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