Tanla Platforms Ltd Share Price – NSE  / BSE

IT - Software, Small Cap

Tanla Platforms announced the appointment of Naiyya Saggi to its Board of Directors. A visionary leader and accomplished entrepreneur, Naiyya brings extensive expertise in leveraging technology and consumer-first strategies to drive innovation and impact across industries.

As Co-Founder & Board Member of The Good Glamm Group and Founder of BabyChakra, Naiyya has built and scaled transformative ventures that have empowered millions of users. Her groundbreaking work has earned global recognition, including being featured in a prestigious Harvard Business School case study. Naiyya has also played a pivotal role in scaling The Good Glamm Group to unicorn status, with a diverse portfolio of market-leading brands.

Naiyya's leadership extends across sectors. She is an Independent Director on the Board of Welspun Living and an advisor to organizations like Steer World. She also serves as a Governing Council member of the Tech Entrepreneurs Association of Mumbai, representing the $60 billion Mumbai tech ecosystem, and is on the Board of the Harvard Alumni Entrepreneurs Association India, the India chapter of a global non-profit connecting over 18,500 Harvard alumni across 20 chapters.

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Profit before tax (PBT) was at Rs 160.72 crore in September 2024 quarter, down 10.07% YoY.

EBITDA stood at Rs 175.40 crore in Q2 of FY25, down 10.87% YoY. EBITDA margin stood at 17.5% during the period under review.

Total expenses rose 1.67% year on year to Rs 850.25 crore during the quarter. Employee benefits expense stood at Rs 54.37 crore (up 23.12% YoY) during the period under review.

The company's revenue Enterprise Communications business stood at Rs 912.70 crore (down 0.06% YoY) whereas revenue from Digital Platform business was at Rs 88 crore (down 7.7% YoY) during the quarter under review.

The firm added 89 new clients in Q2, with 35% of these additions coming from new channels such as WhatsApp.

During Q2 FY25, company’s cash & cash equivalents stood at Rs 705.30 crore and free cash flow at Rs 52 crore.

On half year basis, the company’s consolidated net profit declined 2.34% to Rs 271.43 crore on 4.33% rise in revenue to Rs 2,002.92 crore in H1 FY25 over H1 FY24.

Uday Reddy, founder chairman & CEO, Tanla Platforms said, “Amidst the dynamic landscape, we have navigated shifts effectively while building a foundation for sustained growth. With strategic investments in OTT, platform innovation, and investment for future growth, Tanla is positioned to drive impactful industry shifts. We closed another deal with one of the largest banks in India this quarter for Wisely ATP, reinforcing our commitment to secure, innovative digital solutions.”

Tanla Platforms has revolutionized digital interactions by empowering users and enabling enterprises through its innovation led SaaS business. With a unique enterprise and user-centric approach, Tanla has emerged as a leader in the CPaaS industry dominating data security, privacy, spam, and scam protection. Headquartered in Hyderabad (India).

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Net profit of Tanla Platforms declined 8.66% to Rs 130.21 crore in the quarter ended September 2024 as against Rs 142.55 crore during the previous quarter ended September 2023. Sales declined 0.78% to Rs 1000.72 crore in the quarter ended September 2024 as against Rs 1008.59 crore during the previous quarter ended September 2023.

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Tanla Platforms has appointed Francois Ortalo-Magne (DIN: 10801111) as an Additional Director under the category of Non-Executive and Independent Director on the Board of the Company, for a term of five consecutive years, effective from 10 October 2024.

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