Tanla Platforms Q3 PAT up 68.95% at Rs158cr as servicing costs grows slower than revenues

23 Jan 2022 , 07:14 PM

Tanla Platforms Ltd reported 35.29% growth yoy in total revenues for the Dec-21 quarter on consolidated basis at Rs884.92cr. On a sequential basis, the revenues were higher for the quarter by 5.14%.

During the quarter, the company has disposed off its investment in Jengatron Gaming Private Limited against which provision for impairment had been provided in earlier years.

The company is into the provision of CPAAS services, which is an IT solution and is short for Communication Platform As A Service (CPAAS).

The consolidated Profit after tax (PAT) for the Dec-21 quarter was up 68.95% at Rs158cr as the spike in sales revenues was much sharper than the cost of services provided increase on yoy basis. However, on a sequential basis, the net profits growth has moderated to just about 16.03%.

Net margins expanded from 14.30% in the Dec-20 quarter to 17.85% in the Dec-21 quarter. Net margins were higher sequentially by 167 basis points.

Financial highlights for Dec-21 compared yoy and sequentially

	Tanla Platforms
Rs in Crore	Dec-21	Dec-20	YOY	Sep-21	QOQ
Total Income (Rs cr)	₹ 884.92	₹ 654.11	35.29%	₹ 841.62	5.14%
Net Profit (Rs cr)	₹ 158.00	₹ 93.52	68.95%	₹ 136.17	16.03%
Diluted EPS (Rs)	₹ 11.66	₹ 6.87		₹ 10.04
Net Margins	17.85%	14.30%		16.18%