Rs 6 Dividend By BSE 500 IT Stock: January 27 Record Date, To Be Paid By February 20; BUY?

Tanla Platforms Limited, which was founded in 1999 is an IT leader in the CPaaS sector, controlling data security, privacy, spam, and scam protection with a distinctive corporate and user-centric approach. With its headquarters in Hyderabad, India, Tanla is the go-to partner for more than 2,000 businesses across a range of sectors, including major international IT companies like Google, Meta, and Truecaller. Tanla has been named a 'Visionary' in the 2024 Gartner® Magic QuadrantTM for CPaaS and is listed by the Financial Times as one of the "1000 High-Growth Companies in Asia Pacific." Tanla is listed in prominent indexes such as the Nifty 500, BSE 500, Nifty Digital Index, FTSE Russell, and MSCI. It is also publicly traded on the NSE and BSE (NSE: TANLA; BSE: 532790).

Tanla Platforms Dividend

The Board of Directors considered and approved "Declaration of interim dividend for the FY 2024-25 at the rate of Rs 6/- per equity share (i.e., 600%) of face value Rs 1/- each. Further, the 'Record Date' for determining the eligibility of shareholders for payment of the said interim dividend, as declared by the Board shall be January 27, 2025. The payment of interim dividend shall be made on or before February 20, 2025," said Tanla Platforms in a stock exchange filing.

Tanla Platforms Financials

For the third quarter ending December 31, 2024, Tanla Platforms Ltd. reported a 15.4% year-on-year (YoY) drop in net profit at Rs 118.5 crore. Tanla Platforms reported a net profit of Rs 140.1 crore for the equivalent quarter of the previous fiscal year. The company's revenue from operations dropped by 0.2% to Rs 1,000.4 crore in Q3FY25 from Rs 1,002.6 crore in Q3FY24. Compared to Rs 192.9 crore in Q3 FY24, EBITDA decreased 15.3% to Rs 163.4 crore in the third quarter of the current fiscal year. In the quarter under review, the EBITDA margin was 16.3%, down from 19.2% during the same time in the prior fiscal year.

Tanla Platforms Share Price Target

Mandar Bhojane - Equity Research Analyst at Choice Broking said, "TANLA is currently trading at 624, reflecting a strong downtrend characterized by a consistent pattern of lower highs and lower lows. The stock has faced continuous selling pressure, with the most recent low recorded at 617. The trend shows that sellers are in control, maintaining a bearish outlook. Key technical levels include support at 600, which has been recently tested, and resistance at 700. A breakdown below the 600 support level could trigger further declines toward the next key level of 550."

"The Relative Strength Index (RSI) currently stands at 35, indicating a bearish outlook. Additionally, the stock is trading significantly below its 200-day Exponential Moving Average (EMA), confirming the continuation of a long-term bearish trend, signaling sustained negative momentum. For a potential trend reversal, TANLA would need to reclaim levels above its 100-day EMA with a notable increase in trading volume. Until this occurs, the overall outlook remains negative. While the low RSI suggests the possibility of a short-term rebound, the broader trend is likely to remain bearish unless the price decisively breaks and sustains above the 700 resistance level," commented Mandar Bhojane.

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