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Profit before tax tumbled 12.54% to Rs 155.86 crore in Q4 FY23 from Rs 178.21 crore recorded in the same period last year. Total expenses rose 0.45% year on year to Rs 682.45 crore in quarter ended 31March 2023.
Consolidated EBITDA declined by 9.78% YoY to Rs 166.1 crore in Q4 FY23 from Rs 184.1 crore posted in Q4 FY22. EBITDA margin stood at 20% in Q4 FY23.
The company's revenue from Platform business was at Rs 81.5 crore (up 19% YoY) whereas revenue from Enterprise business stood at Rs 752 crore (down 4% YoY) during the period under review.
The company said that 223 customers contributing greater than Rs 1 crore annual revenue grew by 16% year on year.
Tanla Platforms registered a positive free cash flow of Rs 147.2 crore and cash & cash equivalents stood at Rs 711.6 crore in Q4 FY23.
On full year basis, the company's consolidated net profit surged 173.07% to Rs 447.64 crore on 4.63% jump in net sales to Rs 3,354.55 crore in FY23 over FY22.
The broad recommended a final dividend of Rs 4 per share for financial year ended 31 march 2023, subject to approval of shareholders
Uday Reddy, founder chairman & chief executive officer (CEO), Tanla Platforms, said, “Our innovation engine is firing with Platform business gross profits growing over 20% YoY for 11 quarters in a row. Our Enterprise business is back to 20% gross margins and we are well positioned to grow in the coming year.”
Tanla Platforms, one of the world's largest CPaaS players, processes more than 800 billion interactions annually and about 63% of India's A2P SMS traffic is processed through its distributed ledger platform.
The scrip rallied 3.18% to Rs 653.80 on the BSE.
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