Tanla Platforms Limited (CIN: L72200TG1995PLC021262) has released its unaudited consolidated financial results for the second quarter (Q2) and half year ended September 30, 2024. The company reported a slight increase in net revenue alongside a significant rise in net profit, reflecting its resilience in a competitive landscape.
For the quarter ended September 30, 2024, Tanla Platforms reported a total revenue of ₹1,000.72 crore, representing a 0.2% year-on-year (YoY) increase from ₹1,008.59 crore in Q2 FY24. This growth was driven by sustained demand for its cloud communication services.
Net profit for Q2 FY25 reached ₹130.21 crore, marking a 12.1% YoY increase from ₹116.16 crore in the same period last year. This increase in profitability was attributed to improved operational efficiencies and cost management strategies.
For the first half of FY25 (H1 FY25), Tanla reported total revenue of ₹2,002.93 crore, reflecting an 4.3% YoY growth compared to ₹1,919.70 crore in H1 FY24. Net profit for the half-year stood at ₹270.13 crore, up 8.6% YoY from ₹248.75 crore.
Key Highlights (Q2 FY25):
- Revenue from operations: ₹1,000.72 crore, up 0.2% YoY.
- Net profit: ₹130.21 crore, up 12.1% YoY.
- Total expenses for the quarter were ₹850.26 crore, leading to a profit before tax of ₹160.72 crore.
The company expressed optimism regarding its growth trajectory, focusing on innovation and customer-centric solutions to drive further success.
