PR86389

HYDERABAD, India, Nov. 1, 2020 /PRNewswire=KYODO JBN/--

Tanla Platforms Limited (NSE: TANLA) (BSE: 532790), largest CPaaS provider,

today announced the results for the quarter ended on September 30th, 2020 as

compared to the corresponding quarter of previous financial year

- Revenue was INR 583.2 Cr and increased 20%

- EBITDA was INR 97.5 Cr and increased 210%

- PAT was INR 81.5 Cr and increased 273%

- EPS was INR 5.85 and increased 279%

- ROCE at 47.5% and increased 177%

- EBIDTA to Cash Conversion remained robust at 82%

"I'm delighted to report highest ever Revenue, EBITDA & EPS in Q2FY21. Our pioneering

and dominant market position in CPaaS, in this cathartic phase in Digital, powered

the surge in Revenue", commented Uday Reddy, Chairman & CEO of Tanla.

Commenting further Uday Reddy said, "Going forward our unwavering focus and

investments on platforms & products, brand, customer success and talent, will

drive future growth."

Business Highlights

- 89,203 enterprises 6,339 telemarketers are registered on DLT platform.

- In the first commercial go-live month of Sept 2020, Tanla's Trubloq handled

70% of the total DLT traffic which is 35Bn.

- 83 New Customer opportunities from major verticals (Banking, Financial

services, e-commerce, Gaming, OTT etc.) Including established brands to high

potential startups were signed up during Q2FY21, with an annual potential

revenue of ~ 76 Cr

Tanla's paid up share capital was 13,60,36,450 equity shares of INR 1/ each on

Sept 30, 2020 after a share buyback of 1,66,92,752 equity shares of Re.1 each

and allotment of 4,71,645 equity shares of Re.1 each under the Employee Stock

Purchase Plan, 2016.

The Company has paid an interim dividend of Re.1 per share to the Shareholders

as on the Record date on September 18, 2020 aggregating INR 13,57,87,600/-.

Support during COVID-19

During these trying periods, we focused on ensuring the safety of our employees

encouraged them to work from home and minimize interaction at public places by

providing them with the required infrastructure and a Covid Fund to help them

meet medical needs for self and immediate family. We have also succeeded in

providing the required support to our customers and partners and ensured they

succeeded in providing their best work while they operated remotely.

About Tanla

Tanla is a Hyderabad, India, based company, established in 1999. It is a

largest CPaaS provider, handling over 250 billion business communications

annually with a market share of ~70%. Tanla is innovating the way the world

communicates, continuously raising the bar through enhanced speed, ease, and

simplicity of Cloud Communication solutions, adopting cutting-edge technologies

like blockchain, Artificial Intelligence, Machine Learning to meet the

discerning needs of a diverse clientele, from enterprises to carriers across

geographies. Tanla is working with all leading Telcos in India creating India's

first Telecom Blockchain Network. Tanla is a public limited company listed on

leading Indian stock exchanges (NSE: TANLA) (BSE: 532790)

