Tanla Platforms Limited has announced its financial results for quarter two of FY’21-22.
Key Metrics: Second Quarter
During the year, the revenue increased by 44 per cent to Rs 84.1 billion. The gross profit increased by 71 per cent year-over-year to Rs 23.02 billion. The gross margin rate was 27.4 per cent and improved by 440 basis points from last year. The year-over-year growth of 83 per cent is reflected in the increase in EBITDA. The year-over-year improvement of 452 basis points was achieved in EBITDA. The company’s profits after tax increased by 67 per cent year-over-year to Rs 1,362 million. The company reported an increase of 72 per cent in earning per share to Rs 10.04. And free cash flow stood at Rs 2,217 million and Cash & Cash Equivalents at Rs 8,457 million.
Key Metrics: Half Yearly
The company’s revenue increased by 41 per cent to Rs 14,680 million. Compared to last year, the gross profit increased by 68 per cent to Rs 4,037 million. The year-over-year improvement in gross margin was 443 basis points. The EBITDA increased by 82 per cent to Rs 3,132 million. The EBITDA was 21.3 per cent and increased by 473 basis points over last year. Profit after tax increased by 50 per cent year-over-year to Rs 2,407 million. Earnings per share rose 61 per cent to Rs 17.71. Free cash flow stood at Rs 3,502 million.
Commenting on the development, Uday Reddy, founder chairman and chief executive officer, Tanla Platforms Limited, said, “Our stellar performance was contributed by higher wallet share from existing customers and additional market share expansion from newer clients.”
