32,150% Rise In 5-Yrs: IT Stock Spurts After Scaling Revenue Milestone Of Over 1000 Cr

Mid cap IT Software sector company, Tanla Platforms Ltd shares witnessed a rally of nearly 9% on Friday after the company reported strong quarterly earnings. Tanla Platforms announced 29.1% YoY surge in net profit to Rs 142.50 crore for the quarter ended September FY24. Tanla Platforms shares witnessed recorded a sharp surge of 3110.53% in last 3-years and 275% spike in last 3-years. Check details below:

Tanla Platforms Q2 Results: The company scaled a new revenue milestone as it announced a rise of 18.5% on year in its revenue to Rs 1008.60 crore for the Q2 of FY24 as against Rs 9111 crore in last quarter, as per its BSE filing. The surge on topline was spurred by 7% growth in organic revenue and 27% in digital platforms segment, as per the BSE filing of the company.

Uday Reddy, Founder Chairman & CEO, Tanla Platforms Limited said, "Q2 has been a milestone quarter for us with revenues crossing Rs 10 billion for the first time. We have integrated ValueFirst India and delivered strong financial performance. We have a strong innovation DNA and deep domain knowledge, and we have been recognized as a Visionary in the Gartner Magic Quadrant for CPaaS."

The company's EBITDA margin expanded 312 basis points on year to 19.5%. It declared its EBITDA at Rs 3,790 million for the April-September quarter and for July to September, the EBITDA of the company has been declared at Rs 1,968 million.

Earlier, Tanla acquired ValueFirst Digital Media Private Limited, India ("VF Digital India") (and it is subsidiaries) from Twilio. The acquisition was closed on July 03, 2023, for an all- cash consideration of $45.5 Mn(Rs 3,737 Mn)

Tanla Platforms Stock Performance & Return: Last trading price of Tanla Platforms share on BSE is Rs 1067.50 with intraday gain of 4.21%. Tanla Platforms shares opened at Rs 1081.95, hit day's high of Rs 1119.85 per share, and day's low of Rs 1051.20 per share, respectively. The company has a market capitalisation of Rs 14,350.76 crore. Tanla Platforms shares gained 67% in last 6-months, soared 31% in last 1-year, rose 274% in last 1-year, and surged 32,150% in last 10-years.

About Tanla: Founded in 1999, it was the first company to develop and deploy A2P SMSC in India. Today, as one of the world's largest CPaaS players, it processes more than 800 billion interactions annually and about 63% of India's A2P SMS traffic is processed through Trubloq, making it the world's largest Blockchain use case. Wisely, our patented enterprise grade platform offers private, secure, and trusted experiences for enterprises and mobile carriers. Tanla Platforms Limited is headquartered in Hyderabad. Tanla is listed on two national exchanges, the NSE and BSE, (NSE: TANLA; BSE:532790) and included in prestigious indices such as the Nifty 500 and BSE 500, Nifty Digital Index, FTSE Russell and MSCI.

Disclaimer

The stock just highlights the rally in shares after Q2 results and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.