Business Wire IndiaTanla Platforms Limited, India’s largest CPaaS provider, today announced its financial results for the third quarter of FY’22-23.
Key Metrics: Third Quarter (October – December 2022)
- Revenue decreased by 2% year-over-year to Rs 8.696 million
- Gross profit at Rs 2.168 million. Gross margin at 24.9%
- EBITDA at Rs 1.513 million. EBITDA margin at 17.4 %
- Profit after tax at Rs 1.165 million. Profit after tax margin at 13.4%
- Earnings per share at Rs 8.58
- Cash & Cash Equivalents at Rs 7,680 million
Key Metrics: Nine months (April – December 2022)
- Revenue increased by 7% year-over-year to Rs 25,208 million
- Gross profit at Rs 6.075 million. Gross margin at 24.1%
- EBITDA at Rs 4,216 million. EBITDA margin at 16.7 %
- Profit after tax at Rs 3.274 million. Profit after tax margin at 13.0 %
- Earnings per share at Rs 24.11
- Cash & Cash Equivalents at Rs 7,680 million and negative Free cash flow of Rs 565 million
Uday Reddy, Founder Chairman & CEO, Tanla Platforms Limited said, “Wisely is scaling up well and contributed 35% of our platform’s gross profit in the quarter. Our enterprise business is showing steady recovery with sequential improvement.”
.Significant events during the quarter:
- Tanla has been recognized as a Leading Mid-Corporate of India 2022 by Dun & Bradstreet India
- Completed our third consecutive buyback. Tanla bought back 1,416,666 shares at Rs 1,200 per share for an aggregate amount of Rs 1,700 million through tender route mechanism
- Tanla Foundation inaugurated a Skill Development & Placement Center at Nehru Nagar, Khammam, as part of our ESG initiatives
- Tanla Foundation provided scholarships covering full tuition fees for 5 students of IIT Madras from economically weak sections of society
Invitation to the conference call:
Tanla will host a conference call and live webcast to discuss the financial results on Jan 23, 2023, at 4.30 PM IST.
Conference call details:
Interested parties may listen to the call by dialing +91 22 6280 1141/+91 22 7115 8042, or if outside India, by dialing the toll-free number – the United Kingdom 08081011573, United States 18667462133, Hong Kong 800964448, and Singapore 8001012045 .Watch the presentation at https://bit.ly/3GRt2MF.
