Tanla Platforms gains 5% as net profit rises by 35% for Q1FY24

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26 Aug, 2025 12:21

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Tanla Platforms Limited shares were up by 5.25 percent, hitting a new 52-week high on Friday after the company’s net profit for the June quarter increased by 34.5 percent to Rs 135 crore as compared to Rs 100.4 crore reported in Q1FY23. Sequentially, the company's net profit increased by 12.5 percent from Rs 120 crore reported in Q4FY23.

At 12:45 pm, the stock was quoting at Rs 1,175.90 apiece, up by Rs 58.65, or 5.25 percent percent on the NSE.

In reaction to the strong earnings reported by the company, nearly 45 lakh shares changed hands at both exchanges against the monthly average of 14 lakh shares. The stock  has been on a gradual ascent since March 31st, having gained 121.75 percent till date.

Also read Persistent Systems falls as Q1 numbers miss estimates, profit down 9% QoQ

Tanla Platforms, India’s largest CPaaS provider, on July 20 reported strong earnings for Q1FY24. The revenue from operations increased by 13.9 percent YoY (year-on-year) at Rs 911 crore compared to Rs 800 crore in Q1FY23. Sequentially, the revenue increased by 9.36 percent against Rs 833 crore reported in the March quarter.

The OPM (operating profit margins) for the company for Q1FY24 went up by 370 basis points to 20 percent against 16.3 percent recorded in the corresponding quarter of the previous fiscal.

Tanla Platforms Limited is a technology-driven communications company providing cloud communication solutions. The company counts prominent companies like Vodafone, Airtel, Facebook, HDFC Bank and Axis Bank among its clientele.

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