Tips Music Limited Approves Financial Results, Re-appoints Internal Auditor
Tips Music Limited, formerly known as Tips Industries Limited, announced the outcome of its Board meeting held on July 22, 2026. The board reviewed and approved the unaudited financial results for the quarter ended June 30, 2026, alongside a limited review report. The company also approved the re-appointment of Grant Thornton Bharat LLP as the Internal Auditor for the financial year 2026-27.The Board meeting commenced at 1:00 PM and concluded at 1:40 PM.
Financial Performance Highlights (Quarter Ended June 30, 2026)
The unaudited statement of financial results presented strong performance metrics for the quarter ended June 30, 2026. The figures, which are presented in INR Lakhs, detail the company's operational income and expenses across several quarters.Key financial metrics from the recent quarter include:
| Particular | Quarter Ended June 30, 2026 (INR Lakhs) |
|---|---|
| Total Income | 11,233.62 |
| Total Expenses | 5,403.44 |
| Net Profit for the Period | 4,369.95 |
| Earnings Per Share (Basic/Diluted) | 3.42 |
Management continued to track operational performance in its single reportable business segment, which is Audio/Video Products.
A detailed comparison of key income and expenditure items across reporting periods is provided below:
| Metric | Q Ended June 30, 2026 | Q Ended March 31, 2026 | Q Ended June 30, 2025 |
|---|---|---|---|
| Revenue from operations (INR Lakhs) | 10,651.22 | 10,393.30 | 8,806.84 |
| Total Income (INR Lakhs) | 11,233.62 | 10,771.47 | 9,375.52 |
| Total Expenses (INR Lakhs) | 5,403.44 | 2,766.95 | 3,222.48 |
| Net Profit for the Period (INR Lakhs) | 4,369.95 | 5,905.69 | 4,583.88 |
Corporate Governance and Future Plans
The Board meeting outcomes included approval of the internal auditor's re-appointment. Grant Thornton Bharat LLP was approved to serve as the Internal Auditor for the financial year 2026-27. Grant Thornton Bharat LLP is noted as a firm with wide experience in risk, tax, M&A and other advisory services.In addition to these approvals, the company deferred a proposal concerning the buyback of fully paid-up equity shares. This proposal has been scheduled for consideration and approval by the Board of Directors at the meeting planned for Wednesday, August 5, 2026. The Trading Window for Designated Persons will remain closed until 48 hours after the conclusion of the Board Meeting on August 5, 2026.
TIPSMUSIC Stock Price Movement
Shares of Tips Music Limited slipped sharply today, concluding at ₹622.85 after shedding 12.15% of its value. The stock traded through this decline amid high activity, with nearly 2.9 million shares transacting during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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