Tanla Platforms Ltd, Rs 65 to Rs 1302: Investment of Rs 1 lakh in this stock have turned to Rs 19.03

Rs 65 to Rs 1302: Investment of Rs 1 lakh in this stock two years ago would have turned to Rs 19.03 lakh today!

by 5paisa Research Team Last Updated: Dec 10, 2022 - 03:59 pm 28k Views
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Compared to the returns delivered by the S&P BSE 500, the company has delivered over 20.73 times the index returns in the last two years.

Tanla Platforms Ltd, incorporated in the year 1995, is a smallcap company operating in the IT and software sector. The company, previously known as Tanla Solutions Ltd, is a cloud communications company based in Hyderabad, India. It provides value-added services in the cloud communications space and has offices in ten locations including Singapore, London, Colombo, and Dubai.

Like other software companies, shares of Tanla Platforms has been under the consolidation phase after ushering into 2022. Nevertheless, Tanla has turned into a multibagger stock and has delivered exceptional returns to its shareholders in the last two years. These returns are more than 20.73 times the returns delivered by the S&P BSE 500 index, of which the company is a part.

For the quarter ending March 2022, overall financial performance was in inline on both the revenue and margin front. The fourth quarter generally has weak seasonality compared to the third quarter on account of several promotional campaigns in the December quarter, driving up A2P messaging. The Wisely platform coming live is a positive development and would drive revenue growth for the Platform segment in next financial year. It remains a leader in the CPaaS space in India, growing faster than the industry.

 Revenue was down 3.6% QoQ due to softness in the enterprise business, however, it was offset by better platform performance which grew by 4.4% QoQ. The platform business (currently Trubloq) will continue to deliver strong growth, with the launch of the Wisely platform. The two notable deals on the Wisely platform (Vodafone Idea and Truecaller business messaging partnership) provide revenue visibility. EBIDTA saw a decline of 9.2% on a sequential basis while profit after tax declined by 11% on QoQ basis.

The shares of Tanla Platforms closed at Rs 1262 in today’s trade with a loss of 3.19% from the previous day’s closing price. The stock has a 52-week high and low of Rs 2096 and Rs 735, respectively on BSE.

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