Tips Music earnings calls.

Tips Music delivered a strong Q3 FY26 with 21% revenue growthCurrent reported value: 21% revenue growth. No comparable prior figure is available in the source record. to Rs 94.29Current reported value: 94.29. No comparable prior figure is available in the source record. crore and 33% PAT growthCurrent reported value: 33% PAT growth. No comparable prior figure is available in the source record. to Rs 58.7Current reported value: 58.7. No comparable prior figure is available in the source record. crore, driven by robust catalog performance and platform subscriber growth. EBITDA margin expanded 700bps YoY to 79%Current reported value: 700bps YoY to 79%. No comparable prior figure is available in the source record., though this was aided by lower-than-planned content costs at ~18% of revenue. Management upwardly revised PAT growth guidance to 25% for FY26 from 20% earlier, maintaining 20% revenue growth target. Key catalysts include the 145.3 million YouTube subscriber base, 100x spike in Instagram content creation from catalog virality, and the Warner partnership tracking per expectations. FY27 pipeline includes 4-5 Hindi film releases including David Dhawan and Diljit Dosanjh starrers. Key riskCurrent reported value: Key risk. No comparable prior figure is available in the source record.: Content cost is expected to rise to 25-28% in FY27 with higher acquisition activity, which could pressure margins even as revenue scales. YouTube Shorts monetization remains a fixed-fee model pending negotiations in FY27.