Hot Pursuit     18-Oct-24
Tanla Platforms slips as PAT declines 9% YoY to Rs 130 cr in Q2
Tanla Platforms declined 3.46% to Rs 827.70 after the company's consolidated net profit declined 8.65% to Rs 130.21 crore on 0.78% fell in net sales to Rs 1,000.72 crore in Q2 FY25 over Q2 FY24.
Profit before tax (PBT) was at Rs 160.72 crore in September 2024 quarter, down 10.07% YoY.

EBITDA stood at Rs 175.40 crore in Q2 of FY25, down 10.87% YoY. EBITDA margin stood at 17.5% during the period under review.

Total expenses rose 1.67% year on year to Rs 850.25 crore during the quarter. Employee benefits expense stood at Rs 54.37 crore (up 23.12% YoY) during the period under review.

The company's revenue Enterprise Communications business stood at Rs 912.70 crore (down 0.06% YoY) whereas revenue from Digital Platform business was at Rs 88 crore (down 7.7% YoY) during the quarter under review.

The firm added 89 new clients in Q2, with 35% of these additions coming from new channels such as WhatsApp.

During Q2 FY25, company’s cash & cash equivalents stood at Rs 705.30 crore and free cash flow at Rs 52 crore.

On half year basis, the company’s consolidated net profit declined 2.34% to Rs 271.43 crore on 4.33% rise in revenue to Rs 2,002.92 crore in H1 FY25 over H1 FY24.

Uday Reddy, founder chairman & CEO, Tanla Platforms said, “Amidst the dynamic landscape, we have navigated shifts effectively while building a foundation for sustained growth. With strategic investments in OTT, platform innovation, and investment for future growth, Tanla is positioned to drive impactful industry shifts. We closed another deal with one of the largest banks in India this quarter for Wisely ATP, reinforcing our commitment to secure, innovative digital solutions.”

Tanla Platforms has revolutionized digital interactions by empowering users and enabling enterprises through its innovation led SaaS business. With a unique enterprise and user-centric approach, Tanla has emerged as a leader in the CPaaS industry dominating data security, privacy, spam, and scam protection. Headquartered in Hyderabad (India).

Previous News
  Tanla Platforms consolidated net profit declines 8.66% in the September 2024 quarter
 ( Results - Announcements 17-Oct-24   17:40 )
  Tanla Platforms schedules board meeting
 ( Corporate News - 15-Apr-23   17:32 )
  Tanla Platforms announces board meeting date
 ( Corporate News - 10-Jul-24   17:45 )
  Tanla Platforms allots 4.14 equity shares under ESOP
 ( Corporate News - 17-Nov-21   18:47 )
  Board of Tanla Platforms recommends Interim dividend
 ( Corporate News - 05-Aug-22   10:49 )
  Volumes spurt at SBI Cards & Payment Services Ltd counter
 ( Hot Pursuit - 28-Nov-22   11:00 )
  Tanla Platforms hits 52-week high as Q1 PAT jumps 35% YoY
 ( Hot Pursuit - 21-Jul-23   13:35 )
  Board of Tanla Solutions appoints directors
 ( Corporate News - 30-Aug-19   15:21 )
  Tanla Solutions to convene board meeting
 ( Corporate News - 04-Aug-20   11:59 )
  Tanla launches MaaP platform to support Google RCS Business Messaging for telcos
 ( Corporate News - 04-Mar-24   18:38 )
  Tanla Platforms consolidated net profit rises 37.14% in the March 2022 quarter
 ( Results - Announcements 30-Apr-22   08:34 )
Other Stories
  Protean eGov bags order from CERSAI
  03-Dec-24   08:05
  BSE SME Rajesh Power Services spurts on listing day
  02-Dec-24   18:18
  Maruti Suzuki production rises 14% YoY to 168,286 units in Nov’24
  02-Dec-24   16:09
  AGI Infra gains as board OKs 1:2 stock split proposal
  02-Dec-24   15:40
  Magellanic Cloud Ltd leads losers in 'A' group
  02-Dec-24   15:00
  Adani Ports handles 36 MMT of cargo volumes in Nov’24
  02-Dec-24   14:46
  Soma Textiles & Industries Ltd leads losers in 'B' group
  02-Dec-24   14:45
  Volumes spurt at Home First Finance Company India Ltd counter
  02-Dec-24   14:30
  Atul Auto hits the roof as total sales jump 25% YoY in Nov'24
  02-Dec-24   14:30
  SML Isuzu slips as sales slide 17% YoY in November
  02-Dec-24   14:24
Back Top