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Tanla Platforms Ltd Q1FY22 consolidated PAT at Rs. 104.48 crore



Posted On : 2021-07-22 16:49:32( TIMEZONE : IST )

Tanla Platforms Ltd Q1FY22 consolidated PAT at Rs. 104.48 crore

Tanla Platforms Ltd. has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.630.68 crores during the period ended June 30, 2021 as compared to Rs.650.09 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.104.48 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.102.53 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.7.68 for the period ended June 30, 2021 as compared to Rs.7.54 for the period ended March 31, 2021.

FinancialsQ1 FY2021-22Q4 FY20-21% Change
Total Income₹ 630.68 crs₹ 650.09 crsDown Tick -2.99%
Net Profit₹ 104.48 crs₹ 102.53 crsUp Tick 1.9%
EPS₹ 7.68₹ 7.54Up Tick 1.86%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.630.68 crores during the period ended June 30, 2021 as compared to Rs.468.77 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.104.48 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.78.60 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.7.68 for the period ended June 30, 2021 as compared to Rs.5.16 for the period ended June 30, 2020.

FinancialsQ1 FY2021-22Q1 FY2020-21% Change
Total Income₹ 630.68 crs₹ 468.77 crsUp Tick 34.54%
Net Profit₹ 104.48 crs₹ 78.60 crsUp Tick 32.93%
EPS₹ 7.68₹ 5.16Up Tick 48.84%

The Board of Tanla approved buyback of equity shares, for an aggregate amount not exceeding ₹65 crore at a price not exceeding ₹1,260 per equity share, payable in cash, from the open market through stock exchange mechanism in accordance with the applicable regulations.

Uday Reddy, Chairman & CEO, Tanla Platforms Limited said, "We had a stellar start into the year with consistent acceleration in our revenue growth, while improving profitability and cash flows. The operating profit and net profit are at an all-time high, driven by increasing contribution from our platform business. Our financial performance is an outcome of our innovation led strategy and focused execution.

Tanla is growing at rate of knots. There is a Rule of 40 out there for SaaS companies, but Tanla has grown organically at Rule of 60 in Q1. This is a tangible demonstration of the strong unit economics within our business, and it showcases the inherent strength of the business model.

We are transforming the way large enterprises engage with their end customers. Our customers are growing, and we are growing with them. Our top 20 customers have grown 31% and we have 13 customers with annualized revenues greater than ₹50 crore in the quarter.

As we look forward, we will stay focused on our 'one platform' strategy. Wisely, our enterprise grade platform built for the entire CPaaS ecosystem, is seeing strong traction. Our alliance with Microsoft as a technology, cloud and GTM partner will pave way for our global expansion."

Shares of Tanla Platforms Ltd. was last trading in BSE at Rs. 965.55 as compared to the previous close of Rs. 926.6. The total number of shares traded during the day was 14835 in over 782 trades.

The stock hit an intraday high of Rs. 972 and intraday low of 920. The net turnover during the day was Rs. 14119344.

Source : Equity Bulls

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