Tips Music tumbles after weak Q1 earnings; board defers buyback proposal
Mumbai, July 22 -- The company said the buyback proposal will now be considered at the meeting of its board of directors scheduled for 5 August 2026.
For the quarter ended 30 June 2026 (Q1 FY27), standalone net profit declined 26% quarter-on-quarter to Rs 43.70 crore from Rs 59.06 crore in Q4 FY26.
Revenue from operations rose 2.48% QoQ to Rs 106.51 crore in the quarter ended 30 June 2026.
On a year-on-year basis, standalone net profit declined 4.66%, while revenue from operations increased 20.93% during the quarter.
EBITDA declined 5% year-on-year to Rs 53.5 crore in Q1 FY27 from Rs 56.5 crore in the corresponding quarter last year. EBITDA margin narrowed to 50.3% from 64.2% a year earlier.
Profit before tax (PBT) stood at Rs 58.30 ...
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