Tips Music Limited · NSE:TIPSMUSIC
Tips Music — Q1 FY2027 Earnings Presentation
23 slides from Tips Music's earnings presentation
Slide 1: Investor Presentation Q1 FY27
Investor Presentation Q1 FY27
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 Only listed player to expense off 100% of content cost in the quarter of release Website www.tips.in Catalogue comprises of music in over Debt free company with 25 languages available across multiple platforms Established A&R ₹ 345 cr of cash & globally i
Slide 4: What Makes Us Unique
What Makes Us Unique Optimising Capital Allocation Optimising Capital Key Growth Drivers Ahead Allocation Key Growth Drivers Ahead Sustainably Increasing market share Sustainably Increasing The WaveSubscription market share The Subscription Wave Our Content Global Platforms Powers Our Content Powers
Slide 5: Optimising Capital Allocation through Buybacks & Dividends
Optimising Capital Allocation through Buybacks & Dividends 345 166 (Crs) Reducing Equity Shares* 275 271 267 17.31 15.96 -26% 89 15.36 77 71 14.32 62 56 59 40 47 45 12.97 12.84 12.78 12.78 12.78 33 14 19 21 13 10 13 4 2 2 0.5 2 5 472 22 0.3 2 0.03 0.1 3 0.36 0.3 0.3 0.2 0.1 2015-16 2016-17 2017-18 2
Slide 6: Sustainably Increasing Market Share: Revenues Surged 2x in Last 3 Years
Sustainably Increasing Market Share: Revenues Surged 2x in Last 3 Years Music Sector* Revenues (₹ Crs) (₹ Crs) 8.3% 5,527 376 4,716 311 4,348 +29.0% 3,979 3,906 242 187 136 CY23 CY24 CY25 CY26E# CY28E # FY22 FY23 FY24 FY25 FY26 *Source: EY-FICCI M&E Report 2026; # EY Estimates. Note: Music industry
Slide 7: Our Content Powers Global Platforms
Our Content Powers Global Platforms Digital Platforms Sync Deals Content Broadcasters 7
Slide 8: Key Growth Drivers Ahead
Key Growth Drivers Ahead Subscription Monetization of shorts Public Performance Rights Royalty from AI • Industry Subscription Shorts consumption far exceeds • Industry Revenue is growing Warner Music Group (WMG) Revenue is growing by other digital formats; at approx. 40-50% CAGR and and Universal M
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% 2.0% 2.8% 2.5% 9.7% 9.3% 16.6% 16.4% 51.2% CY2024 52.4% CY2025 17.7% 17.1% 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 38,000 songs across Annual YouTube Views (in. Bn) genres, languages & decades giving us high visibility of +37% music revenue 228.3 193.9 210.4 New Songs Added 112.7 59.6 73 New releases in Q1FY27 FY22 FY23 FY24 FY25
Slide 11: Financial Performance
Financial Performance
Slide 12: Summary of Last 10 Quarters
Summary of Last 10 Quarters (₹ Crs) Cumulative 106.5 (10 quarters) 103.9 100.0 94.3 88.1 89.2 90.0 Revenue 80.6 80.0 77.7 78.5 856 73.9 70.0 63.3 60.0 58.7 59.0 53.2 48.2 Content Cost 45.7 44.6 198.8 50.0 43.6 44.2 43.9 40.0 30.6 29.9 30.0 25.823.9 23.5 20.0 14.6 Profit after Tax 12.7 13.8 13.3 13.6
Slide 13: Summary of Last 5 Years
Summary of Last 5 Years (₹ Crs) 375.5 310.7 241.6 216.6 186.8 166.6 +30.0% 135.6 127.2 76.5 71.0 64.6 62.4 59.2 55.6 32.7 FY22 FY23 FY24 FY25 FY26 Revenue PAT Content Cost 13
Slide 14: Business Performance
Business Performance (₹ Crs) Revenue Op. EBITDA Op. EBITDA Margins (%) -1390 bps +21% -5% 106.5 64.2 56.5 53.5 88.1 50.3 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Revenue Op. EBITDA Op. EBITDA Margins (%) +21% +33% 690 bps 375.5 275.8 73.4 66.5 310.7 206.7 FY25 FY26 FY25 FY26 FY25 FY26 14
Slide 15: Industry Leading Financial Performance
Industry Leading Financial Performance (₹ Crs) Revenue EBIT & EBIT Margin 55.1% 66.8% 67.8% 74.1% 376 292 +26% 311 +40% 224 242 171 187 106 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 ROE EPS 92% 16.9 86% 81% +42% 13.0 64% 9.9 5.9 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 15
Slide 16: Profit & Loss Statement
Profit & Loss Statement Particulars (Rs. in Crs) Q1FY27 Q1FY26 Y-o-Y Q4FY26 Q-o-Q FY26 FY25 Y-o-Y Revenue From Operations 106.5 88.1 21% 103.9 2% 375.5 310.7 21% Content Cost 44.6 23.5 90% 13.6 228% 59.2 71.0 -17% Employee Benefits Expenses 4.0 3.1 8.2 20.3 13.2 Other Expenses 4.3 4.9 5.3 20.1 19.8
Slide 17: Balance Sheet
Balance Sheet Equity & Liabilities (₹ in Cr) Mar’26 Mar’25 Assets (₹ in Cr) Mar’26 Mar’25 Equity Share Capital 12.8 12.8 Non-Current Assets Other Equity 247.2 196.8 Property, plant and equipment 14.1 6.2 Total Equity 260.0 209.5 Other intangibles 0.1 0.2 Non- Current Liabilities Investment Property
Slide 18: Cash Flow Statement
Cash Flow Statement Cash Flow Statement (Rs. Crs.) Mar’26 Mar’25 Cash Flow from Operating Activities Profit before Tax 291.9 223.2 Adjustment for Non-Operating Items -13.1 -13.2 Operating Profit before Working Capital Changes 278.8 210.1 Changes in Working Capital -9.1 -30.8 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 71,621 crore in 2025, up from (₹ Crs) Rs 49,251 crore in 2024, and is projected to grow at a CAGR of 17% between CY2025 and CY2027. By then, digital media is expected
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 70 70 65 Digital 65 59 60 Radio Cinema OOH 54 55 4.0% Television Print 50 48 1.0% 21.0% 14.0% 1.0% 45 42 42 39 40 35 35 29 29
Slide 22: Few Industry Reports
Few Industry Reports EY Media Entertainment FICCI Report 2026 FICCI Global Music Report IFPI Digital Advertising in India dentsu dentsu IFPI EY Media & Entertainment Digital Advertising in India Global Music Report Report 2026 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 Ms. Mamta Nehra | Ms. Ayushi Gupta Mamta.nehra@in.mpms.mufg.com Ayushi.gupta@in.mpms.