Tanla Platforms rallies 40% in 2 weeks; stock hitting a new lifetime high
By Sanjay Maurya
News Highlights
- Tanla Platforms shares hit a new record on Tuesday, hitting the top 5 percent upper circuit at INR 960 on the BSE.
- The business growth for the quarter was driven by 81 new customer opportunities, according to Tanla Platform.
- Trubloq launched commercially in September and now handles more than 70% of the A2P traffic in India.
Tanla Solutions rallies 40% in 2 weeks; stock hits new lifetime high
Tanla Platforms shares hit a new high on Tuesday, hitting the top 5 percent upper circuit at INR 960 on the BSE. By 10:04 a.m., a total of around 100,000 shares had changed hands and there were pending orders for the total. The data shows that 96,000 shares are involved in NSE and BSE.
In the past two weeks, the company’s IT software products stocks are up 40 percent after reporting excellent results for the October-December quarter (Q3FY21). For comparison: The S & P BSE Sensex fell by 2.6 percent in the same period. The supplier achieved the best sales in the third quarter. Year-on-year sales rose 21 percent to 654 billion rupees, which is more than a third of annual sales for the previous year.
Earnings before interest, taxes, depreciation, and amortization (Ebitda) rose 99 percent to INR 126.9 billion over the same period, surpassing the INR 100 billion mark for the first time, while Ebitda margins rose 760 basis points (basis points) to 19, 4 percent improved. 11.8 percent. Also, the company reported its highest net income of INR 93 billion, compared to INR 0.70 billion for the same quarter last year.
The business growth for the quarter was driven by 81 new customer opportunities, according to Tanla Platform. These new deals could increase annual sales by INR 90 crore, he said. “Trubloq, the DLT platform for enforcing TRAI regulations, has been massively adopted by businesses, telemarketers, and telecommunications companies. To date, we have addressed more than 34,000 companies.
Trubloq (blockchain-based Stack) launched commercially in September and now handles more than 70% of the A2P traffic in India. Over 1 billion interactions in a single day in the past month. Trubloq significantly increased Tanla’s sales in the third quarter, “said a press release.
