Tanla records best ever Quarter fuelled by CPaaS and Digital revenues
HYDERABAD, India, Oct. 31, 2020 /PRNewswire/ -- Tanla Platforms Limited (NSE: TANLA) (BSE: 532790), largest CPaaS provider, today announced the results for the quarter ended on September 30th, 2020 as compared to the corresponding quarter of previous financial year
-- Revenue was ?583.2 Cr and increased 20%
-- EBITDA was ?97.5 Cr and increased 210%
-- PAT was ?81.5 Cr and increased 273%
-- EPS was ?5.85 and increased 279%
-- ROCE at 47.5% and increased 177%
-- EBIDTA to Cash Conversion remained robust at 82%
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"I'm delighted to report highest ever Revenue, EBITDA & EPS in Q2FY21. Our pioneering and dominant market position in CPaaS, in this cathartic phase in Digital, powered the surge in Revenue", commented Uday Reddy, Chairman & CEO of Tanla.
Commenting further Uday Reddy said, "Going forward our unwavering focus and investments on platforms & products, brand, customer success and talent, will drive future growth."
Business Highlights
-- 89,203 enterprises 6,339 telemarketers are registered on DLT platform.
-- In the first commercial go-live month of Sept 2020, Tanla's Trubloq
handled 70% of the total DLT traffic which is 35Bn.
-- 83 New Customer opportunities from major verticals (Banking, Financial
services, e-commerce, Gaming, OTT etc.) Including established brands to
high potential startups were signed up during Q2FY21, with an annual
potential revenue of ~ 76 Cr
Tanla's paid up share capital was 13,60,36,450 equity shares of ?1/ each on Sept 30, 2020 after a share buyback of 1,66,92,752 equity shares of Re.1 each and allotment of 4,71,645 equity shares of Re.1 each under the Employee Stock Purchase Plan, 2016.
The Company has paid an interim dividend of Re.1 per share to the Shareholders as on the Record date on September 18, 2020 aggregating ?13,57,87,600/-.
Support during COVID-19
During these trying periods, we focused on ensuring the safety of our employees encouraged them to work from home and minimize interaction at public places by providing them with the required infrastructure and a Covid Fund to help them meet medical needs for self and immediate family. We have also succeeded in providing the required support to our customers and partners and ensured they succeeded in providing their best work while they operated remotely.
About Tanla
Tanla is a Hyderabad, India, based company, established in 1999. It is a largest CPaaS provider, handling over 250 billion business communications annually with a market share of ~70%. Tanla is innovating the way the world communicates, continuously raising the bar through enhanced speed, ease, and simplicity of Cloud Communication solutions, adopting cutting-edge technologies like blockchain, Artificial Intelligence, Machine Learning to meet the discerning needs of a diverse clientele, from enterprises to carriers across geographies. Tanla is working with all leading Telcos in India creating India's first Telecom Blockchain Network. Tanla is a public limited company listed on leading Indian stock exchanges (NSE: TANLA) (BSE: 532790)
Disclaimer
This release might contain 'forward-looking statements' that are based on our current expectations, assumptions, estimates and projections about Tanla Platforms Limited (the "Company"), our industry, economic conditions in the markets in which we operate, and certain other matters. Those statements include, among other things, the discussions of our business strategy and expectations concerning our market position, future operations, margins, profitability, liquidity and capital resources. These statements are subject to known and unknown risks, uncertainties and other factors and they depend on future events and circumstances. Such statements do not guarantee future results or development and the actual results or outcomes may differ materially from those implied by the forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in the services provided by the Company, including those factors which may affect our cost advantage, wage increases, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which the Company has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, regulatory changes, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. In light of these and other uncertainties, you should not conclude that the results or outcomes referred to in any of the forward-looking statements will be achieved. All forward-looking statements are based on information available to us on the date hereof, and we do not undertake to update these forward-looking statements to reflect future events or circumstances unless required to do so by law.
