Tanla Announces Third Quarter FY23 Results

Business Wire India
Tanla 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 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 Centre 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.