The IT software company's consolidated net profit dropped 3.9% to Rs 100.41 crore on 27.7% increase in net sales to Rs 800.14 in Q1 FY23 over Q1 FY22.

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.