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Profit before tax (PBT) was at Rs 178.72 crore in Q2FY24, up 27.48% YoY and up 5.13% QoQ.
EBITDA stood at Rs 196.80 crore in Q2FY24, up 41.08% YoY and up 8.01% QoQ. EBITDA margin is at 19.5%.
Total expenses rose 14.1% year on year to Rs 811.81 crore during the quarter. Employee benefits expense stood at Rs 44.17 crore (up 15.4% YoY) during the period under review.
Cash & cash equivalents stood at Rs 545 crore and free cash flow at Rs 131 crore.
Uday Reddy, founder chairman & CEO, Tanla Platforms said, "Q2 has been a milestone quarter for us with revenues crossing Rs 1000 crore for the first time. We have integrated ValueFirst India and delivered strong financial performance. We have a strong innovation DNA and deep domain knowledge, and we have been recognized as a Visionary in the Gartner Magic Quadrant for CPaaS."
Tanla Platforms, headquartered in Hyderabad, is a leading player in the CPaaS (Communications Platform as a Service) industry. It handles a volume of over 800 billion interactions per year. Additionally, its Trubloq service manages a significant portion (63%) of India's A2P (Application-to-Person) SMS traffic, making it the largest Blockchain use case globally.
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