CPaaS Provider Tanla Announces Third Quarter Results: Gross Profit, Revenue Up
Tanla Platforms Limited, a CPaaS provider, today announced its financial results for the third quarter of FY21-22.
Revenue grew 35% year-on-year to Rs 8,849 million. Gross profit increased by 62% year-on-year to Rs 2,610 million. Gross margin at 29.5% and improved by 486 basis points year-on-year.
EBITDA increased by 60% year-on-year to Rs 2,028 million. EBITDA at 22.9% and improved 352 basis points year over year. Profit after tax rose 69% year-on-year to Rs 1,580 million.
Earnings per share increased by 70% to Rs 11.66. Free cash flow at Rs 302 million and cash and cash equivalents at Rs 8,807 million.
Nine-month revenue grew 39% year-on-year to Rs 23,529 million.
Gross profit increased by 66% year-on-year to Rs 6,647 million. Gross margin of 28.2% and improvement of 457 basis points year over year. EBITDA increased by 72% year-on-year to Rs 5,161 million. EBITDA of 21.9% and improvement of 425 basis points year over year.
Profit after tax rose 57% year-on-year to Rs 3,987 million. -Earnings per share increased by 65% to Rs 29.37. Free cash flow at Rs 3,804 million.
Uday Reddy, Founding Chairman and CEO of Tanla Platforms Limited, said, “Tanla has delivered year-on-year growth for 22 consecutive quarters with very strong performance in the quarter across all metrics, and we We are confident that this momentum will continue. “
Highlights of the quarter
Tanla and Vodafone Idea Limited (Vi) have entered into an exclusive multi-year partnership to deploy the patented Wisely Platform blockchain to secure, encrypt and improve the performance of all international messaging traffic on the Vi network.
Integrated two of India’s top ten banks for secure and critical notification service on Wisely. Trubloq, our DLT platform crossed 31 billion transactions in December 2021, processing more than 1 billion transactions per day.
Tanla has been included in the Nifty India Digital Index, recently launched by NSE to track stocks broadly representing the digital theme. The customer base grew with the addition of 77 new customers. Revenue from clients > Rs10Mn+ increased by 36% year-on-year.
As part of our net zero journey, we have measured our baseline carbon footprint and are working to obtain commendable USGBC certifications for our new premises. Conference Invitation: Tanla will host a conference call and live webcast to discuss the financial results.
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Posted: Saturday, January 22, 2022, 12:18 PM IST