Tips Music share price surged as much as 6% in Friday's trading session after the company released its financial results for the September quarter FY27, along with interim dividend.
Tips Music shares opened at ₹700 per share on NSE today, as compared to previous close of ₹684.40 on Thursday and touched an intraday high of ₹731 on 16 October.
Tips Music posted a 24.5% year-on-year (YoY) increase in net profit to ₹66 crore in the September quarter of FY27, compared with ₹53 crore in the corresponding quarter last year.
The company's revenue grew 34.8% YoY to ₹120 crore in Q2FY27, up from ₹89 crore reported in the year-ago period.
At the operating level, earnings before interest, tax, depreciation and amortisation (EBITDA) rose 25.7% YoY to ₹85 crore, compared with ₹67.6 crore in the same quarter last year. However, the EBITDA margin declined to 70.8% from 76% a year earlier.