Internet Software & Services company Tanla Platforms announced Q1FY24 results:
- Revenue increased by 14% YoY to Rs 9,111 million
- Gross profit at Rs 2,413 million. Gross margin at 26.5%
- EBITDA at Rs 1,822 million. EBITDA margin at 20.0%
- Profit after tax increased by 35% YoY to Rs 1,354 million. Profit after tax margin at 14.9%
- Earnings per share increased by 36% YoY to Rs 10.07
- Cash & Cash Equivalents at Rs 8,039 million and free cash flow of Rs 869 million
Uday Reddy, Founder Chairman & CEO, Tanla Platforms said, “We have delivered strong growth across both Digital Platforms and Enterprise Communications business. Our strategic bets are giving us tremendous scale and reach to enterprises, while continuing to have an incredible innovation engine.”