For further information, you may write to: investorhelp@tanla.com
CONSOLIDATED P&L (UN-AUDITED)
Rs in Lakhs
Particulars Q2FY21 Q1FY21
Q2FY20
---
I. Revenue from
operations 58,324.7 45,554.8 48,716.4
II. Other income 474.5 1,322.8 171.8
III. Total Income (I+II) 58,799.1 46,877.5 48,888.3
IV. Expenses
Cost of services 44,891.7 35,024.6 38,857.9
Employee benefits expense 2,283.3 1,990.2 4,597.8
Depreciation expense 992.3 1,148.8 6,923.8
Connectivity expenses 280.8 197.0 206.8
Finance cost 8.9 70.0 118.0
Other expenses 1,115.7 843.0 1,907.2
Total expenses (IV) 49,572.6 39,273.5 52,611.5
V. Profit before non-
controlling interest/
share in net profit/
(loss) of associate (IV-
V) 9,226.5 7,604.0 (3,723.3)
VI. Share in net profit/
(loss) of associate - (149.8)
---
VII. Profit before tax (V
-VI) 9,226.5 7,604.0 (3,873.1)
VIII. Tax expense:
Current tax 1,053.2 553.8 266.8
Prior period taxes/MAT
credit - (1,074.8) 0.5
Deferred tax 26.0 264.5 561.0
IX. Profit for the year
(VII -VIII) 8,147.3 7,860.6 (4,701.4)
X. Other comprehensive
income (330.5) (1.7) 338.6
7,816.8 7,858.8 (4,362.8)
XI. Total Comprehensive income for
the period (X + XI)
XII. Earnings per equity share
Basic & Diluted (not
annualised) 5.85 5.17 (3.27)
BALANCE SHEET:
Rs in Lakhs
Consolidated
Particulars
As
at
Sept
30,
2020 As at Mar 31, 2020
(Un-
audited) (Audited)
I. ASSETS
---
(1)
Non-current
assets
(a)
Property,
Plant
and
Equipment 3,098.80 3,591.39
(b)
Intangible
assets 7,011.63 8,183.05
(c)
Intangible
assets
under
development 2,427.52 1,330.75
(d)
Goodwill
on
Consolidation 13,455.69 13,455.69
(e)
Right-
of-
use
assets 425.15 504.35
(f) Financial assets
(i)
Investments -
(ii)
Loans
and
advances 618.26 388.56
(iii)
Other
financial
assets 82.17 56.86
(g)
Deferred
tax
assets
(net) 5,275.25 5,674.24
(h)
Other
non-
current
assets 5,684.45 7,967.47
Total
non-
current
assets 38,078.92 41,152.36
--- ---
(2) Current Assets
(a) Financial Assets
(i)
Trade
receivables 37,293.14 32,576.94
(ii)
Cash
and
cash
equivalents 19,740.66 17,078.98
(iii)
Bank
balances
other
than
cash 3,650.15 2,978.49
and cash
equivalents
(iv)
Loans
and
advances 374.89 294.57
(v)
Other
financial
assets 17,073.22 20,472.22
(b)
Other
current
assets 2,213.44 4,340.91
Total
current
assets 80,345.50 77,742.11
TOTAL
ASSETS 118,424.42 118,894.47
--- ---
II. EQUITY AND LIABILITIES
(1) Equity
(a)
Equity
share
capital 1,360.36 1,459.72
(b)
Other
equity 68,538.35 68,713.73
Total
equity 69,898.71 70,173.45
--- ---
(2) Non current liabilities
(a) Financial liabilities
(i)
Lease
liabilities 327.23 434.91
(ii)
other
financial
liabilities 147.49 22.95
(b)
Provisions 501.93 644.80
(c)
Other
non-
current
liabilities 389.00 428.70
Total
Non
Current
Liabilities 1,365.65 1,531.36
--- ---
(4) Current liabilities
(a) Financial liabilities
(i)
Trade
payables 27,155.25 28,060.26
(ii)
Lease
liabilities 81.27 103.80
(iii)
other
financial
liabilities 19,306.71 16,865.63
(b)
Other
current
liabilities 494.18 2,014.98
(c)
Provisions 122.64 144.99
(d)
Liabilities
for
current
tax
(net) -
Total
Current
liabilities 47,160.03 47,189.65
--- ---
TOTAL
EQUITY
AND
LIABILITIES 118,424.42 118,894.47
CASH FLOW STATEMENT
Rs in Lakhs
Consolidated
Particulars
---
Six months ended Six months ended
30-Sept-2020 30-Sept-2019
--- ---
Cash flows from Operating Activities
Profit before tax 16,830.56 (15,804.92)
Adjusted for :
Depreciation and amortization
expenses 2,141.04 22,288.30
Interest & other income (1,577.66) (531.83)
Share based payments 7.13 2,948.53
Buy back expenses 115.36
Provision for diminution of
investment in Associate - 169.04
Unrealized loss on forex
exchange fluctuation 0.26
Allowance for advances -
Provision for doubtful debts 54.04 235.47
Operating profits before working
capital charges 17,570.72 9,304.59
Changes in operating assets and liabilities
(Increase)/Decrease in trade
receivables (4,716.20) (4,425.29)
(Increase)/Decrease in financial
and non-financial assets 7,553.38 (10,835.36)
Increase/(Decrease) in
financial and non-financial
liabilities (163.50) 5,516.58
Increase/(Decrease) in trade
payables (905.01) 6,972.17
Cash generated from operations 19,339.40 6,532.69
Income taxes paid -
Net cash generated from
operating activities 19,339.40 6,532.69
CASH FLOWS FROM INVESTING ACTIVITIES:
(Purchase)/sale of fixed
assets/intangible assets (1,500.25) (1,785.34)
Investments in subsidiary - (23,622.44)
Proceeds from sale of
investments - 3,772.43
Dividend received from
subsidiary -
Interest & other income 1,508.03 531.83
Net cash generated/(used) in
investing activities 7.78 (21,103.52)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issue of shares 2,009.88 12,590.33
Payment for buy back of equity
shares including transaction
cost (16,585.06)
Repayment of Borrowings - (383.54)
Principal payment of lease
liabilities 23.59
Interest paid on lease
liabilities (104.37)
Dividend paid (1,357.88)
Net Cash used in financing
activities (16,013.84) 12,206.79
Net change in cash and cash
equivalents 3,333.34 (2,364.04)
Cash and cash equivalents at the
beginning of the period 20,057.47 15,502.49
Cash and cash equivalents at the
end of the period 23,390.81 13,138.45
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SOURCE Tanla Platforms Limited
