All Q2 FY27 results →

TM

Tips Music Ltd

Q2 FY27

Tips Music Q2 FY27 earnings call: Revenue & Margins

Q2 FY27 earnings call: what management guided on revenue, margins and order book.

Price₹747

Market cap₹9.5K Cr

P/E44.5

Updated16 Oct 2026

Read5 min read

Based on our transcription of the Q2 FY27 call recording. The company has not filed its transcript yet; this page will switch to it when it does.

What the Q2 FY27 call signalled

2 of 3 strong

RevenueGood growth

MarginMargins steady

Order bookOrder book rising

The short version

The company aims to return to a 30% growth rate, with the entire team focused on achieving this (Page 6, [22:36]). - Revenue growth for H1 FY27 was 28%, with a conservative annual growth guidance of 22-23% to avoid over-promising (Page 5, [11:04]). - Streaming volumes grew 30-35% year-over-year in the recent quarter, with an emphasis on increasing streams from 300-400 million to 600-800 million (Page 8, [32:45], [33:25]). The company is focused on achieving a 30% growth target, with management keen on exceeding earlier projections as stated on page 6.

From Tips Music Ltd's Q2 FY27 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

Good growth

The company aims to return to a 30% growth rate, with the entire team focused on achieving this (Page 6, [22:36]).
Revenue growth for H1 FY27 was 28%, with a conservative annual growth guidance of 22-23% to avoid over-promising (Page 5, [11:04]).
Streaming volumes grew 30-35% year-over-year in the recent quarter, with an emphasis on increasing streams from 300-400 million to 600-800 million (Page 8, [32:45], [33:25]).
Growth is primarily volume-driven, with paid subscriptions contributing around 10-15% to the digital revenue segment, expected to increase over time (Page 7, [27:30], [29:43], [34:32]).

2 more points from Tips Music Ltd's call on revenue

Pro opens every point from 15K+ earnings calls

Profitability & Margins

The company is focused on achieving a 30% growth target, with management keen on exceeding earlier projections as stated on page 6.
Conservative guidance for FY27 revenue growth is set at 22-23%, despite H1 delivering 28% growth, implying confidence but cautious outlook for H2 (page 5).
Content cost for the year is maintained at 90-100 crore with front-loaded spending in H1, expecting lighter content costs in H2, which could help profitability (page 5).
Operating EBITDA grew 25% YoY with a margin of 70.5%, and PAT grew 23% YoY in Q2, while H1 PAT growth is 11% YoY, showing solid profitability trends (page 2).
Volume-driven growth predicted with 30-35% YoY increase in streaming volume, supporting revenue expansion mainly from increasing consumption (page 7).

2 more points from Tips Music Ltd's call on margins

Pro opens every point from 15K+ earnings calls

See what Tips Music Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

The company is planning to invest significantly in content acquisition with a content investment guidance of around Rs. 90 to 100 crores for FY27.
Around Rs. 70 crores were already spent in H1 FY27 on content, with a lighter spend expected in H2.
Focus on acquiring new music rather than just remakes or older catalogs, aiming to build a strong future pipeline.
Investments in fresh, new songs across various films (e.g., a film called "My Wapha Sangha" and a Punjabi film "Mishkanama Music") underscore their strategic focus.

2 more points from Tips Music Ltd's call on capex

Pro opens every point from 15K+ earnings calls

Fundraising & Capital Structure

The transcript does not mention any current or future fundraising plans through debt or equity for TIPS Music Limited. Key points supporting this: - No discussion or indication of raising funds via debt or equity during the call. - Focus is on content investment funded from internal accruals, with content spend guidance maintained at Rs. 90-100 crore for FY27. - Management mentions being cautious with investments but priority is on music business growth.

2 more points from Tips Music Ltd's call on fundraising

Pro opens every point from 15K+ earnings calls

See what Tips Music Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

Order book rising

The transcript of the fy27-q2.pdf does not explicitly mention current, expected orderbook, or pending orders in traditional terms often used in manufacturing or project-based businesses. However, relevant insights regarding upcoming content and deals include: - The company plans to release around 5-6 films annually, mainly in Hindi and 2-3 in other regional languages (Page 7). - No significant new renewal deals with OTT players are pending in H2; all are sealed (Page 7). - The Warner deal is up for renewal next year, September 20th (Page 9). - YouTube Shorts deal is delayed by 3-4 months but expected to conclude in Q3 (Page 7).

2 more points from Tips Music Ltd's call on order book

Pro opens every point from 15K+ earnings calls

Tips Music Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024Q3 FY25

Mar 2025Q4 FY25

Jun 2025Q1 FY26

Sep 2025Q2 FY26

Dec 2025Q3 FY26

Mar 2026Q4 FY26

Q2 FY27 figures are not in this chart yet. Latest shown: Mar 2026 (Q4 FY26). The Q2 FY27 numbers from the filing are in the analysis on this page.

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹104 Cr, net profit ₹59 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What Tips Music's management said in earlier quarters

🔎 Who's planning the most growth?

Companies ranked by management's own guidance — revenue, margins, capex and order book, from every earnings call in India.

See rankings →

Arthneeti Pro · Annual

Tips Music Ltd and 15K+ more earnings calls,
for less than your morning chai

a day

Every earnings call, ranking and concall Q&A across all four results seasons.

Secure Razorpay payment · instant access

Frequently Asked Questions

What were Tips Music Ltd Q2 FY27 results?

The company aims to return to a 30% growth rate, with the entire team focused on achieving this (Page 6, [22:36]). - Revenue growth for H1 FY27 was 28%, with a conservative annual growth guidance of 22-23% to avoid over-promising (Page 5, [11:04]). - Streaming volumes grew 30-35% year-over-year in the recent quarter, with an emphasis on increasing streams from 300-400 million to 600-800 million (Page 8, [32:45], [33:25]). The company is focused on achieving a 30% growth target, with management keen on exceeding earlier projections as stated on page 6.

What is Tips Music Ltd share price analysis?

Tips Music Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 44.5 with a market cap of ₹9,548 Cr. Investors should review the full earnings analysis for detailed insights.

Is Tips Music Ltd planning capital expenditure?

The company is planning to invest significantly in content acquisition with a content investment guidance of around Rs.

Keep Tips Music Ltd on your radar — track it to get its next earnings analysis in your feed.

This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.