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Profit before tax stood at Rs 169.99 crore in Q1 FY24 registering a growth of 35.4% on year on year (YoY) basis. Total expenses increased 9.92% YoY to Rs 746.38 crore in quarter ended 30 June 2023.
Consolidated EBITDA grew 39% YoY to Rs 182.2 crore during the quarter from Rs 130.7 crore posted in Q1 FY23. EBITDA margin stood at 20% in Q1 FY24, up 367 bps YoY.
The company's revenue from Digital Platform business was at Rs 87.9 crore (up 29% YoY) whereas revenue from Enterprise Communications business stood at Rs 823.2 crore (up 12% YoY) during the period under review.
The company said that 221 customers contributing greater than Rs 1 crore annual revenue grew by 10% year on year.
Tanla Platforms registered a positive free cash flow of Rs 86.9 crore and cash & cash equivalents stood at Rs 803.9 crore in Q1 FY24.
Uday Reddy, founder chairman & chief executive officer (CEO), Tanla Platforms, said, “We have delivered strong growth across both Digital Platforms and Enterprise Communications business. Our strategic bets are giving us tremendous scale and reach to enterprises, while continuing to have an incredible innovation engine.”
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 hit a 52-week high at Rs 1,244.45 on the BSE in intraday today.
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