 38.5 59.6 92 FY21 FY22 FY23 FY24 FY25 New releases in Q1
Slide 11: Financial Performance
Financial Performance
Slide 12: Summary of Last 10 Quarters
Summary of Last 10 Quarters (Crs) Cumulative 90.0 88.1 (10 quarters) 80.6 80.0 77.7 78.5 73.9 70.0 Revenue 64.8 63.3 692.4 60.9 60.0 52.0 52.6 48.2 50.0 44.2 45.7 43.6 39.5 Content Cost 40.0 34.7 30.6 168.9 30.0 26.8 25.8 29.9 18.4 23.9 20.0 23.5 19.0 14.7 14.6 12.7 Profit after Tax 10.0 12.2 13.8 4
Slide 13: Summary of Last 5 Years
Summary of Last 5 Years (Crs) 310.7 241.6 186.8 166.6 135.6 +31.0% 127.2 90.5 76.5 71.0 64.6 43.5 55.6 32.7 62.4 13.2 FY21 FY22 FY23 FY24 FY25 Content Cost Revenue PAT 13
Slide 14: Business Performance
Business Performance (₹ Crs) Revenue Op. EBITDA Op. EBITDA Margins (%) +19% +4% -937 bps 88.1 73.6 54.4 56.5 64.2 73.9 Q1FY25 Q1FY26 Q1FY25 Q1FY26 Q1FY25 Q1FY26 Revenue Op. EBITDA Op. EBITDA Margins (%) +29% +30% +94 bps 310.7 206.7 65.6 66.5 241.6 158.5 FY24 FY25 FY24 FY25 FY24 FY25 14
Slide 15: Industry Leading Financial Performance
Industry Leading Financial Performance (₹ Crs) Revenue EBIT & EBIT Margin 63.9% 55.1% 66.8% 67.8% 311 224 +32% +36% 242 171 187 136 106 89 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 ROE EPS 86% 13.0 81% +38% 63% 64% 9.9 5.9 5.0 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 15
Slide 16: Profit & Loss Statement
Profit & Loss Statement Particulars (Rs. in Crs) Q1FY26 Q1FY25 Y-o-Y Q4FY25 Q-o-Q FY25 FY24 Y-o-Y Revenue From Operations 88.1 73.9 19% 78.5 12% 310.7 241.6 29% Content Cost 23.5 12.7 85% 29.9 -21% 71.0 55.6 28% Employee Benefits Expenses 3.1 2.8 4.6 13.2 10.9 Other Expenses 4.9 4.1 6.7 19.8 16.6 Op
Slide 17: Balance Sheet
Balance Sheet Equity & Liabilities (₹ in Cr) Mar’25 Mar’24 Assets (₹ in Cr) Mar’25 Mar’24 Equity Share Capital 12.8 12.8 Non-Current Assets 196.8 166.7 Property, plant and equipment 6.2 7.8 Other Equity 209.5 179.5 Other tangibles 0.2 0.0 Total Equity Investment Property 0.1 0.1 Non- Current Liabili
Slide 18: Cash Flow Statement
Cash Flow Statement Cash Flow Statement (Rs. Crs.) Mar’25 Mar’24 Cash Flow from Operating Activities Profit before Tax 223.2 170.5 Adjustment for Non-Operating Items -13.2 -6.3 Operating Profit before Working Capital Changes 210.0 164.2 Changes in Working Capital -30.6 112.6 Cash Generated from Oper
Slide 19: Music – A Digital Journey
Music – A Digital Journey
Slide 20: Digital Advertising – Key Driver of Indian Music Industry
Digital Advertising – Key Driver of Indian Music Industry Indian Digital Ad Industry India's digital advertising industry reached Rs 49,251 crore in 2024, up from (₹ Crs) Rs 40,685 crore in 2023, and is projected to grow at a CAGR of 19%. By then, digital media is expected to account for 61% of tota
Slide 21: Digital Advertising will Dominate Media Spending in India for the Next Few Years
Digital Advertising will Dominate Media Spending in India for the Next Few Years Advertising spends on different media Advertising spends across various media (%) - Forecast 65 61 60 Digital Radio Cinema 55 55 OOH 4.0% 50 49 Print 2.0% Television 0.3% 45 42 42 43 17.0% 28.0% 40 39 35 35 31 30 29 28
Slide 22: Few Industry Reports
Few Industry Reports Digital Advertising in India dentsu Global Music Report IFPI EY Media Entertainment FICCI Report 2025 Ericsson Mobility Report EMR dentsu IFPI FICCI EMR Digital Advertising in India Global Music Report EY Media & Entertainment Ericsson Mobility Report 2025 Report 22
Slide 23: Thank You
Thank You Company Details: Investor Relations Advisors: Tips Music Limited MUFG Intime India Private Limited A part of MUFG Corporate Markets, a division of MUFG Pension & Market Services CIN: L92120MH1996PLC099359 Mr. Nikunj Jain | Ms. Mamta Nehra +91 9769060608 | +91 9987903500 investorrelations@t