Disclaimer

This release might contain 'forward-looking statements' that are based on our

current expectations, assumptions, estimates and projections about Tanla

Platforms Limited (the "Company"), our industry, economic conditions in the

markets in which we operate, and certain other matters. Those statements

include, among other things, the discussions of our business strategy and

expectations concerning our market position, future operations, margins,

profitability, liquidity and capital resources. These statements are subject to

known and unknown risks, uncertainties and other factors and they depend on

future events and circumstances. Such statements do not guarantee future

results or development and the actual results or outcomes may differ materially

from those implied by the forward-looking statements. The risks and

uncertainties relating to these statements include, but are not limited to,

risks and uncertainties regarding fluctuations in earnings, fluctuations in

foreign exchange rates, our ability to manage growth, intense competition in

the services provided by the Company, including those factors which may affect

our cost advantage, wage increases, our ability to attract and retain highly

skilled professionals, time and cost overruns on fixed-price, fixed-time frame

contracts, client concentration, restrictions on immigration, industry segment

concentration, our ability to manage our international operations, reduced

demand for technology in our key focus areas, disruptions in telecommunication

networks or system failures, our ability to successfully complete and integrate

potential acquisitions, liability for damages on our service contracts, the

success of the companies in which the Company has made strategic investments,

withdrawal or expiration of governmental fiscal incentives, political

instability and regional conflicts, regulatory changes, legal restrictions on

raising capital or acquiring companies outside India, and unauthorized use of

our intellectual property and general economic conditions affecting our

industry. In light of these and other uncertainties, you should not conclude

that the results or outcomes referred to in any of the forward-looking

statements will be achieved. All forward-looking statements are based on

information available to us on the date hereof, and we do not undertake to

update these forward-looking statements to reflect future events or

circumstances unless required to do so by law.

For further information, you may write to: investorhelp@tanla.com

CONSOLIDATED P&L (UN-AUDITED)

                                                          Rs in Lakhs

Particulars                                           Q2FY21            Q1FY21            Q2FY20

I. Revenue from operations                58,324.7            45,554.8           48,716.4

II. Other income                                       474.5              1,322.8                171.8

III. Total Income (I+II)                         58,799.1            46,877.5            48,888.3

IV. Expenses                        

      Cost of services                             44,891.7           35,024.6             38,857.9

      Employee benefits expense             2,283.3            1,990.2                4,597.8

      Depreciation expense                         992.3            1,148.8                6,923.8

      Connectivity expenses                        280.8               197.0                   206.8

      Finance cost                                            8.9                70.0                    118.0

      Other expenses                                 1,115.7              843.0                 1,907.2

Total expenses (IV)                               49,572.6          39,273.5               52,611.5

V. Profit before non-

controlling interest/share

in net profit/(loss) of

associate (IV- V)                                     9,226.5            7,604.0             (3,723.3)

VI. Share in net profit/

(loss) of associate                                        -                      -                    (149.8)

VII. Profit before tax (V - VI)                   9,226.5            7,604.0             (3,873.1)

VIII. Tax expense:                        

      Current tax                                        1,053.2               553.8                 266.8

      Prior period taxes/MAT

       credit                                                     -                (1,074.8)                  0.5

      Deferred tax                                          26.0                 264.5               561.0

IX. Profit for the year

(VII -VIII)                                                 8,147.3              7,860.6          (4,701.4)

X. Other comprehensive income             (330.5)                 (1.7)               338.6

XI. Total Comprehensive income

for the period (X + XI)                             7,816.8             7,858.8          (4,362.8)

XII. Earnings per equity share                        

Basic & Diluted (not annualised)                 5.85                 5.17               (3.27)

  BALANCE SHEET:

Rs in Lakhs

Particulars

                                                                                           Consolidated

                                                                                    As at                   As at

                                                                             Sept 30, 2020        Mar 31, 2020

                                                                            (Un-audited)           (Audited)

I. ASSETS                 

(1) Non-current assets                 

(a) Property, Plant and Equipment                         3,098.80                3,591.39

(b) Intangible assets                                               7,011.63                8,183.05

(c) Intangible assets under development               2,427.52                1,330.75

(d) Goodwill on Consolidation                               13,455.69              13,455.69

(e) Right-of-use assets                                               425.15                  504.35

(f) Financial assets                 

           (i) Investments                                                    -                            -

          (ii) Loans and advances                                    618.26                  388.56

          (iii) Other financial assets                                   82.17                    56.86

(g) Deferred tax assets (net)                                    5,275.25               5,674.24

(h) Other non-current assets                                    5,684.45               7,967.47

Total non-current assets                                         38,078.92             41,152.36

(2) Current Assets                 

(a) Financial Assets                 

           (i) Trade receivables                                     37,293.14             32,576.94

           (ii) Cash and cash equivalents                     19,740.66             17,078.98

           (iii) Bank balances other than cash

                 and cash equivalents                                3,650.15              2,978.49

           (iv) Loans and advances                                    374.89                294.57

           (v) Other financial assets                              17,073.22           20,472.22

