Tanla Platforms stock plunges near 4% post Q2FY23 numbers

21 Oct 2022 , 09:16 AM

Tanla Platforms Limited, India’s largest CPaaS provider, has announced its financial results for the second quarter of FY’22-23.

Key Metrics: First Quarter (April — June 2022)

• Revenue increased by 1% year-over-year to Rs851 crore
• Gross profit at Rs205.6 crore Gross margin at 24.2%
• EBITDA at Rs139.5 crore EBITDA margin at 16.4 %
• Profit after tax at Rs110.4 crore. Profit after tax margin at 13%
• Earnings per share at Rs8.14
• Cash & Cash Equivalents at Rs855.2 crore

Key Metrics: First Quarter (April — September 2022)

• Revenue increased by 12% year-over-year to Rs1651.2 crore.
• Gross profit at Rs390.7 crore. Gross margin at 23.7%.
• EBITDA at Rs270.2 crore. EBITDA margin at 16.4 %.
• Profit after tax at Rs210.8 crore. Profit after tax margin at 12.8%.
• Earnings per share at Rs15.53.
• Free cash flow at Rs30.2 crore and Cash & Cash Equivalents at Rs855.2 crore

Uday Reddy, Founder Chairman & CEO, Tanla Platforms Limited said, “Our significant investments in Wisely, the platform of platforms for digital interactions is seeing strong traction and we are accelerating our Go-to-market efforts. Our focus on ESG was recognized by our S&P Global ESG score where we ranked in the top 93-94 percentile of the industry”.

At around 9:16 AM, Tanla Platforms was trading at Rs786.25 per share lower by 3.82% on the BSE.

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