Internet software and services company Tanla Platforms Announced Q1FY23 results:

• Revenue increased by 28% YoY to Rs 8,001 million.
• Gross profit increased by 7% YoY to Rs 1,850 million. Gross margin at 23.1%.
• EBITDA at Rs 1,307 million. EBITDA margin at 16.3%.
• Profit after tax at Rs 1,004 million. Profit after tax margin at 12.5%.
• Earnings per share at Rs 7.40.
• Free cash flow at Rs 718 million and Cash & Cash Equivalents at Rs 9,873 million.

“We are progressing well on our one platform strategy-Wisely. Q1 had some operational headwinds in the Enterprise business, but we have our building blocks in place to accelerate our momentum in the coming quarters. We have a strong balance sheet and excited by the opportunities ahead of us.” - Uday Reddy, Founder Chairman & CEO

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