(b) Other current assets                                             2,213.44             4,340.91

Total current assets                                                  80,345.50           77,742.11

TOTAL ASSETS                                                       118,424.42         118,894.47

II. EQUITY AND LIABILITIES                 

(1) Equity                  

(a) Equity share capital                                               1,360.36            1,459.72

(b) Other equity                                                         68,538.35          68,713.73

Total equity                                                                69,898.71          70,173.45

(2) Non current liabilities                 

(a) Financial liabilities                 

           (i) Lease liabilities                                               327.23              434.91

           (ii) other financial liabilities                                 147.49                22.95

(b) Provisions                                                                  501.93              644.80

(c) Other non-current liabilities                                      389.00              428.70

Total Non Current Liabilities                                        1,365.65           1,531.36

(4) Current liabilities                 

(a) Financial liabilities                 

          (i) Trade payables                                             27,155.25         28,060.26

          (ii) Lease liabilities                                                  81.27              103.80

          (iii) other financial liabilities                             19,306.71         16,865.63

(b) Other current liabilities                                              494.18           2,014.98

(c) Provisions                                                                   122.64              144.99

(d) Liabilities for current tax (net)                                      -                      -

Total Current liabilities                                                47,160.03         47,189.65

TOTAL EQUITY AND LIABILITIES                            118,424.42        118,894.47

                                      CASH FLOW STATEMENT

                                                                                                         Rs in Lakhs

Particulars                                                                         Consolidated

                                                                        Six months ended     Six months ended

                                                                             30-Sept-2020          30-Sept-2019

Cash flows from Operating Activities                

Profit before tax                                                         16,830.56              (15,804.92)

Adjusted for :                

Depreciation and amortization expenses                    2,141.04                22,288.30

Interest & other income                                             (1,577.66)                 (531.83)

Share based payments                                                       7.13                 2,948.53

Buy back expenses                                                         115.36                       -

Provision for diminution of investment

  in Associate                                                                     -                         169.04

Unrealized loss on forex exchange fluctuation                 0.26                         -

Allowance for advances                                                     -                              -

Provision for doubtful debts                                            54.04                    235.47

Operating profits before working

capital charge                                                            17,570.72                9,304.59

Changes in operating assets and liabilities                

(Increase)/Decrease in trade receivables                (4,716.20)              (4,425.29)

(Increase)/Decrease in financial and

non-financial assets                                                   7,553.38              (10,835.36)

Increase/(Decrease) in financial and

  non-financial liabilities                                               (163.50)               5,516.58

Increase/(Decrease) in trade payables                        (905.01)               6,972.17

Cash generated from operations                                19,339.40               6,532.69

    Income taxes paid        -        -

Net cash generated from operating activities            19,339.40               6,532.69

CASH FLOWS FROM INVESTING ACTIVITIES:                

(Purchase)/sale of fixed assets/intangible

assets                                                                          (1,500.25)            (1,785.34)

Investments in subsidiary                                                    -                (23,622.44)

Proceeds from sale of investments                                     -                    3,772.43

Dividend received from subsidiary                                      -                           -

Interest & other income                                                 1,508.03                531.83

Net cash generated/(used) in investing

activities                                                                               7.78          (21,103.52)

CASH FLOWS FROM FINANCING ACTIVITIES:                

Proceeds from issue of shares                                       2,009.88           12,590.33

Payment for buy back of equity shares

including transaction cost                                           (16,585.06)                -

Repayment of Borrowings                                                    -                    (383.54)

Principal payment of lease liabilities                                  23.59                    -

Interest paid on lease liabilities                                      (104.37)                   -

Dividend paid                                                                (1,357.88)                   -

Net Cash used in financing activities                         (16,013.84)          12,206.79

Net change in cash and cash equivalents                      3,333.34           (2,364.04)

Cash and cash equivalents at the beginning

of the period                                                                 20,057.47           15,502.49

Cash and cash equivalents at the end of

the period                                                                     23,390.81           13,138.45

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Source:  Tanla Platforms Limited