Tanla's continued investment in communication platforms pays off in stellar Q3 results

Hyderabad (Telangana) [India], February 8 (ANI/PRNewswire): Tanla Platforms Limited today announced its results for the quarter ended 31 December 2020 in comparison with the same period the previous financial year.
Key Metrics
Revenues were Rs 654.1 crore, up by 21 per cent EBITDA was Rs 126.9 crore, up by 99 per cent
Net profit was Rs 93.5 crore, up from Rs 0.7 crore
Cash and cash equivalents were Rs 449.3 crore, up from Rs 204.8 crore earnings per share was Rs 6.87, up from Rs 0.05
"The quarterly results demonstrate the depth of Tanla's capabilities in the platforms and commercial communications domain. Our unwavering focus, and investment in platforms and products, people, customer success and brand have all led to us posting the best quarterly performance till date. With our market position stronger than ever before, we are committed in our decision to expand our global footprint in the CPaaS business," said Uday Reddy, Chairman & CEO of Tanla Platforms Limited.
"Trubloq, the DLT platform built to enforce the TRAI regulation has seen massive adoption across enterprises, telemarketers and telcos. To date, we have on boarded more than 34,000 enterprises. Trubloq was only launched commercially in September, and now processes over 70 per cent of A2P traffic in India, topping 1 billion interactions in a single day last month. Trubloq significantly bolstered Tanla's revenues in the third quarter.
"Data security, data privacy and traceability of digital footprint are no longer just compliance requirements, rather fast emerging as a potential source of competitive advantage and so are becoming a strategic priority for organisations. The Wisely platform, our latest offering launched in January ensures that end users data security and data privacy is never compromised when sending and receiving commercial communications. Wisely is on its way to "Uberize" the CPaaS ecosystem."
Financial Highlights
India's largest CPaaS provider delivered its best third quarter revenues.
On a year-on-year basis, revenues grew 21 per cent to Rs 654.1 crore accounting for more than a third of last year's annual revenues. The EBITDA was up by 99 per cent to Rs 126.9 crore for the same period, crossing the Rs 100 crore mark for the first time. The company reported a highest ever net profit of Rs 93.5 crore.
EBITDA to cash conversion was 78 per cent and cash generated from operating activities was Rs
225.2 crore, for the quarter. Tanla and all of its subsidiaries continue to remain debt free.
Business Highlights
Tanla's growth in business for the quarter was propelled by 81 new client opportunities. These new deals could augment the annual revenue by Rs 90 crore.
Early January, Tanla also marked a significant milestone in the platforms business with the launch of Wisely, a blockchain-enabled CPaaS offering built & architected by Microsoft. As a unique marketplace for enterprises and suppliers, Wisely offers a global edge-to-edge network that delivers private, secure, and trusted communication experiences. It was the first time that an Indian technology company released a disruptive platform for global adoption.
New Enterprise Wins
* Tanla's new enterprise wins came from eight sectors for the quarter. Banking, fintech, retail and e-commerce accounted for more than 50 per cent of new enterprise wins.
* Consumer goods and automobile, communications and entertainment, and BFSI sectors top the list of 6,278 enterprises that registered on Trubloq in Q3 alone.
Responding to COVID-19
During these trying periods, we focused on keeping our employees safe, encouraging them to work from home by providing them with adequate technology and infrastructure. Even as we worked remotely, we made certain that the needs of our customers and partners were always met and everybody remained engaged, healthy, and productive in their new working environment.
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