Tips Music532375Dividend news update

Board declares first interim dividend of Rs. 6.50 per share, approves Q2 FY27 results

Board declared first interim dividend of Rs. 6.50 per equity share (650% of face value of Re. 1/-) for FY 2026-2027.

By ScoutQuest · Thu 15 Oct 2026, 1:57 PM IST · 3 min read

Interim Dividend: Rs. 6.50 per equity share (650% of face value of Re. 1/-) for FY 2026-2027
Record Date: October 22, 2026
Payment Date: on or before November 12, 2026

Board meeting outcome

The Board of Directors met on Thursday, October 15, 2026, from 12:45 PM to 1:30 PM. It approved the unaudited financial results along with the Limited Review Report for the quarter and half year ended September 30, 2026, and declared the first interim dividend for FY 2026-2027.

Dividend declared

First interim dividend for FY 2026-2027: Rs. 6.50 per equity share
That is 650% of the face value of Re. 1 per share
Record date: Thursday, October 22, 2026
Payment on or before November 12, 2026

The record date decides who is eligible: the dividend goes to the holders of shares on that date.

How the September quarter looked (figures in Rs. lakh)

Revenue from operations: 12,006.36, against 8,922.42 in the quarter ended September 30, 2025
Other income: 445.46
Total income: 12,451.82
Total expenses: 3,647.84
Profit before tax: 8,803.98
Net profit for the period: 6,573.95, against 5,319.21 a year earlier
Basic EPS: 5.15 and diluted EPS: 5.15, against 4.16 each a year earlier

The heaviest expense line in the quarter was advertisement and sales promotion at 1,256.01, followed by acquisition cost / in-house music production cost at 1,212.59.

Half year and balance sheet

Half-year revenue from operations: 22,657.58
Half-year net profit: 10,943.90
Half-year basic and diluted EPS: 8.56 each
Paid-up equity share capital as at September 30, 2026: 1,271.60, against 1,278.32 as at March 31, 2026
Total assets: 41,009.87, against 36,202.74 as at March 31, 2026
Total equity: 32,423.02
Cash and cash equivalents: 854.92
Net cash from operating activities for the six months: 8,259.80

The company states it has only one reportable business segment, Audio/Video Products, and no subsidiary, associate or joint venture as at September 30, 2026.

Buyback of shares

The Board had approved buying back fully paid-up equity shares of face value Re. 1 each for an amount not exceeding 4,450 lakh, representing 14.87% of the aggregate of the total paid-up equity share capital and free reserves as at June 30, 2026, at a price not exceeding Rs. 750 per share, from the open market.
Shareholders approved the buyback by special resolution at the Annual General Meeting held on August 31, 2026.
The buyback window opened on September 9, 2026 and closed on September 30, 2026.
The company bought back 6,71,946 equity shares, which is 0.53% of the number of equity shares as at June 30, 2026.
Total cash outflow, including transaction costs: INR 4,514.50 lakh.
Of these, 3,24,700 equity shares were bought back on or before September 30, 2026 and the remaining 3,47,246 equity shares were extinguished on October 6, 2026; the buyback has been accounted for in the September quarter results.

What a retail investor may note

An interim dividend is a payout decided by the Board during the year, distinct from a final dividend that is decided at the year end.
The declared rate of 650% is on the face value of Re. 1, not on the market price of the share.
A buyback reduces the number of shares in issue; paid-up equity share capital came down from 1,278.32 to 1,271.60 lakh between March 31, 2026 and September 30, 2026.

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