Conference Call with Tanla Platforms Management and Analysts on Q4FY23 Performance and Outlook. Listen to the full earnings transcript.
Internet Software & Services company Tanla Platforms announced Q4FY23 & FY23 results: Q4FY23: Revenue decreased by 2% YoY to Rs 8,335 million Gross profit at Rs 2,289 million. Gross margin at 27.5% EBITDA at Rs 1,661 million. EBITDA margin at 20% Profit after tax at Rs 1,203 million. Profit after tax margin at 14.4% Earnings per share at Rs 8.88 Cash & Cash Equivalents at Rs 7,116 million and free cash flow of Rs 1,472 million FY23: Revenue increased by 5% YoY to Rs 33,543 million Gross profit at Rs 8,365 million. Gross margin at 24.9% EBITDA at Rs 5,877 million. EBITDA margin at 17.5 % Profit after tax at Rs 4,476 million. Profit after tax margin at 13.3% Earnings per share at Rs 33.05 Cash & Cash Equivalents at Rs 7,116 million and Free cash flow of Rs 907 million Final dividend of Rs 4 per share (400% of face value of Re 1 per share) has been recommended by the board subject to shareholders approval Completed our third consecutive buyback. Tanla bought back 14,16,666 shares at Rs 1,200 per share for an aggregate amount of Rs 1,700 million through tender route mechanism Uday Reddy, Founder Chairman & CEO, Tanla Platforms said, “Our innovation engine is firing with Platform business gross profits growing over 20% YoY for 11 quarters in a row. Our Enterprise business is back to 20% gross margins and we are well positioned to grow in the coming year.” Result PDF