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Internet Software & Services company Tanla Platforms announced Q4FY24 & FY24 results:
Q4FY24 Financial Highlights:
- Revenue increased by 20.6% YoY to Rs 10,055 million
- Gross profit at Rs 2,686 million. Gross margin at 26.7%
- Adjusted EBITDA at Rs 1,877 million. Adjusted EBITDA margin at 18.7%. Reported EBITDA at Rs 1,604 million
- Adjusted Profit after tax increased by 10.4% YoY to Rs 1,361 million. Adjusted Profit after tax margin at 13.5%. Reported PAT at Rs 1,302 million
- Earnings per share increased by 9.1% YoY to Rs 9.69
- Free cash flow of Rs 1,492 million
FY24 Financial Highlights:
- Revenue increased by 17.1% YoY to Rs 39,278 million
- Gross profit at Rs 10,559 million. Gross margin at 26.9%
- Adjusted EBITDA at Rs 7,595 million. Adjusted EBITDA margin at 19.3%. Reported EBITDA at Rs 7,322 million
- Adjusted Profit after tax increased by 23.0% YoY to Rs 5,542 million. Adjusted Profit after tax margin at 14.1%. Reported PAT at Rs 5,483 million
- Earnings per share increased by 23.4% YoY to Rs 40.78
- Cash & Cash Equivalents at Rs 6,810 million and free cash flow of Rs 4,311 million
Uday Reddy, Founder Chairman & CEO, said, “FY24 has been an eventful year across all dimensions of innovation, customer success, and brand– commercializing greenfield platforms like Wisely ATP, value creation through the successful integration of ValueFirst acquisition, the strategic shift towards OTT channels, and showcasing our brand at scale. I am very excited as we enter the new year with the opportunities ahead of us.”
