New Delhi, July 23 -- Shares of Tips Music surged 13.5% during Thursday's session (23 July), hitting an intraday high of Rs.707.90 after the company June quarter results.

The company, on Wednesday after market hours, reported a 21% year-on-year increase in revenue to Rs.106.5 crore, driven by sustained growth across its digital and non-digital businesses, along with continued investments in music content.

Operating EBITDA stood at Rs.53.5 crore, with margins coming in at 50.3%. The margin came sharply lower as against 64.2% in Q1FY26.

On the bottom line, the net profit came in at Rs.43.9 crore for the quarter, a marginal 4% down from Rs.45.7 crore reported in the same period last year.

The company also continued to strengthen its cont...