India's Tips Music up on December-quarter profit rise

Tips Music

20/01/2026 04:56

** Tips Music TIPS.NS jumps 9.3% to 566 rupees, its highest level since Dec. 2; stocks set for its best day since June 2024

** Music company posts ~33% y/y rise in standalone net profit in December quarter; revenue from operations rises 21% y/y

** Declares interim dividend of 5 rupees/share for Q3

** JM Financial says taking cognisance of Q3 results, raising FY26–28 revenue forecasts by ~4% and FY26E EBIT margin assumption by ~20bps, respectively

** While management expects revenue to grow 20% in FY26 and FY27E, lack of new content pipeline in the near term may weigh on the guidance, JM Financial says

** TIPS fell 27.5% in 2025

(Reporting by Brijesh Patel in Bengaluru)

((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))