Tanla's continued investment in communication platforms pays off in stellar Q3 results
PR87972
HYDERABAD, India, Feb. 7, 2021 /PRNewswire=KYODO JBN/--
Tanla Platforms Limited today announced its results for the quarter ended 31
December 2020 in comparison with the same period the previous financial year.
Key Metrics
Revenues were Rs 654.1 crore, up by 21% EBITDA was Rs 126.9 crore, up by 99%
Net profit was Rs 93.5 crore, up from Rs 0.7 crore
Cash and cash equivalents were Rs 449.3 crore, up from Rs 204.8 crore Earnings
Per Share was Rs 6.87, up from Rs 0.05
Uday Reddy, Chairman & CEO of Tanla Platforms Limited said, "The quarterly
results demonstrate the depth of Tanla's capabilities in the platforms and
commercial communications domain. Our unwavering focus, and investment in
platforms and products, people, customer success and brand have all led to us
posting the best quarterly performance till date. With our market position
stronger than ever before, we are committed in our decision to expand our
global footprint in the CPaaS business."
"Trubloq, the DLT platform built to enforce the TRAI regulation has seen
massive adoption across enterprises, telemarketers and telcos. To date, we have
onboarded more than 34,000 enterprises. Trubloq was only launched commercially
in September, and now processes over 70% of A2P traffic in India, topping 1
Billion interactions in a single day last month. Trubloq significantly
bolstered Tanla's revenues in the third quarter.
"Data security, data privacy and traceability of digital footprint are no
longer just compliance requirements, rather fast emerging as a potential source
of competitive advantage and so are becoming a strategic priority for
organisations. The Wisely platform, our latest offering launched in January
ensures that end users data security and data privacy is never compromised when
sending and receiving commercial communications. Wisely is on its way to
"Uberize" the CPaaS ecosystem."
Financial Highlights
India's largest CPaaS provider delivered its best third quarter revenues.
On a year-on-year basis, revenues grew 21% to Rs 654.1 crore accounting for
more than a third of last year's annual revenues. The EBITDA was up by 99% to
Rs 126.9 crore for the same period, crossing the Rs 100 crore mark for the
first time. The company reported a highest ever net profit of Rs 93.5 crore.
EBITDA to cash conversion was 78% and cash generated from operating activities
was Rs
225.2 crore, for the quarter. Tanla & all of its subsidiaries continue to
remain debt free.
Business Highlights
Tanla's growth in business for the quarter was propelled by 81 new client
opportunities. These
new deals could augment the annual revenue by Rs 90 crore.
Early January, Tanla also marked a significant milestone in the platforms
business with the launch of Wisely, a blockchain-enabled CPaaS offering built &
architected by Microsoft. As a unique marketplace for enterprises and
suppliers, Wisely offers a global edge-to-edge network that delivers private,
secure, and trusted communication experiences. It was the first time that an
Indian technology company released a disruptive platform for global adoption.
New Enterprise Wins
Tanla's new enterprise wins came from eight sectors for the quarter. Banking,
fintech, retail and e-commerce accounted for more than 50% of new enterprise
wins.
Consumer goods and automobile, communications and entertainment, and BFSI
sectors top the list of 6,278 enterprises that registered on Trubloq in Q3
alone.
Responding to COVID-19
During these trying periods, we focused on keeping our employees safe,
encouraging them to work from home by providing them with adequate technology
and infrastructure. Even as we worked remotely, we made certain that the needs
of our customers and partners were always met and everybody remained engaged,
healthy, and productive in their new working environment.
About Tanla:
Tanla Platforms Limited (NSE:TANLA; BSE:532790) transforms the way the world
collaborates and communicates through innovative CPaaS solutions. 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, Tanla processes more than 800
billion interactions annually and about 70% of India's A2P SMS traffic is
processed through its distributed ledger platform-Trubloq, making it the
world's largest Blockchain use case. Tanla touches over a billion lives
carrying mission critical messages meeting the needs of the world's largest
enterprises. Tanla Platforms Limited is headquartered in Hyderabad, India and
is expanding its presence globally.
Consolidated Profit and Loss (Un-audited):
Rs in Lakhs
Particulars Q3FY21 Q3FY21 Q2FY20
I. Revenue from operations 65,411.2 58,324.7 53,903.9
II. Other income 242.5 474.5 222.7
III. Total Income (I+II) 65,653.8 58,799.1 54,126.6
IV. Expenses
Cost of services 49,296.8 44,891.7 43,510.6
Employee benefits expense 2,003.5 2,283.3 1,826.4
Depreciation expense 892.1 992.3 7,083.9
Connectivity expenses 286.4 280.8 203.8
Finance cost 17.4 8.9 183.9
Other expenses 1,136.3 1,115.7 1,994.2
Total expenses (IV) 53,632.5 49,572.6 54,802.7
V. Profit before tax (III - IV) 12,021.3 9,226.5 (676.2)
VI. Tax expense:
Current tax 1,680.4 1,053.2 (464.7)
Prior period taxes/MAT credit - - 30.6
Deferred tax 988.9 26.0 (310.2)
VII. Profit for the year (V -VI) 9,351.9 8,147.3 68.2
VIII. Other comprehensive income (173.0) (330.5) 51.1
IX. Total Comprehensive income for the period (VII + VIII) 9,178.9 7,816.8 119.3
X. Earnings per equity share (in INR)
Basic & Diluted (not annualised) 6.87 5.85 0.05
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Source: Tanla Solutions Limited
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