Tanla Platforms has announced its results for the fourth quarter (Q4) and full year ended March 31, 2021 in comparison with the same periods of the previous financial year.
On a year-on-year (YoY) basis, revenues grew 24 per cent to Rs 6.48 billion during the Q4 with the full-year revenue breaching the Rs 200 billion mark for the first time since inception standing at Rs 23.41 billion, increasing by 21 per cent. Further, net profit for Q4 was at Rs 1.02 billion. The full year net profit was at Rs 3.56 billion.
Meanwhile, the operating profit for the quarter more than doubled to Rs 1.34 billion in comparison with last year’s Q4 figures. Tanla generated an annual operating profit of Rs 4.33 billion with the operating profit margin for the year increasing to 19 per cent from 10 per cent. Cash conversion (Operating cash flow to operating profit) at 129 per cent. Tanla and all its subsidiaries continue to remain debt free with surplus cash reserves.
Final dividend of 100 per cent has been recommended by the board subject to shareholders’ approval. Total dividend for the year would be 200 per cent including the interim dividend paid. For the year, Tanla would have returned Rs 1.93 billion to shareholders through a combination of share buyback, interim dividend, proposed final dividend and applicable taxes.
Commenting on the results, Uday Reddy, chairman and chief executive officer (CEO), Tanla Platforms Limited, said, “We delivered another fantastic quarter to cap a record breaking 20-21 across all key parameters, with over Rs 23 billion in full year revenue. These stellar results continue to demonstrate Tanla’s strong platform and enterprise offerings, our focus on customer success, and commitment to enable their communication needs. Tanla is powering digital communications for the world’s largest vaccination drive by converting vaccines to vaccinations. Despite a raging pandemic, our team members displayed remarkable strength of character and proved that success can be achieved even in this adversity. As part of our ESG initiative, Tanla will target to become carbon neutral by 2025.”