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.” Result PDF
Software & Services company Tanla Platforms announced Q3FY24 results: Financial Highlights Revenue Growth: Reported revenue of Rs 10,026 million, marking a YoY growth of 15.3%. Digital Platforms Revenue: Digital platforms saw an increase of 22% YoY. Gross Profit: Gross profit reached Rs 2,699 million, a significant increase of 24.5% compared to the previous year. EBITDA: EBITDA stood at Rs 1,928 million with a margin of 19.2%, improving by 183 basis points YoY. Net Income (PAT): Profit After Tax grew by 20%, amounting to Rs 1,401 million. Earnings Per Share (EPS): EPS experienced a growth of 21.5%, now at Rs10.42. Free Cash Flow (FCF): FCF was Rs 640 million, which is 46% of PAT. Cash Balance: The cash balance increased by Rs 712 million quarter-over-quarter to Rs 6,162 million. Operational Highlights: Customer Base: Tanla Platforms added new customers, with 335 customers contributing more than Rs 10 million in annual revenue – a 6% increase YoY. Customer Segments: The company saw growth in revenue contributions from different customer segments, particularly those contributing more than Rs 100 million annually. New Customer Acquisition: The platform acquired new customers, generating 35% more revenue in this area, particularly on WhatsApp. Strategic Business Performance: Gross Margin Improvement: Overall gross margin rose to 26.9%, a 199 basis point increase YoY. EBIT Performance: Digital Platforms' EBIT grew by 73.2%, while Enterprise Communications' EBIT witnessed an 11% increase. Return on Capital Employed (ROCE): The ROCE (excluding cash & cash equivalents) was robust at 51%. Result PDF